Global Private Office Advisor & Associate Broker | License ID: BR006110000
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$ 900,000
$ 950,000 5.3%
860 E BROWN Road #41 Mesa, AZ 85203
UPDATED:
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
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
Parking Features 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
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Bought with W and Partners, LLC
Bob Nathan
Global Private Office Advisor & Associate Broker | License ID: BR006110000
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