864 S LEWIS, Mesa, AZ 85210
$520,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$520,000
Last Modified:
5/15/2025
Description
Now offering $2500 in buyer credits plus a $7500 grant from Chase bank! Both units are currently rented BUT the tenants are month-to-month so a buyer can live in one unit and rent the other unit! Rents are currently at $1750 and $1500 and both units are totally remodeled, newer flooring, appliances, cabinets, new paint and ready to go! The property comes with 2 parking spaces and the income potential is unlimited. Each unit features a spacious layout with modern finishes, making them highly desirable for tenants or an owner-occupant. The updated kitchens and bathrooms add to the home's appeal, and the low-maintenance yard enhances convenience. With no long-term lease commitments, this is a perfect opportunity for house hacking or maximizing rental income. Cap rate is 6.8%!!
More Information MLS# 6826959
Contract Info
Current Price: $520,000
List Price: $520,000
Status: Active
List Date: 2025-02-26
Ownership: Fee Simple
Location Tax Legal
House Number: 864
Compass: S
Street Name: LEWIS
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 3754
Country: US
County Code: Maricopa
Subdivision: RESUB OF PT WESTERN HOMESITES ADD 2
Assessor Number: 139-33-140
Tax Year: 2024
General Property Description
Lot Size Dimensions: 7566
Year Built: 1963
Total # of Units: 2
# of Buildings: 1
Zoning: R-2
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Lincoln Elementary School
High School: Mesa High School
Remarks Misc
Cross Street: Southern & Center
Directions: Head south on S Country Club Drive (AZ-87 S). Turn left onto W 8th Ave, then turn right onto S Lewis. The destination on the left. Or use GPS and it takes you right there.
Geo Lat: 33.398819
Geo Lon: -111.830214
Status Change Info
Status Change Date: 2025-02-26
Legal Info
Township: 1N
Range: 5E
Section: 27
Lot Number: 186
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1500
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1750
Avg SqFt: 895
# Baths: 1
Property Features
Project Type: Duplex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Concrete; Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced; Separate Storage
Appliances Included: Free-Standing Range; Microwave
Heating: Individual
Cooling: Electric; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: On Street; 1 Space/Unit
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Trash Collection
Source of Fincl Data: Owner
Lockbox Type: Combo; See Private Remarks
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; Owner May Carry
Environmental: None
Listing Office: Realty ONE Group
Last Updated: May - 15 - 2025
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