1150 N Wedgewood Circle Mesa, AZ 85203

This is no ordinary duplex; envision entering a spacious 1,600 sq ft home that features three bedrooms and two bathrooms, along with a separate 800 sq ft mother-in-law suite that includes two bedrooms and one bathroom. Each unit has its own private entrance, allowing you the flexibility to live in one while accommodating a family member in the other, or you can choose to rent out the entire property as a duplex.**This well-maintained property consists of two units, making it an ideal investment opportunity for those seeking a reliable income stream.

Unit A is a spacious apartment with 3 bedrooms and 2 bathrooms, covering a generous 1,600 square feet. It boasts a fireplace and a split floor plan that ensures optimal privacy and functionality. The apartment is currently rented for $1,650 per month. The air conditioning unit is regularly maintained, with the capacitor replaced in 2024. Additionally, the heater blower motor was replaced in 2023, a new hot water heater was installed in 2023, and a new refrigerator was added in 2019. In January 2021, the unit was repainted, and the carpets received a deep cleaning.

Unit B is a comfortable 2-bedroom, 1-bathroom apartment spanning 800 square feet and offering excellent living conditions. It is currently rented at $1,155 per month. Both units include fenced backyards for enhanced privacy. In 2023, the condenser motor and fan were replaced, and the AC blower motor was upgraded in 2021. This unit also boasts a newer hot water system.

The property is fully occupied by reliable, long-term tenants with leases, ensuring smooth management and a consistent revenue stream. There is no deferred maintenance, as the property is in excellent condition, thanks to the proactive efforts of the owners, who rely on tenants to promptly report any necessary repairs. Notably, in December 2024, the primary sewer line was replaced and is covered by a 10-year warranty. Situated in the heart of Mesa, this location offers residents the convenience of nearby amenities such as shopping centers, restaurants, schools, and parks. The property is well-connected to major highways and public transportation, providing easy access to the greater Phoenix metropolitan area.