About the Listing wusa92 - jm3153

Welcome to 730 W Pepper Place, a rare investment opportunity in one of Mesa's most established neighborhoods! This charming triplex blends vintage character with excellent income-producing potential, offering three separate one-bedroom, one-bath units across a spacious lot framed by mature trees and traditional block construction. With no HOA restrictions and plenty of room to enhance or expand, this property is the perfect canvas for investors eager to maximize returns. Each unit features a comfortable layout with a living room, kitchen, and private bedroom and bathroom, making them ideal for steady rental income. Two of the units are currently tenant-occupied on a month-to-month basis, providing immediate cash flow, while the third unit is vacant and ready for repairs, giving new ownership flexibility to renovate and increase value right away. Over the years, the property has benefited from improvements such as roof work and sewer line repairs, and it is fully serviced by city utilities for water, sewer, and gas. Set on a 7,405-square-foot lot, the property offers privacy, ample parking, and space for future upgrades. Its location adds even more appeal, with Downtown Mesa's vibrant mix of dining, shopping, and cultural venues just minutes away, as well as convenient light rail and freeway access. Nearby schools and parks further strengthen its long-term rental demand. Whether you are a seasoned investor seeking to expand your portfolio or someone eager to restore a piece of Mesa history, 730 W Pepper Place provides the foundation for long-term value. With multiple income streams already in place, strong neighborhood appeal, and untapped potential, this triplex is your chance to own a classic Mesa property with endless opportunity. Unit #1 is rented for $250 per month, and the tenant takes care of maintenance. Unit #2 is vacant, but was previously rented for $750 per month. Unit #3 is rented for $725 per month. Both tenants are leasing month-to-month. Each of the 3 units has its own electric meter. There is 1 water meter for the whole property.

Listing Highlights for 730 W Pepper Pl

Listing Location