1861 N Spring --, Mesa, AZ 85203
- $749,999
- 20
- BD
- 8
- BA
- List Price
- $749,999
- Days on Market
- 80
- Status
- ACTIVE
- MLS#
- 7045584
- City
- Mesa
- Bedrooms
- 20
- Bathrooms
- 8
- Subdivision
- North Mesa Village
- Year Built
- 1984
Property Description
Investment Opportunity! Turnkey 4-plex generating strong rental income in a highly desirable Mesa location. This fully occupied multifamily property features four 2-bedroom, 1-bath units, each approximately 867 square feet. Current rents provide immediate cash flow with additional upside potential through future rent growth and value-add improvements. Two units have been updated, while the remaining units offer opportunities to increase returns. Property features individually metered units, granite countertops in select units, and a newer A/C unit. Conveniently located near shopping, dining, schools, and major freeways, this asset is ideal for investors seeking stable income and long-term appreciation. Add this cash-flowing property to your portfolio today!
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Additional Information
- Community Features
- No Pool
- Construction
- Wood Frame, Painted
- Cooling
- Electric
- Electric
- SRP
- Heating
- Electric
- New Financing
- VA Loan, FHA, Conventional, Cash
- Parking Features
- 1 Space/Unit
- Roofing
- Composition
- Subdivision
- North Mesa Village
- Taxes
- $1,483
- Tax Year
- 2025
- Tenant Pays
- Electricity
- Units
- 4
- Water
- City Franchise
- Zoning
- Multi
Courtesy of My Home Group Real Estate. 480-685-2760
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