1728 E Pepper Circle, Mesa, AZ 85203 (MLS# 6923003)

1728 E Pepper Circle, Mesa, AZ 85203

$747,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $747,000 Last Modified: 11/12/2025

Overview

Description

ABI Multifamily is pleased to present 1728 E Pepper Cir, a 4-plex in the heart of Mesa that features four spacious 2-bed/1-bath units (~940 SF each) with unique townhome-style layouts (main floor & upstairs in each unit). Built in 1984, the property has been upgraded as needed & well-maintained, but still offers value-add potential in completing interior upgrades in some of the units. Each unit includes private backyards, individual storage units, & in-unit laundry hookups. Two units have balconies. The property has new exterior paint ('25), landscaping ('25), & a new roof ('24). Located less than 3 miles from both Downtown Mesa & Hwy 60, this property combines convenience with upside. One unit is currently vacant, allowing flexibility for both investors & owner-occupant buyers.

Listing Details MLS# 6923003

Location, Tax & Legal

House Number: 1728
Compass: E
Street Name: Pepper
St Suffix: Circle
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Country: US
County Code: Maricopa
Assessor Number: 138-69-112
Tax Year: 2024
Assessor's Map #: 69
Assessor's Parcel #: 112
Add'l Parcels: No
Tax Municipality: Mesa
Taxes: 1065
Legal: LOT 6 PARADISE ESTATES OF MESA LOTS 1 THROUGH 18 TR ACT MCR 025101
Marketing Name: 1728 E Pepper Cir

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 60' x 115'
Year Built: 1984
Uncvrd Parking Spcs: 6
Total # of Units: 4
# of Buildings: Yes
Zoning: RM-4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District

Remarks Misc

Cross Street: GILBERT & MAIN

Status Change Info

Off Market Date: 2025-11-12
Under Contract Date: 2025-10-01
Close of Escrow Date: 2025-11-10

Legal Info

Lot Number: 06

More Information

Income Expenses

Gross Annual Sch Inc: 65940
Net Operating Income: 48097

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Email: Yes
Phone Call: Yes

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1400
Avg SqFt: 940
# Baths: Yes

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 3500
Seller Concession $/%: $
Buyer Concession to Seller: 0

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Foam: Yes
Rolled: Yes

Floors

Vinyl: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1514
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 4250
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 6829
Other Income: 0
Vacancy Allowance: 5
Adjusted Gross Inc: 263760
Total Monthly Rental Income: 5495

Pmt & Rate Info

Cap Rate: 6.09
Down Payment: 0
Equity: 790000
Down Payment %: 0
Monthly Payments: 0
3rd Payment Freq: None
Total Owed: 0
Assessment Balance: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Heat Pump: Yes
Electric: Yes
Individual: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes
Heat Pump: Yes
Individual: Yes

Exterior Amenities

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

Interior Features

Unfurnished: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Disposal: Yes
Refrigerator: Yes
Free-Standing Range: Yes
W/D Hookup: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

On Street: Yes
>1 Space Per Unit: Yes
Paved: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
1031 Exchange: Yes

Existing 1st Loan

Conventional: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: 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: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Foam; Rolled Floors: Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Curb(s) & Gutter(s); Sidewalk(s) Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Disposal; W/D Hookup Heating: Individual; Heat Pump Cooling: Ceiling Fan(s); Electric; Heat Pump; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: On Street; >1 Space Per Unit; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None

Listing Office: ABI Multifamily

Last Updated: November - 12 - 2025