1861 N Spring --, Mesa, AZ 85203
- $749,999
- 20
- BD
- 8
- BA
- List Price
- $749,999
- Status
- ACTIVE
- Days on Market
- 80
- MLS#
- 7045584
- City
- Mesa
- Bedrooms
- 20
- Bathrooms
- 8
- Year Built
- 1984
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!
/u.realgeeks.media/getmultifamily/header.png)
Additional Information
- Taxes
- $1,483
- Net Operating Income
- $55,977
- Cap Rate
- 7.46
- Units
- 4
- Parking Features
- 1 Space/Unit
- Construction
- Wood Frame, Painted
- Roofing
- Composition
- Cooling
- Electric
- Heating
- Electric
- Zoning
- Multi
- Subdivision
- North Mesa Village
- Community Features
- No Pool
- Electric
- SRP
- Water
- City Franchise
- Tenant Pays
- Electricity
- New Financing
- VA Loan, FHA, Conventional, Cash
Courtesy of My Home Group Real Estate. 480-685-2760
Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.