$359,000
Mesa, AZ 85203
MLS# 6954952
Status: UCB (Under Contract-Backups)
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Property Description
Great opportunity! This charming duplex offers the perfect blend of investment potential and personal-use flexibility. Find an inviting living & dining room that creates a warm, comfortable atmosphere. Cook your favorite meals in the kitchen, featuring matching appliances and a convenient breakfast bar. Both bedrooms provide peaceful retreats. Enjoy relaxing on the covered patio or take advantage of the spacious shared backyard, complete with a built-in BBQ, ideal for hosting gatherings and outdoor fun. Excellent location, close to dining spots, shopping, and more. Roof is approximately 7 years old. Newer AC units (408 - 7/24 & 410 - approx. 4 years old). Newer appliances. Don't miss out on this great opportunity.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $359,000
List Price: $359,000
Status: UCB (Under Contract-Backups)
List Date: 2025-12-05
Location, Tax & Legal
Assessor's Map #: 25
Legal Description (Abbrev): LOT 72 STEWARTS NORTH MESA ADD AMD MCR
Assessor's Parcel #: 59
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 421502
Taxes: 658
Legal: LOT 72 STEWARTS NORTH MESA ADD AMD MCR
Marketing Name: N/A
House Number: 408
Compass: E
Street Name: 3RD
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 7903
County Code: Maricopa
Subdivision: STEWARTS NORTH MESA ADD AMD
Assessor Number: 138-25-059
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 69.44-105.40
Total # of Units: 2
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
High School: Westwood High School
Year Built: 1948
Zoning: CHK
Legal Info
Range: 5E
Section: 23
Township: 1N
Lot Number: 72
Project Type
Duplex: 1
Construction
Slump Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Tile: 1
Sale Includes
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 2000
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 1197
Annual Mgmt Exp: 3852
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Rplcmnt Rsrvs: 600
Annual Other Expense: 199
Operating Exp: 8506
Other Income: 85
Vacancy Allowance: 0.05
Adjusted Gross Inc: 28132.35
Total Monthly Rental Income: 2495
Pmt & Rate Info
Cap Rate: 6.56
Equity: 359000
Down Payment %: 20
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
See Private Remarks: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Individual: 1
2 or More Units: 1
Exterior Amenities
Cable TV Available: 1
Patio/Balcony: 1
Interior Features
Mini Blinds: 1
Breakfast Bar: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Landscaping: 1
Appliances Included
Disposal: 1
Microwave: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Other (See Remarks): 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
City Gas: 1
Owner Pays
None: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No 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
# Efficiency Units: 2
Avg Rent: 0
# Baths: 2
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1248
Avg SqFt: 700
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: E University Dr and N Mesa Dr
Directions: Head west on E University Dr. Turn left onto N Mesa Dr. Turn left onto E 3rd St. Home will be on the left.
Geo Lat: 33.421093
Geo Lon: -111.822414
Income Expenses
Gross Annual Sch Inc: 29528
Net Operating Income: 23559
Property Features
Project Type: Duplex
Construction: Slump Block
Const - Finish: Painted
Roofing: Composition
Floors: Tile
Sale Includes: Laundry Equipment
Community Features: No Pool
Exterior Amenities: Cable TV Available; Patio/Balcony
Interior Features: Mini Blinds; Breakfast Bar
Appliances Included: Free-Standing Range; Disposal; Microwave
Cooling: Ceiling Fan(s); Individual; Central Air; 2 or More Units
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: City Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV; Landscaping
Source of Fincl Data: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: See Private Remarks
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: Mark Brower Properties, LLC
Last Updated: December - 18 - 2025
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