$555,000
Mesa, AZ 85203
MLS# 6986665
1 / 32
Property Description
**SELLER FINANCING OPTION. ** Fantastic investment opportunity in Mesa! This well-maintained duplex sits on a desirable cul-de-sac lot, with the front unit A is currently occupied, offering immediate rental income. Each unit features a spacious 2-bedroom, 2-bathroom layout with detached interior laundry. Unit B, located at the rear, includes an expansive enclosed patio and additional paved parking with convenient alley access. Both units offer covered carport parking and includes a full roof replacement in 2018 and interior updates completed in 2020. With strong rental history and functional layouts, this property presents an excellent opportunity for investors or owner-occupants looking to offset their mortgage with income.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $555,000
List Price: $555,000
Status: Active
List Date: 2026-02-19
Location, Tax & Legal
Assessor's Map #: 32
Legal Description (Abbrev): LOT 164 ENCHANTED VILLAGE MCR
Assessor's Parcel #: 270
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420901
Taxes: 1005
Legal: LOT 164 ENCHANTED VILLAGE MCR
Marketing Name: Enchanted Village
House Number: 1129
Compass: N
Street Name: WEDGEWOOD
St Suffix: Circle
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 4785
County Code: Maricopa
Subdivision: ENCHANTED VILLAGE
Assessor Number: 137-32-270
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 7327
Total # of Units: 2
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Kerr Center for Agriscience
Jr. High School: Kino Junior High School
High School: Westwood High School
Year Built: 1970
Zoning: [M-H] MULTI-FAM
Legal Info
Range: 5E
Section: 14
Township: 1N
Lot Number: 164
Project Type
Duplex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Tile: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 1299
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2304
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 51600
Total Monthly Rental Income: 4300
Pmt & Rate Info
Cap Rate: 8.23
Equity: 575000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Supra: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Ceiling Fan(s): 1
Exterior Amenities
Separate Storage: 1
Interior Features
Fire/Smoke Alarm(s): 1
Vertical Blinds: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Free-Standing Electric Oven: 1
Refrigerator: 1
W/D Hookup: 1
Road Access Type
City Street: 1
Road Surface Type
Concrete: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Attached Carport: 1
Electric
SRP: 1
Gas
City Gas: 1
Owner Pays
None: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Owner May Carry: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 2100
Avg SqFt: 966
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: E Brown Rd & N Home
Directions: Go west on E Brown Turn North on N Wedgewood Circle Destination is on the right
Geo Lat: 33.435926
Geo Lon: -111.817242
Income Expenses
Gross Annual Sch Inc: 51600
Net Operating Income: 47300
Property Features
Project Type: Duplex
Construction: Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Tile; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Separate Storage
Interior Features: Fire/Smoke Alarm(s); Vertical Blinds
Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; W/D Hookup
Heating: Natural Gas
Cooling: Ceiling Fan(s)
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: City Gas
Parking Features: >1 Space Per Unit; Attached Carport
Road Access Type: City Street
Road Surface Type: Concrete
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; Owner May Carry; 1031 Exchange
Environmental: None
Listing Office: eXp Realty
Last Updated: April - 08 - 2026
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