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Image 1 - 1853 East Berry Circle, Mesa, AZ 85204, USA - Duplex for sale

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Other (See Remarks)

1853 East Berry Circle, Mesa, AZ 85204, USA

Other (See Remarks)

duplex for sale

15 views

Listed: 02/13/23

1853 East Berry Circle, Mesa, AZ 85204, USA

Studio Bed:

1 Bath:

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Price

$ 1,4M

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About This Duplex

Opportunity knocks! Check out this package of 4 single family homes. All are 3 bed, 2 bath homes on nice sized lots. Three of them are located in the same neighborhood and the fourth is just a half a mile away. This is a value-add opportunity. All tenants are currently month to month and rents have not been raised in approximately 3 years. Current cap rate is 3.92% with average rent of $1500 which is well below market. Raise rents to $1850 (still below market) and cap rate goes to 5.02% (see documents tab). Tenants pay all utils! This is a great investment package with a lot of flexibility due to separate parcels. No showings or inspections without an accepted offer. Do not disturb tenants. Drive-by Only. 1848 & 1855 E Berry Circle, 1841 EJarvis Avenue and2307 E3rd Drive Mesa, AZ 85204.

Property Includes

Parking
Roof Composition Shingle

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Fuller Ranch Housing & Living

Household Income

Median household income: $58,247

Number of households: 185,509

The average household income in Mesa, AZ grew from $55,014 to $58,247 in the past year. This data is an estimate based upon 185,509 households in Mesa, AZ.
The chart below presents how household income is distributed in Mesa, AZ in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Mesa, AZ compared to median property taxes around the country. The prevalent amount of property taxes in Mesa, AZ equals $800-$1,500 , which is more than the national average.