1826 N SPRING, Mesa, AZ 85203

$730,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $730,000 List Date: 10/03/2025 Last Modified: 12/16/2025

Overview

Description

Great investment or house-hack opportunity in the heart of Mesa, Arizona! This multifamily 4-plex for sale offers four fully renovated 2-bedroom, 1-bath units, each with convenient in-unit washer/dryer hookups. Updated in 2020, the units feature modern upgrades including white shaker cabinetry, matte black fixtures, neutral paint tones, newer tile and carpet, and stainless steel appliances—creating a clean, timeless design that attracts quality tenants. Major improvements have already been taken care of, including a new roof and four new A/C units, significantly reducing future maintenance expenses and ensuring long-term durability. Three units are currently tenant-occupied, generating consistent rental income, while one unit is available for an owner-occupant buyer

Supplements: a perfect house-hacking opportunity to live in one unit while your tenants help cover the mortgage. Opportunity for additional rental income by converting the patio to a 3rd bedroom for a savvy buyer. Located in a prime Mesa neighborhood with excellent rental demand, this property offers unbeatable convenience. Just minutes from US-60 and Loop 2 ...

Listing Details MLS# 6926281

Location, Tax & Legal

House Number
1826
Compass
N
Street Name
SPRING
St Suffix
--
City/Town Code
Mesa
State/Province
AZ
Zip Code
85203
Zip4
9614
Country
US
County Code
Maricopa
Subdivision
NORTH MESA VILLAGE
Assessor Number
136-24-107
Tax Year
2024
Assessor's Map #
24
Legal Description (Abbrev)
LOT 3 NORTH MESA VILLAGE MCR 024250
Assessor's Parcel #
107
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
420503
Taxes
1499
Legal
LOT 3 NORTH MESA VILLAGE MCR 024250
Marketing Name
NORTH MESA VILLAGE

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
87'x102'
Year Built
1984
Uncvrd Parking Spcs
6
Total # of Units
4
# of Buildings
Yes
Zoning
RM-4
Flood Zone
No
Elementary School District
Mesa Unified District
High School District
Mesa Unified District

Remarks Misc

Cross Street
Mesa Dr & McKellips Rd

Status Change Info

Off Market Date
2025-12-12
Under Contract Date
2025-11-17
Close of Escrow Date
2025-12-16

Legal Info

Township
1N
Range
5E
Section
11
Lot Number
3

More Information

Income Expenses

Gross Annual Sch Inc
66180
Net Operating Income
52304

Showing Notification Methods

Showing Service
Aligned Showings

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1395
Avg SqFt
867
# Baths
Yes

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Ins Exp
5105
Annual Landscape Exp
0
Annual Wtr/Swr Exp
5400
Owner Association
Yes
Annual Ownr Asoc Fee
1872
Operating Exp
13876
Other Income
0
Vacancy Allowance
0.02
Adjusted Gross Inc
64856.4
Total Monthly Rental Income
5515

Pmt & Rate Info

Cap Rate
6.75
Equity
775000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

Supra
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Electric
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Free-Standing Electric Oven
Yes
Refrigerator
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
1 Space/Unit
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Electric Oven; Refrigerator; Washer/Dryer Cooling: Ceiling Fan(s); Electric Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: On Street; 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional Environmental: None
IDX
Listing Office: Real Broker
Last Updated: December - 16 - 2025
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