1063 N July Circle, Mesa, AZ 85203
$575,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$575,000
Last Modified:
3/31/2026
Description
Prime Investment Opportunity! This fully remodeled duplex in North Mesa delivers an impressive 8% cap rate and multiple high-performing rental strategies. Situated on a quiet July Circle cul-de-sac, this property features two updated units designed for strong, consistent cash flow and minimal vacancy. Both units offer modern finishes, efficient layouts, and private backyard spaces--ideal for traditional long-term tenants, furnished mid-term rentals, traveling professionals, or even a pad-split configuration to maximize income. With ample parking and low-maintenance landscaping, this property is built for streamlined management and stable returns. A turnkey, high-yield asset--opportunities like this are rare! For an owner occupant ask us about the $5K grant available for this duplex!
More Information MLS# 7002732
Contract Info
Ownership: Fee Simple
Current Price: $575,000
List Price: $575,000
Status: Active
List Date: 2026-03-23
Location, Tax & Legal
Building Number: 1
Assessor's Map #: 32
Assessor's Parcel #: 223
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Taxes: 774.93
Legal: LOT 117 ENCHANTED VILLAGE MCR 010714
Marketing Name: Enchanted Village
House Number: 1063
Compass: N
Street Name: July
St Suffix: Circle
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 8989
County Code: Maricopa
Subdivision: Enchanted Village
Assessor Number: 137-32-223
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 6996
Flood Zone: No
Total # of Units: 2
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
Year Built: 1972
Zoning: residential
Project Type
Duplex: 1
Construction
Brick: 1
Const - Finish
Brick Veneer: 1
Roofing
Concrete: 1
Floors
Laminate: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 478
Annual Landscape Exp: 120
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1372.93
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 49020
Total Monthly Rental Income: 4300
Pmt & Rate Info
Cap Rate: 8.97
Equity: 575000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Non-MLS Showing Service - See Private Remarks
Lockbox Type
See Private Remarks: 1
Community Features
No Pool: 1
Heating
Central: 1
Cooling
Central Air: 1
Interior Features
Unfurnished: 1
Mini Blinds: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Built-In Range: 1
Road Access Type
Private Road: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Individual Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
None: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 0
Avg SqFt: 490
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 2500
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Brown Road & Horne
Directions: From University and Mesa Drive, turn left (north) onto N Mesa Dr and continue driving, turn left (west) onto E Brown Rd. from there turn right (north) onto N July Circle.
Geo Lat: 33.434938
Geo Lon: -111.8191
Legal Info
Lot Number: 117
Income Expenses
Gross Annual Sch Inc: 51600
Net Operating Income: 51600
Property Features
Project Type: Duplex
Construction: Brick
Const - Finish: Brick Veneer
Roofing: Concrete
Floors: Laminate
Sale Includes: Land & Building
Community Features: No Pool
Interior Features: Unfurnished; Mini Blinds
Appliances Included: Built-In Range; Refrigerator; Dishwasher
Heating: Central
Cooling: Central Air
Water Source: Individual Meter
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Carport
Road Access Type: Private Road
Road Surface Type: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV
Source of Fincl Data: Owner
Lockbox Type: See Private Remarks
New Financing: Cash; VA; FHA; Conventional; No Carry
Environmental: None
Listing Office:
Realty ONE Group
Last Updated: March - 31 - 2026
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