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1861 N Spring

Mesa, AZ 85203
  • $749,999
  • STATUS: Active
  • ID#: 7045584
UPDATED: 24 min ago
$749,999
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1984
County:
Area:

School Ratings & Info

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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Arizona Regional MLS logo© 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty Company. Data last updated 2026-07-17T16:16:17.157.
www.arizonahomesearch.com/homes/178065440
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1861 N Spring Mesa, AZ 85203

  • Price: $749,999
  • Status: Active
  • On Site: Days
  • Updated: 24 min ago
  • ID#: 7045584
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1984
Built
Neighborhood:
North Mesa Village
County:
Maricopa
Area:
Mesa
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!
Exterior Features

Attached Garage YN No Construction Materials Wood FramePainted Covered Spaces 0 Exterior Features [] Open Parking Spaces 4 Parking Features 1 Space/Unit Road Surface Type Asphalt Roof Composition

Interior Features

Cooling Electric Cooling YN Yes FSOven Range Yes Heating Electric Heating YN Yes Interior Features [] WDHookup Yes

Property Features

Community Features No Pool Disclosures None Flood Zone TBD Flooring Wood Gross Income 70620 Listing Terms ConventionalFHAVA Loan Owner Pays Trash CollectionWaterSewer Ownership Fee Simple Project Type Quadraplex Yes Property Condition [] Security Features [] Sewer Public Sewer Tax Annual Amount 1483 Tax Year 2025 Water Source City Franchise Zoning Multi

Arizona Regional MLS logo Listing provided by My Home Group Real Estate: .


Arizona Regional MLS logo© 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty Company. Data last updated 2026-07-17T16:16:17.157.
 
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Long Realty Company
4051 E. Sunrise Dr, Suite 101
Tucson AZ, 85718