1121 N WEDGEWOOD Circle, Mesa, AZ 85203 (MLS# 7020101)

1121 N WEDGEWOOD Circle, Mesa, AZ 85203

$510,000

Property Type: Multiple Dwellings Status: Active

Current Price: $510,000 List Date: 4/27/2026 Last Modified: 6/27/2026

Overview

Description

Investor Special in Mesa! Exceptional Duplex Opportunity with Built-In Income Potential! Rare chance to own a cash-flowing multi-family property featuring two spacious 980 sq. ft. units, each with 2 bedrooms, 1.75 baths, private backyards, and separate utility rooms with washer/dryer. Tenant-friendly features support strong rental appeal and long-term retention. Ideal for investors seeking dual income streams, portfolio growth, or value-add upside. Opportunities to acquire a duplex with this combination of layout, amenities, and income potential are hard to find. Add this high-demand Mesa investment to your portfolio before it's gone! New ACs, both units less than four years old. A new roof 4 1/2 years ago Tenant are month-to-month will go or stay.

Listing Details MLS# 7020101

Location, Tax & Legal

House Number: 1121
Compass: N
Street Name: WEDGEWOOD
St Suffix: Circle
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 4776
Country: US
County Code: Maricopa
Subdivision: ENCHANTED VILLAGE
Assessor Number: 137-32-271
Tax Year: 2025
Assessor's Map #: 32
Legal Description (Abbrev): LOT 165 ENCHANTED VILLAGE MCR 010714
Assessor's Parcel #: 271
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420901
Taxes: 968
Legal: LOT 165 ENCHANTED VILLAGE MCR 010714
Marketing Name: DuPLEX

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 8403
Year Built: 1969
Uncvrd Parking Spcs: 4
Total # of Units: 2
# of Buildings: Yes
Zoning: RES
Flood Zone: No
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Eisenhower Center For Innovation
Jr. High School: Kino Junior High School
High School: Westwood High School

Remarks Misc

Cross Street: MESA DR/BROWN
Directions: East on Brown, North on Wedgewood. Property on Right in cul-de-sac.

Legal Info

Township: 1N
Range: 5E
Section: 14
Lot Number: 165

Income Expenses

Gross Annual Sch Inc: 38400
Net Operating Income: 25433.63

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: 1700
Avg SqFt: 980
# Baths: 4

Project Type

Duplex: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes
Brick Veneer: Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 968
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 36480
Total Monthly Rental Income: 3200

Pmt & Rate Info

Cap Rate: 4.84
Down Payment: 0
Equity: 525000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Lockbox Type

See Private Remarks: Yes
None: Yes

Community Features

No Pool: Yes

Heating

Natural Gas: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Exterior Amenities

Curb(s) & Gutter(s): Yes
Sidewalk(s): Yes

Tenant Pays

Gas: Yes
Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Refrigerator: Yes
Washer/Dryer: Yes

Road Surface Type

Concrete: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
>1 Space Per Unit: Yes

Electric

City Electric: Yes

Gas

City Gas: Yes

Owner Pays

Water: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes

Existing 1st Loan

Conventional: Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Other (See Remarks): Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Other (See Remarks): Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: 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: Block Const - Finish: Painted; Brick Veneer Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Curb(s) & Gutter(s); Sidewalk(s) Appliances Included: Refrigerator; Dishwasher; Washer/Dryer Heating: Natural Gas Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: City Electric Gas: City Gas Parking Features: Carport; >1 Space Per Unit Road Surface Type: Concrete Owner Pays: Water Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: See Private Remarks; None Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; FHA; Conventional Environmental: None

Listing Office: Rosewood Realty LLC

Last Updated: June - 27 - 2026