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    702 W Pepper Place

    Mesa, AZ 85201
    • $385,000
    • STATUS: Active
    • ID#: 6251214
    Price Reduced
    UPDATED: 62 min ago
    $385,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1955
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Great investment opportunity!! 2 separate homes on same lot, separate meters. Front home is 3bed/1bath 1021 sqft, newer kitchen cabinets, flooring, well maintained. NEW AC UNIT!! Front home has fenced backyard. Back home is 1bed/1bath 500 sqft, good condition. Nice sized lot, lots of parking space, NO HOA. Highly desirable area located in Mesa historic district near schools, shopping, new ASU campus, downtown Mesa and light rail. Townhomes/Condos are being built on this street. Check out the information provided under the documents tab. Investors can expect to walk into a cap rate over 6%. Remodeled homes in this area are selling for $335/sqft or up to $1700/month for rent. Mesa is investing millions to re-invent Mesa. Contact the listing agent for questions or to schedule a showing!Go to mesaaz.gov and review the invest in downtown under the business tab to review the money and great ideas being invested to re-invent the city.

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    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Luxury Group - Realty Executives Arizona Properties. Data last updated 2021-08-02T08:40:38.683.
    www.luxurygroupaz.com/homes/118694770
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    702 W Pepper Place Mesa, AZ 85201

    • Price: $385,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: 6251214
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1955
    Built
    County:
    Maricopa
    Area:
    Mesa
    School District:
    004 - Mesa Unified District
    Property Description
    Great investment opportunity!! 2 separate homes on same lot, separate meters. Front home is 3bed/1bath 1021 sqft, newer kitchen cabinets, flooring, well maintained. NEW AC UNIT!! Front home has fenced backyard. Back home is 1bed/1bath 500 sqft, good condition. Nice sized lot, lots of parking space, NO HOA. Highly desirable area located in Mesa historic district near schools, shopping, new ASU campus, downtown Mesa and light rail. Townhomes/Condos are being built on this street. Check out the information provided under the documents tab. Investors can expect to walk into a cap rate over 6%. Remodeled homes in this area are selling for $335/sqft or up to $1700/month for rent. Mesa is investing millions to re-invent Mesa. Contact the listing agent for questions or to schedule a showing!Go to mesaaz.gov and review the invest in downtown under the business tab to review the money and great ideas being invested to re-invent the city.
    Exterior Features

    Construction BlockFrame - Wood Construction Finish Brick Trim/VeneerPainted Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingFenced Lot Size Dimensions 7841 Square Feet Parking >1 Space Per UnitPaved Parking Roads AsphaltSidewalk(S) Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 500 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 1021 3 Bedroom Unit Baths 1 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Bi Oven/RangeW/D HookupRefrigeratorDisposal Cooling Central A/C Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetConcreteCeramic Tile Heating Natural Gas

    Property Features

    1 Bedroom Unit Avg Rent 1000.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 1400.00 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 30200.00 Annual Ins Exp 900.00 Annual Maint Exp 900.00 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Cross Street Main St And Extension Rd Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric City Electric Gas City Gas Gross Annual Sch Inc 30200.00 Hoa YN No Net Operating Income 27785.00 New Financing 1031 ExchangeVaFhaConventional Operating Exp 2415.00 Other Income 0.00 Other Type House + Rental Units Owner Pays None Project Type Duplex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Mesa Taxes 615.00 Tenant Pays Cable TvSewerWaterTrashGasElectric Vacancy Allowance 0.00 Water City Franchise Zoning [Rm-3] Resident

    Listing courtesy of Synchronicity Realty.


    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Luxury Group - Realty Executives Arizona Properties. Data last updated 2021-08-02T08:40:38.683.
     
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    Luxury Group - Realty Executives Arizona Properties
    6760 N Oracle Rd Suite 130
    Tucson AZ, 85704