860 E Brown Road Unit 41, Mesa, AZ 85203

$950,000
List Price
$950,000
Days on Market
15
Status
ACTIVE
MLS#
6728850
City
Mesa
Subdivision
Sun Gardens Replat
Year Built
1980

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!

Additional Information

Elementary School
Edison Elementary School
High School
Westwood High School
Middle School
Kino Junior High School
School District
Mesa Unified District
Community Features
Pool
Construction
Stucco, Frame - Wood
Cooling
Heat Pump, ENERGY STAR Qualified Equipment
Electric
SRP, Master Meter
Flooring
Carpet, Ceramic Tile, Vinyl
Heating
Heat Pump, ENERGY STAR Qualified Equipment
New Financing
Conventional, 1031 Exchange
Parking Features
Paved Parking, Assigned, Add'l Parking Avail, Auto Door Opener, Attached, 1 Space/Unit
Roofing
Composition
Sewer
Public Sewer
Subdivision
Sun Gardens Replat
Taxes
$1,754
Tax Year
2023
Tenant Pays
See Remarks, Gas, Electricity, Cable TV
Units
4
Water
See Remarks, City Franchise, Master Meter, Individual Meter
Zoning
RM-4

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Arizona Best Real Estate.

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