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    1923 N Spring

    Mesa, AZ 85203
    • $549,900
    • STATUS: Active
    • ON SITE: 11 days
    • MLS #: 6264057
    UPDATED: 37 min ago
    $549,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1984
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Remarkable opportunity to own a value add 4-plex in one of AZ fastest growing cities. The units are all 2bed/1 bath, a rare mix. Lots of upside for remodel and increase the rents by $300-$400/unit/month. Look no further, perfect opportunity for the cash-flow investor looking ti build significant equity.

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    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Devor Real Estate Associates | My Home Group. Data last updated 2021-07-25T17:12:41.89.
    www.devorandassociates.com/homes/119282093
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    1923 N Spring Mesa, AZ 85203

    • Price: $549,900
    • Status: Active
    • Updated: 37 min ago
    • MLS #: 6264057
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1984
    Built
    Neighborhood:
    North Mesa Village
    County:
    Maricopa
    Area:
    Mesa
    School District:
    004 - Mesa Unified District
    Property Description
    Remarkable opportunity to own a value add 4-plex in one of AZ fastest growing cities. The units are all 2bed/1 bath, a rare mix. Lots of upside for remodel and increase the rents by $300-$400/unit/month. Look no further, perfect opportunity for the cash-flow investor looking ti build significant equity.
    Exterior Features

    Construction Frame - Wood Construction Finish PaintedStucco Covered Parking Spaces 6.00 Lot Size Dimensions 6970 Parking Paved ParkingStreet Parking Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 867 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included RefrigeratorW/D Hookup Cooling Central A/C Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic Tile Heating Electric

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 900.00 2 Bedroom Units 4 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 41904.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1800.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 875.00 Annual Mgmt Exp 2400.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 1824.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 3060.00 Community Amenities No PoolPlay Area Cross Street Mesa Dr & Mckellips Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Individual MeterSrp Gas None Gross Annual Sch Inc 43200.00 Hoa YN Yes Net Operating Income 30486.00 New Financing 1031 ExchangeConventionalNo Carry Operating Exp 11418.00 Other Income 0.00 Owner Pays OtherSewerTrash CollectionWater Project Type Four Plex Sale Includes Land & Building Sewer Sewer - PublicSewer-In & Connected Source Of Financial Data Provided By Owner Tax Municipality Maricopa - County Taxes 1459.00 Tenant Pays Cable TvElectric Vacancy Allowance 0.03 Water City FranchiseMaster Meter Zoning Rm-4

    Listing courtesy of Xcd Realty & Property Mgmt.


    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Devor Real Estate Associates | My Home Group. Data last updated 2021-07-25T17:12:41.89.
     
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    Devor Real Estate Associates | My Home Group
    6751 N Sunset Blvd
    Glendale AZ, 85305