860 E BROWN Road #41 Pending Save Request In-Person Tour Request Virtual Tour
Mesa,AZ 85203
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Subdivision Sun Gardens Replat
MLS Listing ID 6728850
Maintenance Fees $1,200
Year Built 1980
Annual Tax Amount $1,754
Tax Year 2023
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!
Location
State AZ
County Maricopa
Community Sun Gardens Replat
Zoning RM-4
Interior
Heating Heat Pump,ENERGY STAR Qualified Equipment
Cooling Heat Pump,ENERGY STAR Qualified Equipment
Flooring Carpet,Ceramic Tile,Vinyl
Exterior
Garage Paved Parking,Assigned,Add'l Parking Avail,Auto Door Opener,Attached,1 Space/Unit
Community Features Pool
Waterfront No
Roof Type Composition
Building
Sewer Public Sewer
Water See Remarks,City Franchise,Master Meter,Individual Meter
Schools
Elementary Schools Edison Elementary School
Middle Schools Kino Junior High School
High Schools Westwood High School
School District Mesa Unified District
Others
Acceptable Financing Conventional,1031 Exchange
Listing Terms Conventional,1031 Exchange