1129 N WEDGEWOOD Circle, Mesa, AZ 85203

$540,000
Property Type: Multiple Dwellings Status: Active
Current Price: $540,000 Last Modified: 5/24/2026

Overview

Description

**SELLER FINANCING OPTION. ** Fantastic investment opportunity in Mesa! This well-maintained duplex sits on a desirable cul-de-sac lot, with the front unit A is currently occupied, offering immediate rental income. Each unit features a spacious 2-bedroom, 2-bathroom layout with detached interior laundry. Unit B, located at the rear, includes an expansive enclosed patio and additional paved parking with convenient alley access. Both units offer covered carport parking and includes a full roof replacement in 2018 and interior updates completed in 2020. With strong rental history and functional layouts, this property presents an excellent opportunity for investors or owner-occupants looking to offset their mortgage with income.

Listing Details MLS# 6986665

Location, Tax & Legal

House Number
1129
Compass
N
Street Name
WEDGEWOOD
St Suffix
Circle
City/Town Code
Mesa
State/Province
AZ
Zip Code
85203
Zip4
4785
Country
US
County Code
Maricopa
Subdivision
ENCHANTED VILLAGE
Assessor Number
137-32-270
Tax Year
2025
Assessor's Map #
32
Legal Description (Abbrev)
LOT 164 ENCHANTED VILLAGE MCR
Assessor's Parcel #
270
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
420901
Taxes
1005
Legal
LOT 164 ENCHANTED VILLAGE MCR
Marketing Name
Enchanted Village

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
7327
Year Built
1970
Uncvrd Parking Spcs
6
Total # of Units
2
# of Buildings
Yes
Zoning
[M-H] MULTI-FAM
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

Remarks Misc

Cross Street
E Brown Rd & N Home
Directions
Go west on E Brown Turn North on N Wedgewood Circle Destination is on the right

Legal Info

Township
1N
Range
5E
Section
14
Lot Number
164

Income Expenses

Gross Annual Sch Inc
51600
Net Operating Income
47300

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
2100
Avg SqFt
966
# Baths
2

Project Type

Duplex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Tile
Yes
Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Ins Exp
1299
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
2304
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
51600
Total Monthly Rental Income
4300

Pmt & Rate Info

Cap Rate
8.23
Equity
575000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

Supra
Yes

Community Features

No Pool
Yes

Heating

Natural Gas
Yes

Cooling

Ceiling Fan(s)
Yes

Exterior Amenities

Separate Storage
Yes

Interior Features

Fire/Smoke Alarm(s)
Yes
Vertical Blinds
Yes

Tenant Pays

Gas
Yes
Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Free-Standing Electric Oven
Yes
Refrigerator
Yes
W/D Hookup
Yes

Road Access Type

City Street
Yes

Road Surface Type

Concrete
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes
Attached Carport
Yes

Electric

SRP
Yes

Gas

City Gas
Yes

Owner Pays

None
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
Owner May Carry
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Duplex Construction: Wood Frame Const - Finish: Painted Roofing: Composition Floors: Tile; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Separate Storage Interior Features: Fire/Smoke Alarm(s); Vertical Blinds Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; W/D Hookup Heating: Natural Gas Cooling: Ceiling Fan(s) Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: City Gas Parking Features: >1 Space Per Unit; Attached Carport Road Access Type: City Street Road Surface Type: Concrete Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; Owner May Carry; 1031 Exchange Environmental: None
IDX
Listing Office: eXp Realty
Last Updated: May - 24 - 2026
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