1856 N Spring --, Mesa, AZ 85203

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Sold Price
$755,000
List Price
$775,000
Closing Date
Aug 22, 2025
Days on Market
156
Status
CLOSED
MLS#
6838360
City
Mesa
Bedrooms
8
Bathrooms
4
Subdivision
North Mesa Village
Year Built
1984

Property Description

An extraordinary investment opportunity in this desirable North Mesa community! All 4 turnkey units are 2 bedroom, 1 bathroom that boast 867 sq ft with private washer & dryer hookup. All units are individually metered electric. A savvy investor can convert the large 139 sq ft (11.6ft x 12ft) patio and large 76 sq ft (11.6 ft x 6.6ft) laundry room into a 3rd bedroom and 2 bathroom. Large open side yard can be enclosed into private yards for tenants. The City of Mesa Section 8 Housing Choice Voucher Program provides housing assistance with the following payment standards as followed $1,720 for 2 bedroom units, and $2,318 for 3 bedroom units. This lucrative Fourplex opportunity has the potential of producing $82,560 to $111,264 yearly gross income.

Additional Information

Elementary School
Keller Elementary School
High School
Westwood High School
Middle School
Kino Junior High School
Community Features
Other
Construction
Wood Frame, Painted, Stucco
Cooling
Central Air, Electric, Ceiling Fan(s)
Electric
Individual Meter, SRP
Flooring
Ceramic Tile
Heating
Electric, Varies by Unit
New Financing
VA Loan, FHA, Conventional, Cash
Parking Features
Paved, >1 Space Per Unit, Assigned
Roofing
Composition
Sewer
Public Sewer, Sewer-In & Connected
Subdivision
North Mesa Village
Taxes
$1,455
Tax Year
2024
Tenant Pays
Electricity, Cable TV
Units
4
Water
City Franchise
Zoning
MULTI

Courtesy of My Home Group Real Estate. 480-685-2760 Selling Office: M&B Realty.

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