401 S 97TH Way, Mesa, AZ 85208 (MLS# 7065861)

401 S 97TH Way, Mesa, AZ 85208

$569,900

Property Type: Multiple Dwellings Bedrooms: 6 Baths: 4 Status: Active

Current Price: $569,900 Last Modified: 9/02/2026

Overview

Description

Turnkey Duplex Investment Opportunity in Mesa! Don't miss this rare chance to own a brand-new duplex near Crismon and Broadway, one of Mesa's most convenient corridors. With 2,496 total square feet on an oversized R-5 lot, this property is built for strong returns and effortless living. Each side offers a spacious 3 bedroom, 2 bath layout with soaring high ceilings and an open floorplan that lives large. Upgraded finishes throughout give both units a modern, move-in-ready feel that supports premium rents. One side is already occupied by a great, reliable tenant -- instant cash flow from day one. Live in one unit and let the tenant on the other side help cover your mortgage, or hold both sides as a fully rented investment property. Either way, you're getting new construction with minimal

Listing Details MLS# 7065861

Location, Tax & Legal

House Number: 401
Compass: S
Street Name: 97TH
St Suffix: Way
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85208
Zip4: 2535
Country: US
County Code: Maricopa
Subdivision: GOLDEN CREST TERRACE
Assessor Number: 220-70-329
Tax Year: 2025
Assessor's Map #: 70
Legal Description (Abbrev): LOT 36 GOLDEN CREST TERRACE MCR 012136
Assessor's Parcel #: 329
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 422630
Taxes: 360
Legal: LOT 36 GOLDEN CREST TERRACE MCR 012136
Marketing Name: Golden Crest Terrace

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 105 x 65
Year Built: 1974
Uncvrd Parking Spcs: 4
Total # of Units: 2
# of Buildings: Yes
Zoning: R5
Flood Zone: No
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Stevenson Elementary School
Jr. High School: Smith Junior High School
High School: Skyline High School

Remarks Misc

Cross Street: Broadway & 97th Way
Directions: West on Broadway from Crismon. Located at SE corner of 97th way and Broadway.

Legal Info

Township: 1N
Range: 7E
Section: 27
Lot Number: 36

3 Bedrooms Units

# 3 Bedroom Units: 2
Avg Rent: 1900
Avg SqFt: 1248
# Baths: 2

More Information

Structure

Bedrooms Total: 6
Bathrooms Total: 4

Income Expenses

Gross Annual Sch Inc: 45600
Net Operating Income: 45600

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Phone Call: Yes

Project Type

Duplex: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Wood Frame: Yes

Const - Finish

Stucco: Yes

Roofing

Composition: Yes

Floors

Laminate: Yes
Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 360
Other Income: 0
Vacancy Allowance: 0.08
Adjusted Gross Inc: 41952
Total Monthly Rental Income: 3800

Pmt & Rate Info

Cap Rate: 8
Equity: 569900
Down Payment %: 5
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Supra: Yes

Community Features

No Pool: Yes

Heating

Central: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Tenant Pays

Electricity: Yes
Trash Collection: Yes
Cable TV: Yes
Landscaping: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Free-Standing Electric Oven: Yes
Microwave: Yes
Refrigerator: Yes
W/D Hookup: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes

Sewer

Septic Tank: Yes
Septic-In & Connected: Yes

Parking Features

>1 Space Per Unit: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

Water: Yes

New Financing

Cash: Yes
Conventional: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Project Type: Duplex Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Laminate; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup Heating: Central Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Septic Tank; Septic-In & Connected Electric: SRP Gas: None Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water Tenant Pays: Electricity; Trash Collection; Cable TV; Landscaping Source of Fincl Data: Owner Showing Notification Methods: Text; Phone Call Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Environmental: None

Listing Office: H&M Arizona Real Estate Brokerage, LLC

Last Updated: September - 02 - 2026