$525,000
Mesa, AZ 85203
MLS# 7020101
1 / 47
Property Description
Investor Special in Mesa! Exceptional Duplex Opportunity with Built-In Income Potential! Rare chance to own a cash-flowing multi-family property featuring two spacious 980 sq. ft. units, each with 2 bedrooms, 1.75 baths, private backyards, and separate utility rooms with washer/dryer. Tenant-friendly features support strong rental appeal and long-term retention. Ideal for investors seeking dual income streams, portfolio growth, or value-add upside. Opportunities to acquire a duplex with this combination of layout, amenities, and income potential are hard to find. Add this high-demand Mesa investment to your portfolio before it's gone! Tenant are month-to-month will go or stay. Live in one and rent the other! Now that's slick! Current rent: $1700 $1500 room for increase!
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $525,000
List Price: $525,000
Status: Active
List Date: 2026-04-25
Location, Tax & Legal
Assessor's Map #: 32
Legal Description (Abbrev): LOT 165 ENCHANTED VILLAGE MCR 010714
Assessor's Parcel #: 271
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420901
Taxes: 968
Legal: LOT 165 ENCHANTED VILLAGE MCR 010714
Marketing Name: DuPLEX
House Number: 1121
Compass: N
Street Name: WEDGEWOOD
St Suffix: Circle
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 4776
Country: US
County Code: Maricopa
Subdivision: ENCHANTED VILLAGE
Assessor Number: 137-32-271
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 8403
Flood Zone: No
Total # of Units: 2
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Eisenhower Center For Innovation
Jr. High School: Kino Junior High School
High School: Westwood High School
Year Built: 1969
Zoning: RES
Legal Info
Range: 5E
Section: 14
Township: 1N
Lot Number: 165
Project Type
Duplex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Brick Veneer: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 968
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 36480
Total Monthly Rental Income: 3200
Pmt & Rate Info
Cap Rate: 4.84
Down Payment: 0
Equity: 525000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
See Private Remarks: 1
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Exterior Amenities
Curb(s) & Gutter(s): 1
Sidewalk(s): 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Washer/Dryer: 1
Road Surface Type
Concrete: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
>1 Space Per Unit: 1
Electric
City Electric: 1
Gas
City Gas: 1
Owner Pays
Water: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1700
Avg SqFt: 980
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: MESA DR/BROWN
Directions: East on Brown, North on Wedgewood. Property on Right in cul-de-sac.
Geo Lat: 33.435738
Geo Lon: -111.817247
Income Expenses
Gross Annual Sch Inc: 38400
Net Operating Income: 25433.63
Property Features
Project Type: Duplex
Construction: Block
Const - Finish: Painted; Brick Veneer
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Curb(s) & Gutter(s); Sidewalk(s)
Appliances Included: Refrigerator; Dishwasher; Washer/Dryer
Heating: Natural Gas
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: City Gas
Parking Features: Carport; >1 Space Per Unit
Road Surface Type: Concrete
Owner Pays: Water
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: See Private Remarks; None
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office: Rosewood Realty LLC
Last Updated: April - 28 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.