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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

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