1063 N July Circle, Mesa, AZ 85203

$575,000

This carport could easily be made into a garage.

Property Type: Multiple Dwellings Status: Active

Current Price: $575,000 Last Modified: 6/01/2026

Overview

Description

Prime Investment Opportunity! This fully remodeled duplex in North Mesa delivers an impressive 8% cap rate and multiple high-performing rental strategies. Situated on a quiet July Circle cul-de-sac, this property features two updated units designed for strong, consistent cash flow and minimal vacancy. Both units offer modern finishes, efficient layouts, and private backyard spaces--ideal for traditional long-term tenants, furnished mid-term rentals, traveling professionals, or even a pad-split configuration to maximize income. With ample parking and low-maintenance landscaping, this property is built for streamlined management and stable returns. A turnkey, high-yield asset--opportunities like this are rare! For an owner occupant ask us about the $5K grant available for this duplex!

Supplements: This building is by far the best looking building in the neighborhood with endless possibilities.

Listing Details MLS# 7002732

Location, Tax & Legal

House Number: 1063
Compass: N
Street Name: July
St Suffix: Circle
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 8989
Country: US
County Code: Maricopa
Subdivision: Enchanted Village
Assessor Number: 137-32-223
Tax Year: 2025
Building Number: Yes
Assessor's Map #: 32
Assessor's Parcel #: 223
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Taxes: 774.93
Legal: LOT 117 ENCHANTED VILLAGE MCR 010714
Marketing Name: Enchanted Village

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 6996
Year Built: 1972
Total # of Units: 2
# of Buildings: Yes
Zoning: residential
Flood Zone: No
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Kerr Center for Agriscience
Jr. High School: Kino Junior High School
High School: Westwood High School
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: Brown Road & Horne
Directions: From University and Mesa Drive, turn left (north) onto N Mesa Dr and continue driving, turn left (west) onto E Brown Rd. from there turn right (north) onto N July Circle.

Legal Info

Lot Number: 117

Income Expenses

Gross Annual Sch Inc: 51600
Net Operating Income: 51600

More Information

Showing Notification Methods

Showing Service: Non-MLS Showing Service - See Private Remarks

1 Bedroom Units

# 1 Bedroom Units: Yes
Avg SqFt: 490
# Baths: Yes
Avg Rent: 0

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 2500
# Baths: 2

Project Type

Duplex: Yes

Construction

Brick: Yes

Const - Finish

Brick Veneer: Yes

Roofing

Concrete: Yes

Floors

Laminate: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Ins Exp: 478
Annual Landscape Exp: 120
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1372.93
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 49020
Total Monthly Rental Income: 4300

Pmt & Rate Info

Cap Rate: 8.97
Equity: 575000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

See Private Remarks: Yes

Community Features

No Pool: Yes

Heating

Central: Yes

Cooling

Central Air: Yes

Interior Features

Unfurnished: Yes
Mini Blinds: Yes

Tenant Pays

Gas: Yes
Water: Yes
Sewer: Yes
Electricity: Yes
Trash Collection: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Refrigerator: Yes
Built-In Range: Yes

Road Access Type

Private Road: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

Individual Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes

Electric

SRP: Yes

Gas

SW Gas: Yes

Owner Pays

None: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
No Carry: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Duplex Construction: Brick Const - Finish: Brick Veneer Roofing: Concrete Floors: Laminate Sale Includes: Land & Building Community Features: No Pool Interior Features: Unfurnished; Mini Blinds Appliances Included: Built-In Range; Refrigerator; Dishwasher Heating: Central Cooling: Central Air Water Source: Individual Meter Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Carport Road Access Type: Private Road Road Surface Type: Asphalt Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner Lockbox Type: See Private Remarks New Financing: Cash; VA; FHA; Conventional; No Carry Environmental: None

Listing Office: Realty ONE Group

Last Updated: June - 01 - 2026