28 N Horne --, Mesa, AZ 85203

$369,900
List Price
$369,900
Status
ACTIVE
Days on Market
16
MLS#
6509288
City
Mesa
Lot Size
2
Year Built
1953

Property Description

Over 7% CAP Rate! High Cash-Flow Duplex Opportunity! High CAP-Rate on a Month-to-Month Contract for Both Units!Each unit is rented for $1,090 each. Total monthly income is $2,180 for Both Units. Total Net Yearly Income is $26,160. First unit is 2 beds/1 bath (696 sqft). Second Unit is 1 bed/1 bath (696 sqft) Long-Term month to month tenants that always pay on time. Tenants have been in place for 5 and 7 years and are willing to sign a Long-Term Contract. Rents are currently under market value and can be increased in this HOT Rental Demand Market. Great Mesa Location! Walking distance to light rail station, downtown restaurants, businesses & many more. Don't miss out on this Investor Opportunity with a High CAP-RATE!

Additional Information

Gross Annual Sch Inc
26160
Adjusted Gross Inc
26160
Taxes
$747
Operating Exp
747
Net Operating Income
$26,160
Units
2
Project Type
Duplex
Construction
Block
Roofing
Comp Shingle
Parking
Carport
Cooling
Central A/C, Other
Heating
Other
Floors
Carpet, Ceramic Tile
Zoning
Duplex
Subdivision
Sierra Vista Park Plat 2
Community Amenities
No Pool
Electric
APS
Gas
SW Gas
Water
See Remarks
Sewer
Sewer - Public
Tenant Pays
Cable TV, Electric, Gas, Landscaping
New Financing
Conventional, FHA, Other (See Remarks), VA
Elementary School
Longfellow Elementary School
Middle School
Mesa Junior High School
High School
Mesa High School
School District
Mesa Unified District

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of HomeSmart.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved.