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Lacey Lehman

lacey@tlazre.com +1(480) 703-6483

$ 749,999

Est. payment -/mo

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1861 N SPRING -- Mesa, AZ 85203

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision North Mesa Village

MLS Listing ID 7045584

Year Built 1984

Annual Tax Amount $1,483

Tax Year 2025

Lot Dimensions 6970

Source Arizona Regional Multiple Listing Service (ARMLS)

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!

Location

State AZ

County Maricopa

Community North Mesa Village

Area Maricopa

Zoning Multi

Interior

Heating Electric

Cooling Electric

Flooring Wood

Appliance Free-Standing Range, Dishwasher, Refrigerator, W/D Hookup

Exterior

Parking Features 1 Space/Unit

Community Features No Pool

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 136-24-125

Acceptable Financing Conventional, FHA, VA Loan

Disclosures None

Listing Terms Conventional, FHA, VA Loan

Listed by My Home Group Real Estate • Silvia Del Toro Ochoa

NEARBY SCHOOLS & PROPERTIES

Lacey Lehman

Co-Team Lead, CLHMS, CNE, ePRO, MRP, SRES, SRS, Realtor® | License ID: SA563434000

+1(480) 703-6483

Lacey Lehman

1861 N SPRING -- Mesa, AZ 85203

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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