702 W Pepper Place, Mesa, AZ 85201

$385,000
List Price
$385,000
Price Change
▼ $10,000 1626938914
Days on Market
41
Status
ACTIVE
MLS#
6251214
City
Mesa
Year Built
1955

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.

Additional Information

School District
004 - Mesa Unified District
Construction
Block, Frame - Wood
Cooling
Central A/C
Electric
City Electric
Exterior Amenities
Desert Landscaping, Fenced
Finish
Brick Trim/Veneer, Painted
Floors
Carpet, Concrete, Ceramic Tile
Gas
City Gas
Guest House SqFt
4
Heating
Gas
New Financing
1031 Exchange, VA, FHA, Conventional
Parking
>1 Space Per Unit, Paved Parking
Project Type
Duplex
Roofing
Comp Shingle
Sewer
Sewer - Public
Pool
Yes
Taxes
$615
Tenant Pays
Cable TV, Sewer, Water, Trash, Gas, Electric
Units
2
Water
City Franchise
Zoning
[RM-3] Resident

Mortgage Calculator

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Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Synchronicity Realty.

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