Mesa, AZ 85203,860 E BROWN Road #41
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Mesa, AZ 85203,860 E BROWN Road #41
Mesa, AZ 85203,860 E BROWN Road #41
Mesa, AZ 85203,860 E BROWN Road #41
Mesa, AZ 85203,860 E BROWN Road #41

$900,000

Est. payment /mo

$950,000

5.3%
Est.Price: ?

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860 E BROWN Road #41 Mesa, AZ 85203

SOLD DATE : 11/25/2024

Key Details

Sold Price $900,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Sun Gardens Replat

MLS Listing ID 6728850

Sold Date 11/25/24

Maintenance Fees $1,200

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1980

Annual Tax Amount $1,754

Tax Year 2023

Lot Dimensions 3804

Property Description

Discover an advantageous investment opportunity in Mesa's sought-after rental market with this well-maintained four-unit property. Plus, it is ideal for investors seeking a 1031 exchange or a stable income stream.

Located just minutes from downtown Mesa, this desirable multi-family home features recent upgrades, including two newly remodeled units.

All units are currently rented, and tenants are responsible for electricity and gas.

The apartment mix includes a spacious single-level unit with three bedrooms and two baths, two townhome-style units each with two bedrooms and 1.5 baths, and a private two bedroom, 1.5 bath apartment above the garages. Recent enhancements include new outlets, switches, washer, and dryer hookups, efficient 14 SEER heat pumps, & modern LED exterior lighting.

Additional upgrades feature a newer roof, refreshed exterior paint, and two units recently remodeled to attract higher rents. Shared garages have been converted into private single-car garages with openers & remotes, enhancing tenant satisfaction and property value.

Residents enjoy a community pool, private patios, garage parking, and professionally maintained landscaping.

Detailed Cap Rates and improvement records are available upon request, highlighting strong rental income potential and historical performance.

Do not miss this rare opportunity to acquire a turnkey multi-family property in Mesa.

Contact the listing Agent if you have any questions or need further assistance!

Location

State AZ

County Maricopa

Community Sun Gardens Replat

Zoning RM-4

Direction West on Brown Rd, north at third turn into complex, 4-plex is located in the northwest corner of the complex - Building 4, Units 41-44.

Interior

Heating Heat Pump, ENERGY STAR Qualified Equipment

Cooling Heat Pump, ENERGY STAR Qualified Equipment

Flooring Carpet, Ceramic Tile, Vinyl

Appliance F/S Oven/Range, Microwave, W/D Hookup

Exterior

Garage Paved Parking, Assigned, Add'l Parking Avail, Auto Door Opener, Attached, 1 Space/Unit

Community Features Pool

Roof Type Composition

Total Parking Spaces 4

Garage Yes

Building

Sewer Public Sewer

Water See Remarks, City Franchise, Master Meter, Individual Meter

New Construction No

Schools

Elementary Schools Edison Elementary School

Middle Schools Kino Junior High School

High Schools Westwood High School

School District Mesa Unified District

Others

Senior Community No

Tax ID 137-09-324

Acceptable Financing Conventional, 1031 Exchange

Listing Terms Conventional, 1031 Exchange

Financing Carryback

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Arizona Regional MLS (ARMLS)
Listed by Arizona Best Real Estate
Bought with W and Partners, LLC

Diane Chappell

REALTOR | License ID: SA671428000

+1(602) 361-2652

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