$730,000
Mesa, AZ 85203
MLS# 6926281
Status: Closed
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Property 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
Details
Maps
Documents
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
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!
Income/Expenses 
Listing Office: Real Broker
Last Updated: December - 16 - 2025
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