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1826 N SPRING, Mesa, AZ 85203
Overview
Description
Supplements: ... (Read more) 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 202 freeways, commuting throughout the Phoenix Metro and East Valley is fast and easy. Residents enjoy being close to shopping, dining, entertainment, top-rated schools, and major employers. The property's central location makes it highly desirable to renters seeking affordable, updated housing with easy access to everything Mesa has to offer. Whether you're a seasoned investor looking for cash flow in Arizona's booming rental market or a buyer searching for a turnkey house-hacking property in Mesa, this 4-plex checks all the boxes. A rare opportunity to own a low-maintenance, income-producing property in one of the fastest-growing areas of the Phoenix Metro!
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
Documents
Income/Expenses ›