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Michelle Quackenbush

azbrokeronline@gmail.com +1(602) 999-2627

$ 775,000

Est. payment -/mo

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Active Under Contract

1856 N SPRING -- Mesa, AZ 85203

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision North Mesa Village

MLS Listing ID 6838360

Year Built 1984

Annual Tax Amount $1,455

Tax Year 2024

Lot Dimensions 9583 SQFT

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

An extraordinary investment opportunity in this desirable North Mesa community! All 4 turnkey units are 2 bedroom, 1 bathroom that boast 867 sq ft with private washer & dryer hookup. All units are individually metered electric. A savvy investor can convert the large 139 sq ft (11.6ft x 12ft) patio and large 76 sq ft (11.6 ft x 6.6ft) laundry room into a 3rd bedroom and 2 bathroom. Large open side yard can be enclosed into private yards for tenants. The City of Mesa Section 8 Housing Choice Voucher Program provides housing assistance with the following payment standards as followed $1,720 for 2 bedroom units, and $2,318 for 3 bedroom units. This lucrative Fourplex opportunity has the potential of producing $82,560 to $111,264 yearly gross income.

Location

State AZ

County Maricopa

Community North Mesa Village

Zoning MULTI

Direction Head south on N Mesa Dr toward E Julep St. Left on E Julep St. E Julep St turns right and becomes N Spring. Property will be on the right.

Interior

Heating Individual, Electric

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Carpet, Ceramic Tile, Vinyl

Appliance Free-Standing Range, Disposal, Refrigerator, Microwave, W/D Hookup

Exterior

Parking Features Paved, Assigned, >1 Space Per Unit

Community Features Other

Roof Type Composition

Total Parking Spaces 7

Building

Sewer Sewer-In & Connected, Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Keller Elementary School

Middle Schools Kino Junior High School

High Schools Westwood High School

School District Mesa Unified District

Others

Senior Community No

Tax ID 136-24-111

Acceptable Financing Conventional, FHA, VA Loan

Listing Terms Conventional, FHA, VA Loan

Listed by My Home Group Real Estate

Michelle Quackenbush

Agent

+1(602) 999-2627

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