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!
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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
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