1856 N Spring -- Mesa, AZ 85203
North Center NeighborhoodEstimated payment $4,446/month
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Individual Controls for Heating
- Franklin at Brimhall Elementary School Rated A
- Ceiling Fan
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,455
Year Built
- Built in 1984
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- Ceiling Fan
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Parking
- 7 Open Parking Spaces
- 7 Parking Spaces
- Assigned Parking
Schools
- Keller Elementary School
- Kino Junior High School
- Westwood High School
Utilities
- Cooling Available
- Individual Controls for Heating
Listing and Financial Details
- Tax Lot 7
- Assessor Parcel Number 136-24-111
Community Details
Overview
- 4 Units
- Building Dimensions are 9583 SQFT
- North Mesa Village Subdivision
Building Details
- Operating Expense $3,279
- Gross Income $82,560
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,455 | $14,825 | -- | -- |
| 2024 | $1,467 | $14,119 | -- | -- |
| 2023 | $1,467 | $50,860 | $10,170 | $40,690 |
| 2022 | $1,437 | $36,400 | $7,280 | $29,120 |
| 2021 | $1,454 | $28,930 | $5,780 | $23,150 |
| 2020 | $1,435 | $27,880 | $5,570 | $22,310 |
| 2019 | $1,341 | $23,400 | $4,680 | $18,720 |
| 2018 | $1,287 | $20,870 | $4,170 | $16,700 |
| 2017 | $1,249 | $15,280 | $3,050 | $12,230 |
| 2016 | $1,226 | $14,080 | $2,810 | $11,270 |
| 2015 | $1,152 | $12,660 | $2,530 | $10,130 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/20/2025 03/20/25 | For Sale | $775,000 | +27.0% | -- |
| 09/07/2021 09/07/21 | Sold | $610,000 | -6.2% | $704 / Sq Ft |
| 08/10/2021 08/10/21 | Pending | -- | -- | -- |
| 07/31/2021 07/31/21 | For Sale | $650,000 | -- | $750 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $610,000 | Az Title Agency Llc | |
| Interfamily Deed Transfer | -- | Magnus Title Agency | |
| Warranty Deed | $344,900 | Old Republic Title Agency | |
| Interfamily Deed Transfer | -- | Old Republic Title Agency | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Cash Sale Deed | $78,000 | First American Title Ins Co | |
| Corporate Deed | -- | First American Title | |
| Trustee Deed | $140,000 | First American Title | |
| Warranty Deed | -- | Camelback Title Agency | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Camelback Title Agency Llc | |
| Warranty Deed | $230,000 | Camelback Title Agency Llc | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $177,500 | -- | |
| Interfamily Deed Transfer | -- | Security Title Agency | |
| Warranty Deed | $175,000 | Security Title Agency | |
| Warranty Deed | $147,900 | Arizona Title Agency Inc | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Stewart Title & Trust | |
| Warranty Deed | $133,000 | Stewart Title & Trust | |
| Interfamily Deed Transfer | -- | Chicago Title Insurance Co | |
| Warranty Deed | $119,900 | Chicago Title Insurance Co | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | Grand Canyon Title | |
| Trustee Deed | -- | Grand Canyon Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $137,072 | Credit Line Revolving | |
| Open | $457,500 | New Conventional | |
| Previous Owner | $254,200 | New Conventional | |
| Previous Owner | $258,675 | Seller Take Back | |
| Previous Owner | $172,500 | Purchase Money Mortgage | |
| Previous Owner | $181,550 | Unknown | |
| Previous Owner | $146,064 | FHA | |
| Previous Owner | $95,900 | New Conventional | |
| Previous Owner | $59,950 | No Value Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6838360
APN: 136-24-111
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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