$575,000
Mesa, AZ 85203
MLS# 7002732
1 / 22
Property Description
Prime Investment Opportunity! This fully remodeled duplex in North Mesa delivers an impressive 8% cap rate and multiple high-performing rental strategies. Situated on a quiet July Circle cul-de-sac, this property features two updated units designed for strong, consistent cash flow and minimal vacancy. Both units offer modern finishes, efficient layouts, and private backyard spaces--ideal for traditional long-term tenants, furnished mid-term rentals, traveling professionals, or even a pad-split configuration to maximize income. With ample parking and low-maintenance landscaping, this property is built for streamlined management and stable returns. A turnkey, high-yield asset--opportunities like this are rare! For an owner occupant ask us about the $5K grant available for this duplex!
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $575,000
List Price: $575,000
Status: Active
List Date: 2026-03-23
Location, Tax & Legal
Building Number: 1
Assessor's Map #: 32
Assessor's Parcel #: 223
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Taxes: 774.93
Legal: LOT 117 ENCHANTED VILLAGE MCR 010714
Marketing Name: Enchanted Village
House Number: 1063
Compass: N
Street Name: July
St Suffix: Circle
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 8989
County Code: Maricopa
Subdivision: Enchanted Village
Assessor Number: 137-32-223
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 6996
Flood Zone: No
Total # of Units: 2
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Kerr Center for Agriscience
Jr. High School: Kino Junior High School
High School: Westwood High School
Year Built: 1972
Zoning: residential
Project Type
Duplex: 1
Construction
Brick: 1
Const - Finish
Brick Veneer: 1
Roofing
Concrete: 1
Floors
Laminate: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 478
Annual Landscape Exp: 120
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1372.93
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 49020
Total Monthly Rental Income: 4300
Pmt & Rate Info
Cap Rate: 8.97
Equity: 575000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Non-MLS Showing Service - See Private Remarks
Lockbox Type
See Private Remarks: 1
Community Features
No Pool: 1
Heating
Central: 1
Cooling
Central Air: 1
Interior Features
Unfurnished: 1
Mini Blinds: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Built-In Range: 1
Road Access Type
Private Road: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Individual Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
None: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 0
Avg SqFt: 490
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 2500
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Brown Road & Horne
Directions: From University and Mesa Drive, turn left (north) onto N Mesa Dr and continue driving, turn left (west) onto E Brown Rd. from there turn right (north) onto N July Circle.
Geo Lat: 33.434938
Geo Lon: -111.8191
Legal Info
Lot Number: 117
Income Expenses
Gross Annual Sch Inc: 51600
Net Operating Income: 51600
Property Features
Project Type: Duplex
Construction: Brick
Const - Finish: Brick Veneer
Roofing: Concrete
Floors: Laminate
Sale Includes: Land & Building
Community Features: No Pool
Interior Features: Unfurnished; Mini Blinds
Appliances Included: Built-In Range; Refrigerator; Dishwasher
Heating: Central
Cooling: Central Air
Water Source: Individual Meter
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Carport
Road Access Type: Private Road
Road Surface Type: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV
Source of Fincl Data: Owner
Lockbox Type: See Private Remarks
New Financing: Cash; VA; FHA; Conventional; No Carry
Environmental: None
Listing Office: Realty ONE Group
Last Updated: April - 19 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
You must be logged in to post a comment.