1826 N SPRING, Mesa, AZ 85203 (MLS# 6926281)

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

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 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!

More Information MLS# 6926281

Contract Info

Ownership: Fee Simple Current Price: $730,000 Sold Price: $730,000 Status: Closed List Date: 2025-09-26

Location, Tax & Legal

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 House Number: 1826 Compass: N Street Name: SPRING St Suffix: -- City/Town Code: Mesa State/Province: AZ Zip Code: 85203 Zip4: 9614 County Code: Maricopa Subdivision: NORTH MESA VILLAGE Assessor Number: 136-24-107 Tax Year: 2024

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 6 Lot Size Dimensions: 87'x102' Flood Zone: No Total # of Units: 4 Elementary School District: Mesa Unified District High School District: Mesa Unified District Year Built: 1984 Zoning: RM-4

Legal Info

Range: 5E Section: 11 Township: 1N Lot Number: 3

Project Type

Four Plex: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Composition: 1

Floors

Vinyl: 1

Sale Includes

Land & Building: 1

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

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

Supra: 1

Community Features

No Pool: 1

Heating

Electric: 1

Cooling

Ceiling Fan(s): 1 Electric: 1

Tenant Pays

Electricity: 1 Cable TV: 1

Appliances Included

Free-Standing Electric Oven: 1 Refrigerator: 1 Washer/Dryer: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1

Water Source

City Franchise: 1 Master Meter: 1

Sewer

Sewer - Public: 1

Parking Features

On Street: 1 1 Space/Unit: 1

Electric

SRP: 1

Gas

None: 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1

New Financing

Cash: 1 VA: 1 Conventional: 1 FHA: 1

Existing 1st Loan

Treat as Free&Clear: 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 4 Avg Rent: 1395 Avg SqFt: 867 # Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Sold Info

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

Remarks Misc

Cross Street: Mesa Dr & McKellips Rd Geo Lat: 33.44847 Geo Lon: -111.822092

Status Change Info

Off Market Date: 2025-12-12 Under Contract Date: 2025-11-17 Close of Escrow Date: 2025-12-16 Sold Price: $730,000

Income Expenses

Gross Annual Sch Inc: 66180 Net Operating Income: 52304

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
Listing Office: Real Broker
IDX
Last Updated: December - 16 - 2025
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