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Sold on 10/21/2021

702 W Pepper Pl, Mesa, AZ 85201

$365,000

Last sold 10/21/2021 after 128 Days

  • 4

    bed

  • 3

    bath

Multi-family not for sale
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About 702 W Pepper Pl

Property type Multi-family
Neighborhood
Year built 1955
HOA fee $0/month
Property description
Great investment opportunity!! 2 separate homes on same lot, separate meters. Front home is 3bed/1bath 1021 sqft, newer kitchen cabinets, flooring, well maintained. NEW AC UNIT!! Front home has fenced backyard. Back home is 1bed/1bath 500 sqft, good condition. Nice sized lot, lots of parking space, NO HOA. Highly desirable area located in Mesa historic district near schools, shopping, new ASU campus, downtown Mesa and light rail. Townhomes/Condos are being built on this street. Check out the information provided under the documents tab. Investors can expect to walk into a cap rate over 6%. Remodeled homes in this area are selling for $335/sqft or up to $1700/month for rent. Mesa is investing millions to re-invent Mesa.
Listed by
Listing Agent - Sarah J Mazzone
Listing Office - Synchronicity Realty
Source: ARMLS mls logo
MLS#6251214 • last updated 1 year ago
Movoto checked ARMLS for data 3 minutes ago
Overview
Cooling/AC Central Air
Heating Natural Gas
MLS # 6251214
Type Multiple Dwellings
Status Closed
Property Tax 615
Year Built 1955
Interior
Flooring Carpet, Ceramic Tile, Concrete
Appliances Built-In Range, Disposal, Refrigerator, W/D Hookup
Exterior
Roof Composition
Construction Brick Veneer, Wood Frame, Painted, Block
Parking Paved, >1 Space Per Unit
# of Open Parking Spaces 4
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Elementary School District Mesa Unified District
High School District Mesa Unified District
APN 135-57-118
Zoning [RM-3] Resident
Directions From Main St, Head North On Extension And Take A Right Onto Pepper Pl, Head East And The Home Is 10 Homes Down On The Left Hand Side.
Multifamily Details
Total # of Units 2
Expense: Operating 2415
Financial Data Source Projected Proforma
Expense: Maintenance 900
Expense: Insurance 900
Net Operating Income 27785
Gross Income 30200
Gross Scheduled Income 30200
We are not permitted to show value estimates for this property.
  • Feb 2024
    Public Records
  • Feb 2, 2024 Sold
    $381,488 (+4.5%)
  • Oct 2021
    Public Records
  • Oct 20, 2021 Sold
    $365,000 (-5.2%)
  • Oct 2021
    mls logo MLS # 6251214
  • Oct 20, 2021 Sold
    $385,000
  • Jul 29, 2021 Listed
    —
  • Jul 28, 2021 Pending
    —
  • Jul 21, 2021 Listed
    $385,000
  • Jul 1, 2021 Listed
    $395,000 (-2.5%)
  • Jun 24, 2021 Listed
    $425,000
  • Jul 2021
    mls logo MLS # 6254325
  • Jul 13, 2021 Listed
    $385,000 (-2.5%)
  • Jul 9, 2021 Listed
    $395,000
  • Jun 28, 2021 Price Change
    $405,000 (-4.7%)
  • Jun 22, 2021 Listed
    $425,000 (+165.6%)
  • Aug 2017
    Public Records
  • Aug 28, 2017 Sold
    $160,000
  • Year Property taxes Tax assessment
  • 2024
    $726 -0.8%
    $27,970 -6.39%
  • 2023
    $732 +20.5%
    $29,880 +20.1%
  • 2022
    $607 -2.7%
    $24,880 +29.05%
  • 2021
    $624 +1.4%
    $19,280 +12.88%
  • 2020
    $615 +8.0%
    $17,080 +4.66%
  • 2019
    $570 +4.7%
    $16,320 +13.97%
  • 2018
    $544 -12.6%
    $14,320 +32.59%
  • 2017
    $623 +1.9%
    $10,800 +26.91%
  • 2016
    $611 +6.4%
    $8,510
  • 2015
    $574
    —
  • 702 W Pepper Pl
    $365K
  • C.A.N.D.O.
    $382K +47% y/y
  • 85201
    $348K -4% y/y
  • Mesa
    $485K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
Emerson Elementary School
public Grades PK, K-6
Mesa Unified School District
6/10
Franklin West Elementary School
public Grades PK, K-6
Mesa Unified School District
8/10
Franklin Elementary School
public Grades PK, K-6
Mesa Unified School District
2/10
Carson Junior High School
public Grades 7-8
Mesa Unified School District
3/10
Westwood High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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