860 E BROWN Road, 25, Mesa, AZ 85203

$840,000
Property Type: Multiple Dwellings Status: Active
Current Price: $840,000 Last Modified: 7/29/2025

Description

4-unit property located in the Sun Gardens Apartments community in Mesa, AZ. Originally built in 1980, this property features a unique mix of (3) large 2-bedroom, 1.5-bathroom units, and (1) 3-bedroom, 2-bathroom unit along with (2) two-car garages. Each unit offers in-unit laundry hookups as well as access to shared amenities such as a community pool and assigned parking. All 4 units are also sub metered for water, allowing for utility bill back to the tenants. In addition to the implementation of RUBS, the asset also has considerable rental upside potential, as higher rents are supported throughout the community. New ownership will have the opportunity to acquire a well located and maintained asset with a favorable unit mix and potential for NOI growth.

More Information MLS# 6878565

Contract Info

Current Price: $840,000 List Price: $840,000 Status: Active List Date: 2025-06-11 Ownership: Fee Simple

Location Tax Legal

House Number: 860 Compass: E Street Name: BROWN St Suffix: Road City/Town Code: Mesa State/Province: AZ Zip Code: 85203 County Code: Maricopa Subdivision: SUN GARDENS REPLAT Assessor Number: 137-09-338 Tax Year: 2024

General Property Description

Lot Size Dimensions: 3,804 Year Built: 1980 Uncvrd Parking Spcs: 4 Total # of Units: 4 # of Buildings: 1 Zoning: RM4 Elementary School District: Mesa Unified District High School District: Mesa Unified District

Remarks Misc

Cross Street: Brown & Stapley Geo Lat: 33.435865 Geo Lon: -111.812043

Legal Info

Township: 1N Range: 5E Section: 14 Lot Number: 18

Income Expenses

Gross Annual Sch Inc: 69492 Net Operating Income: 45171

Showing Notification Methods

Showing Service: No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units: 3 Avg Rent: 1433 Avg SqFt: 924 # Baths: 2

3 Bedrooms Units

# 3 Bedroom Units: 1 Avg Rent: 1525 Avg SqFt: 1270 # Baths: 2

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Wood; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: Pool Exterior Amenities: Landscape Wtr System; Green Landscaping; Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s) Interior Amenities: Fire/Smoke Alarm(s); Mini Blinds; Breakfast Bar Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Garage; >1 Space Per Unit; Add'l Parking Avail Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Type: Not Applicable Existing 1st Ln Trms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None
Listing Office: Matthews Real Estate Investment Services
Last Updated: July - 29 - 2025
860 E BROWN Road, 25, Mesa, AZ 85203- MLS# 6878565
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