408 E 3RD Street, Mesa, AZ 85203 (MLS# 6954952)

408 E 3RD Street, Mesa, AZ 85203

$359,000

Property Type: Multiple Dwellings Status: UCB (Under Contract-Backups)

Current Price: $359,000 Last Modified: 12/18/2025

Description

Great opportunity! This charming duplex offers the perfect blend of investment potential and personal-use flexibility. Find an inviting living & dining room that creates a warm, comfortable atmosphere. Cook your favorite meals in the kitchen, featuring matching appliances and a convenient breakfast bar. Both bedrooms provide peaceful retreats. Enjoy relaxing on the covered patio or take advantage of the spacious shared backyard, complete with a built-in BBQ, ideal for hosting gatherings and outdoor fun. Excellent location, close to dining spots, shopping, and more. Roof is approximately 7 years old. Newer AC units (408 - 7/24 & 410 - approx. 4 years old). Newer appliances. Don't miss out on this great opportunity.

More Information MLS# 6954952

Contract Info

Ownership: Fee Simple Current Price: $359,000 List Price: $359,000 Status: UCB (Under Contract-Backups) List Date: 2025-12-05

Location, Tax & Legal

Assessor's Map #: 25 Legal Description (Abbrev): LOT 72 STEWARTS NORTH MESA ADD AMD MCR Assessor's Parcel #: 59 Add'l Parcels: Yes Tax Municipality: Mesa Census Tract: 421502 Taxes: 658 Legal: LOT 72 STEWARTS NORTH MESA ADD AMD MCR Marketing Name: N/A House Number: 408 Compass: E Street Name: 3RD St Suffix: Street City/Town Code: Mesa State/Province: AZ Zip Code: 85203 Zip4: 7903 County Code: Maricopa Subdivision: STEWARTS NORTH MESA ADD AMD Assessor Number: 138-25-059 Tax Year: 2025

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 2 Lot Size Dimensions: 69.44-105.40 Total # of Units: 2 Elementary School District: Mesa Unified District High School District: Mesa Unified District High School: Westwood High School Year Built: 1948 Zoning: CHK

Legal Info

Range: 5E Section: 23 Township: 1N Lot Number: 72

Project Type

Duplex: 1

Construction

Slump Block: 1

Const - Finish

Painted: 1

Roofing

Composition: 1

Floors

Tile: 1

Sale Includes

Laundry Equipment: 1

Income & Expenses

Annual Elec Exp: 0 Annual Gas Exp: 0 Annual Ins Exp: 2000 Annual Land Lse Exp: 0 Annual Landscape Exp: 0 Annual Legal & Acctg: 0 Annual Maint Exp: 1197 Annual Mgmt Exp: 3852 Annual Trash Exp: 0 Annual Wtr/Swr Exp: 0 Owner Association: No Annual Ownr Asoc Fee: 0 Annual Rplcmnt Rsrvs: 600 Annual Other Expense: 199 Operating Exp: 8506 Other Income: 85 Vacancy Allowance: 0.05 Adjusted Gross Inc: 28132.35 Total Monthly Rental Income: 2495

Pmt & Rate Info

Cap Rate: 6.56 Equity: 359000 Down Payment %: 20 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings Text: 1 Email: 1 Phone Call: 1

Lockbox Type

See Private Remarks: 1

Community Features

No Pool: 1

Heating

Electric: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1 Individual: 1 2 or More Units: 1

Exterior Amenities

Cable TV Available: 1 Patio/Balcony: 1

Interior Features

Mini Blinds: 1 Breakfast Bar: 1

Tenant Pays

Gas: 1 Water: 1 Sewer: 1 Electricity: 1 Trash Collection: 1 Cable TV: 1 Landscaping: 1

Appliances Included

Disposal: 1 Microwave: 1 Free-Standing Range: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Other (See Remarks): 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

>1 Space Per Unit: 1

Electric

SRP: 1

Gas

City Gas: 1

Owner Pays

None: 1

New Financing

Cash: 1 VA: 1 Conventional: 1 FHA: 1 No Carry: 1 1031 Exchange: 1

Existing 1st Loan

Treat as Free&Clear: 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Environmental

None: 1

Efficiency Units

# Efficiency Units: 2 Avg Rent: 0 # Baths: 2

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 2 Avg Rent: 1248 Avg SqFt: 700 # Baths: 2

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Cross Street: E University Dr and N Mesa Dr Directions: Head west on E University Dr. Turn left onto N Mesa Dr. Turn left onto E 3rd St. Home will be on the left. Geo Lat: 33.421093 Geo Lon: -111.822414

Income Expenses

Gross Annual Sch Inc: 29528 Net Operating Income: 23559

Property Features

Project Type: Duplex Construction: Slump Block Const - Finish: Painted Roofing: Composition Floors: Tile Sale Includes: Laundry Equipment Community Features: No Pool Exterior Amenities: Cable TV Available; Patio/Balcony Interior Features: Mini Blinds; Breakfast Bar Appliances Included: Free-Standing Range; Disposal; Microwave Cooling: Ceiling Fan(s); Individual; Central Air; 2 or More Units Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: City Gas Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV; Landscaping Source of Fincl Data: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: See Private Remarks Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange Environmental: None

Listing Office: Mark Brower Properties, LLC

Last Updated: December - 18 - 2025