520 N Stapley Dr., Mesa, AZ 85203

Tenants have a year lease that will be up in March 2005. They have made their $675 payment on time every month since singing the lease. Perfect investment opportunity, approximately 9.5% cap rate. Both owner-occupants and investors are welcome to purchase but must honor the current lease, meaning it will be available for owner-occupants to move in after March 05. This is a great unit. It was updated a little over a year ago with new ceiling fans with central lighting, new carpet, new ceramic tile, new paint, new blinds, new bathroom fixtures, new water heater (40 Gal) and new washer/dryer. Please submit offers contingent on inspection of the property.