Motivated by the experimental report of unusual low temperature magnetism in quasi onedimensional magnet CuInVO5, we present results of a cluster mean-field study on a spin-1/2 Heisenberg model with alternating ferromagnetic and antiferromagnetic nearest-neighbor coupling. We map out the ground state phase diagrams with varying model parameters, including the effect of an external magnetic field. An unexpected competition between different spin-spin correlations is uncovered. Multiple spin-flop transitions are identified with the help of component resolved correlation functions. For the material-specific choice of model parameters we discuss the temperature dependence of specific heat and magnetic susceptibility, and compare our results with the available experimental data. A detailed account of spin-spin correlations allows us to present a microscopic understanding of the low-temperature magnetic ordering in CuInVO5. Most notably, we identify the origin of an extra peak in the low temperature specific heat data of CuInVO5 reported by Hase et al. [1]. PACS numbers: 75.10.-b, 75.10.Pq, 75.40.Cx 1 2 3 4 J 2 J 2 J 1 J 3 FIG. 1. (Color online) A schematic picture of the coupled tetramer model. Each dot represents a spin-1/2 and the nearest-neighbor couplings are indicated by double (J1), solid (J2) and dotted (J3) lines.