1150 N WEDGEWOOD Circle, Mesa, AZ 85203

$549,500
Property Type: Multiple Dwellings Status: Active
Current Price: $549,500 Last Modified: 5/15/2025

Description

Welcome to an exceptional property that redefines the duplex concept. This expansive 1,600 sq ft residence features three generous bedrooms and two bathrooms, making it an ideal sanctuary for various lifestyles. Alongside, you'll find an inviting 800 sq ft mother-in-law suite with two additional bedrooms and a bathroom. Each unit has its own private entrance, offering flexibility for multigenerational living, hosting guests, or renting for a potential income stream. Meticulously maintained, this property goes beyond a typical duplex; it's an adaptable investment opportunity. Whether you're seeking a home for your family, a space for friends, or a smart addition to your portfolio, this property presents endless possibilities. Don't miss out on this unique chance! No HOA!

Supplements: It boasts a fireplace and a split floor plan that ensures optimal privacy and functionality. The air conditioning unit is regularly maintained, with the capacitor replaced in 2024. Heater blower motor was replaced in 2023, a new hot water heater was installed in 2023, and a new refrigerator was added in 2019. In January 2021, the unit was repainted, and the carpets received a deep cleaning. Unit B is a comfortable 2 bed/1 bath apt currently rented for $1,155. Condenser motor and fan were replaced in 2023 and the AC blower motor was upgraded in 2021. This unit also includes a newer hot water system. No deferred maintenance, as the property is in excellent condition, thanks to the proactive efforts of the owners, who rely on tenants to promptly report any necessary repairs. Situated in the heart of Mesa, this location offers residents the convenience of nearby amenities such as shopping centers, restaurants, schools, and parks. The property is well-connected to major highways and public transportation, providing easy access to the greater Phoenix metropolitan area.

More Information MLS# 6842878

Contract Info

Current Price: $549,500 List Price: $549,500 Status: Active List Date: 2025-03-28 Ownership: Fee Simple

Location Tax Legal

House Number: 1150 Compass: N Street Name: WEDGEWOOD St Suffix: Circle City/Town Code: Mesa State/Province: AZ Zip Code: 85203 Zip4: 4788 Country: US County Code: Maricopa Subdivision: ENCHANTED VILLAGE Assessor Number: 137-32-267 Tax Year: 2024

General Property Description

Lot Size Dimensions: 138.12 x 113.27 x 20.90 x 2090 x 106.87 Year Built: 1970 Uncvrd Parking Spcs: 2 Total # of Units: 2 # of Buildings: 1 Zoning: Rental Res. Elementary School District: Mesa Unified District High School District: Mesa Unified District Elementary School: Ishikawa Elementary School Jr. High School: Stapley Junior High School High School: Mountain View High School

Remarks Misc

Cross Street: Brown Rd & Wedgewood Circle. Directions: I-60 West to Mesa Dr and go right, turn right onto Brown Rd, turn left onto Wedgewood Circle and property will be straight ahead. Geo Lat: 33.436459 Geo Lon: -111.817485

Status Change Info

Status Change Date: 2025-03-28

Legal Info

Township: 1N Range: 5E Section: 14 Lot Number: 161

Income Expenses

Gross Annual Sch Inc: 33660 Net Operating Income: 30073

Showing Notification Methods

Showing Service: No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units: 1 Avg Rent: 1155 Avg SqFt: 800 # Baths: 1

3 Bedrooms Units

# 3 Bedroom Units: 1 Avg Rent: 1650 Avg SqFt: 1600 # Baths: 2

Property Features

Project Type: Duplex Construction: Block Const - Finish: Painted Roofing: Built-Up Floors: Vinyl; Wood; Ceramic Tile; Carpet Sale Includes: Building(s) Only Community Features: No Pool Exterior Amenities: Fenced; Patio/Balcony Interior Amenities: Fire/Smoke Alarm(s); Breakfast Bar Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; W/D Hookup Heating: Heat Pump; 2 or More Units Cooling: Ceiling Fan(s); Heat Pump; 2 or More Units Water Source: City Franchise Sewer: Sewer-In & Connected Electric: SRP; City Electric Gas: SW Gas Parking Features: Carport; Add'l Parking Avail Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: May - 15 - 2025
1150 N WEDGEWOOD Circle, Mesa, AZ 85203- MLS# 6842878
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