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120 S LEBARON 1, Mesa, AZ 85210

Overview
Description
Supplements: ... (Read more) The front residence is a very large 3-bedroom, 1-bathroom home with an inviting layout and generous living space. The oversized floor plan provides excellent functionality for a family or long-term tenant seeking more room than a typical duplex unit.The rear residence is a large, open-concept studio with a cozy fireplace, creating a warm and distinctive living environment. Its spacious design offers flexibility and a character that sets it apart from traditional studio units.Property Highlights Duplex | 2 separate residences Front Unit: Very large 3-bedroom / 1.5-bathroom $1,750 currently rented Rear Unit: Spacious open-concept studio with fireplace $1,000 currently rented Private backyard for each unit Washer & dryer in each unit Unique layouts with strong tenant appeal Excellent opportunity for an owner-occupant or investor Potential for strong rental demand and income diversification Separately usable outdoor spaces enhance privacy and livability Investment OpportunityTwo on LeBaron offers investors the opportunity to own a well-positioned, income-producing duplex with two distinctly appealing residences. The combination of a large 3-bedroom home and a spacious studio creates a diversified rental profile, while the private yards and in-unit laundry provide amenities that are highly desirable to today's tenants.The property also presents an attractive house-hacking opportunity, allowing an owner to live in one unit while generating rental income from the other.With its combination of space, privacy, character, and functional amenities, Two on LeBaron is an excellent opportunity for investors seeking a smaller multifamily asset with multiple potential strategies for maximizing value and long-term returns.
Listing Details MLS# 7084014
Location, Tax & Legal
- House Number
- 120
- Compass
- S
- Street Name
- LEBARON
- St Suffix
- --
- City/Town Code
- Mesa
- State/Province
- AZ
- Zip Code
- 85210
- Zip4
- 1320
- Country
- US
- County Code
- Maricopa
- Subdivision
- MESA ARIZONA
- Assessor Number
- 138-53-033-B
- Tax Year
- 2025
- Unit #
- Yes
- Assessor's Map #
- 53
- Legal Description (Abbrev)
- MESA MCR 183-50 LOT 6 BLK 23 TH S 50F OF N 230F OF E 15OF TH/OF EX W 41F
- Assessor's Parcel #
- 33
- Assessor Parcel Ltr
- B
- Add'l Parcels
- No
- Tax Municipality
- Mesa
- Census Tract
- 421400
- Taxes
- 1206
- Legal
- MESA MCR 183-50 LOT 6 BLK 23 TH S 50F OF N 230F OF E 15OF TH/OF EX W 41F
- Marketing Name
- Two at Lebaron
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 5,250
- Year Built
- 1955
- Uncvrd Parking Spcs
- 4
- Total # of Units
- 2
- # of Buildings
- Yes
- Zoning
- r-3
- Flood Zone
- No
- Elementary School District
- Mesa Unified District
- High School District
- Mesa Unified District
Legal Info
- Township
- 1N
- Range
- 5E
- Section
- 22
- Lot Number
- 6
Efficiency Units
- # Efficiency Units
- Yes
- Avg Rent
- 1000
- Avg SqFt
- 600
- # Baths
- Yes
More Information
3 Bedrooms Units
- # 3 Bedroom Units
- Yes
- Avg Rent
- 1750
- Avg SqFt
- 1178
- # Baths
- 15
Structure
- Bedrooms Total
- 4
- Bathrooms Total
- 16
Income Expenses
- Gross Annual Sch Inc
- 33000
- Net Operating Income
- 25294
Showing Notification Methods
- Showing Service
- Aligned Showings
Project Type
- Duplex
- Yes
1 Bedroom Units
- Avg Rent
- 0
2 Bedroom Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Other Type
- Other (See Remarks)
- Yes
Construction
- Block
- Yes
Const - Finish
- Other (See Remarks)
- Yes
Roofing
- Composition
- Yes
Floors
- Laminate
- Yes
- Tile
- Yes
Sale Includes
- Other (See Remarks)
- Yes
Income & Expenses
- Annual Gas Exp
- 0
- Annual Ins Exp
- 1800
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 1200
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 1500
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 1000
- Annual Wtr/Swr Exp
- 1000
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Operating Exp
- 7706
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 33000
- Total Monthly Rental Income
- 2750
Pmt & Rate Info
- Cap Rate
- 5.75
- Equity
- 439900
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- None
- Yes
Community Features
- Other
- Yes
Heating
- Central
- Yes
- Window/Wall Unit(s)
- Yes
- See Remarks
- Yes
Cooling
- None
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Refrigerator
- Yes
- W/D Hookup
- Yes
Road Surface Type
- Concrete
- Yes
Source of Fincl Data
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Other
- Yes
Electric
- SRP
- Yes
Gas
- Other (See Remarks)
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- Cash
- Yes
- VA
- Yes
- Conventional
- Yes
- FHA
- Yes
- 1031 Exchange
- Yes
Reports/Disclosures
- Other (See Remarks)
- Yes
Environmental
- None
- Yes