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Image 1 - 1856 N Spring, Mesa, Arizona, 85203 - House for sale
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N Spring, Mesa, Home For Sale
1856 N Spring, Mesa, Arizona, 85203

N Spring, Mesa, Home For Sale

house for sale
Listed: 06/27/24

1856 N Spring, Mesa, Arizona, 85203

Studio Bed:
Save
Price
$ 795,000

About This House

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 and dryer hookup. The 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. City of Mesa Section 8 Housing Choice Voucher Program provides housing assistance with the following payment standards as followed$1, 783for 2 bedroom units, and$2, 414for 3 bedroom units. This lucrative Fourplex opportunity has the potential of producing$85, 584to$115, 872yearly gross income.

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Mesa Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
Show as List Show as Graph
In June 2024, the asking price for 2 bed houses for sale in/near Mesa, United States averaged $376,374, an increase of 4.8% from the previous month.
Median price trends for properties for sale in Mesa, United States as of June 2024.

Household Income

Median household income: $58,247
Number of households: 185,509
The average household income in Mesa, AZ grew from $55,014 to $58,247 in the past year. This data is an estimate based upon 185,509 households in Mesa, AZ.
The chart below presents how household income is distributed in Mesa, AZ in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Mesa, AZ compared to median property taxes around the country. The prevalent amount of property taxes in Mesa, AZ equals $800-$1,500 , which is more than the national average.