1144 N Wedgewood Circle, Mesa, AZ 85203
- $550,000
- 4
- BD
- 4
- BA
- List Price
- $550,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 7102626
- City
- Mesa
- Bedrooms
- 4
- Bathrooms
- 4
- Year Built
- 1970
Property Description
TWO HOMES. ONE SMART INVESTMENT! Excellent opportunity to own an updated, single-level Mesa duplex on a generous 10,313 SF lot. Whether you're looking to expand your investment portfolio, generate rental income from both units, or live in one while the other helps offset your mortgage, this property offers plenty of possibilities. Each unit offers 765 SF with 2 bedrooms, 2 baths, an attached carport, an additional parking space, and a long driveway. One unit is currently tenant-occupied, providing immediate rental income, while the other is vacant and beautifully updated. The refreshed unit is bright and airy, showcasing a gorgeous kitchen with espresso-toned cabinetry, quartz countertops, brand-new stainless steel appliances, and a subway tile backsplash. Natural wood-look laminate flooring runs throughout, creating a warm, contemporary feel. The primary bathroom features a dual vanity, updated fixtures and mirrors, and a stunning ocean-blue tiled walk-in shower with dual showerheads. The second full bath includes a bathtub with designer tile in the tub surround and flooring. Additional features include an indoor laundry room with washer and dryer included, along with a brand-new water heater. The tenant-occupied unit, a mirror of the updated floor plan, offers an opportunity for future improvements and added value. With two separate living spaces, convenient parking, and the flexibility to generate income from one or both units, this property presents an appealing opportunity for both new and experienced investors. One property, two income-producing possibilities, and room to build long-term value!
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Additional Information
- Taxes
- $1,101
- Net Operating Income
- $31,806
- Cap Rate
- 5.78
- Units
- 2
- Parking Features
- Paved, Carport, >1 Space Per Unit, Attached Carport, Off Street
- Construction
- Block, Painted
- Roofing
- Composition
- Cooling
- Central Air, Ceiling Fan(s)
- Heating
- Electric
- Zoning
- Multi-Family
- Exterior Features
- Sidewalk(s)
- Subdivision
- Enchanted Village
- Community Features
- Other
- Electric
- City Electric, Individual Meter
- Water
- Individual Meter
- Sewer
- Public Sewer, Sewer-In & Connected
- Tenant Pays
- Water, Sewer, Electricity, Gas, Trash Collection, Cable TV, Landscaping
- New Financing
- VA Loan, FHA, Conventional, Cash
- Elementary School
- Kerr Center for Agriscience
- Middle School
- Kino Junior High School
- High School
- Westwood High School
Courtesy of AZ Flat Fee. 480-771-1511
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