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28 N Horne

Mesa, AZ 85203
  • $369,900
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 6509288
UPDATED: 12 min ago
$369,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1953
County:
Area:

School Information

Elementary School:
Middle School:
High School:

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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Arizona Regional MLS logo© 2023 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 Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2023-02-02T20:22:15.447.
www.yournextphoenixhome.com/homes/136220165
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28 N Horne Mesa, AZ 85203

  • Price: $369,900
  • Status: Active
  • On Site: 13 Days
  • Updated: 12 min ago
  • MLS #: 6509288
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1953
Built
Neighborhood:
Sierra Vista Park Plat 2
County:
Maricopa
Area:
Mesa
Elementary School:
Longfellow Elementary School
Middle School:
Mesa Junior High School
High School:
Mesa High School
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!
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 2.00 Lot Size Dimensions 8349 Parking Carport Roads AsphaltGravel Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 696 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 696 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included DishwasherDisposalRefrigeratorW/D HookupWasher/Dryer Cooling Central A/COther Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic Tile Heating Other

Property Features

1 Bedroom Unit Avg Rent 1090.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 1090.00 2 Bedroom Units 1 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 26160.00 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Cross Street East Main Street And N Horne Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Sw Gas Gross Annual Sch Inc 26160.00 Hoa YN No Net Operating Income 26160.00 New Financing ConventionalFhaOther (See Remarks)Va Operating Exp 747.00 Other Income 0.00 Owner Pays SewerWater Project Type Duplex Sale Includes Other (See Remarks) Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Mesa Taxes 747.00 Tenant Pays Cable TvElectricGasLandscaping Vacancy Allowance 0.00 Water See Remarks Zoning Duplex

Arizona Regional MLS logo Listing provided by Homesmart: [IDXCONTACTINFORMATION] .


Arizona Regional MLS logo© 2023 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 Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2023-02-02T20:22:15.447.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E Baseline Rd
Mesa AZ, 85206