120 S LEBARON -- #1 Mesa, AZ 85210
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mesa Arizona
MLS Listing ID 7084014
Bedrooms 4
Maintenance Fees $1,500
Year Built 1955
Annual Tax Amount $1,206
Tax Year 2025
Lot Dimensions 5,250
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
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 Opportunity
Two 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.
Location
State AZ
County Maricopa
Community Mesa Arizona
Area Maricopa
Zoning r-3
Interior
Heating See Remarks, Central, Window/Wall Unit(s)
Cooling None
Flooring Tile, Laminate
Appliance Refrigerator, W/D Hookup
Exterior
Parking Features Other
Community Features Other
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Mesa Unified District
Others
Senior Community No
Tax ID 138-53-033-B
Ownership Fee Simple
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Disclosures Other (See Remarks)
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
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