860 E BROWN Road, 29, Mesa, AZ 85203
$815,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$815,000
Last Modified:
5/23/2025
Description
4 units located in the Central Mesa Submarket of Mesa, AZ. Originally built in 1980, this property has a unique mix of (3) large 2+1.5 units and (1) 3+2 unit. unit, and sits within the Sun Gardens Apartments HOA that features a community pool. Current average rents sit at $1,425/unit, and there is room to push them closer to market. Each unit is also sub-metered for water, that allows new ownership the opportunity to bill tenants directly for water. HOA fee is $475/month and they cover expenses including trash service and common area maintenance. Just a few miles from the asset are attractions such as the Oakland A's Spring Training facility, Mesa Country Club, and Mesa Riverview shopping center.
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More Information MLS# 6715006
Contract Info
Current Price: $815,000
Sold Price: $815,000
Status: Closed
List Date: 2024-06-05
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
Zip4: 4938
Country: US
County Code: Maricopa
Subdivision: SUN GARDENS REPLAT
Assessor Number: 137-09-321
Tax Year: 2023
General Property Description
Lot Size Dimensions: 3804
Year Built: 1980
Total # of Units: 4
# of Buildings: 1
Zoning: M-H
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Other
Jr. High School: Other
High School: Other
Remarks Misc
Cross Street: BROWN & STAPLEY
Geo Lat: 33.435802
Geo Lon: -111.812412
Status Change Info
Status Change Date: 2024-07-20
Off Market Date: 2024-07-01
Under Contract Date: 2024-06-20
Close of Escrow Date: 2024-07-23
Sold Price: $815,000
Legal Info
Township: 1N
Range: 5E
Section: 14
Lot Number: 1
Income Expenses
Gross Annual Sch Inc: 68400
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1383
Avg SqFt: 924
# Baths: 4
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1550
Avg SqFt: 1270
# Baths: 2
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: Pool; Heated Pool(s); Manager Res/Office
Exterior Amenities: Green Landscaping; Patio/Balcony
Appliances Included: W/D Hookup
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Garage; 1 Space/Unit; Paved
Owner Pays: See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional
Environmental: None
Listing Office: Matthews Real Estate Investment Services
Last Updated: May - 23 - 2025
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