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!
Sold for $900,000 on 11/25/24
$900,000
860 E Brown Rd APT 41, Mesa, AZ 85203
9beds
5baths
4,036sqft
Multi Family
Built in 1980
-- sqft lot
$883,300 Zestimate®
$223/sqft
$1,546 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: February 06, 2025 at 02:58pm
Listed by:
John Lilly 602-570-8274,
Arizona Best Real Estate
Bought with:
Daniel K Papin, SA684875000
W and Partners, LLC
Source: ARMLS,MLS#: 6728850

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
Heating
- ENERGY STAR Qualified Equipment, Heat Pump
Cooling
- ENERGY STAR Qualified Equipment, Heat Pump
Appliances
- Included: Disposal, Dishwasher, Refrigerator, Microwave
- Laundry: W/D Hookup
Features
- Flooring: Carpet, Ceramic Tile, Vinyl
Interior area
- Total structure area: 4,036
- Total interior livable area: 4,036 sqft
Property
Parking
- Total spaces: 4
- Parking features: Paved, Assigned, Add'l Parking Avail, Garage Door Opener, Attached, 1 Space/Unit
- Has attached garage: Yes
- Covered spaces: 4
Lot
- Size: 3,804 sqft
- Dimensions: 3804
Details
- Parcel number: 13709324
- Zoning: RM-4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Stucco
- Roof: Composition
Condition
- Year built: 1980
Utilities & green energy
- Electric: SRP, Master Meter
- Sewer: Public Sewer
- Water: See Remarks, Individual Meter, Master Meter, City Franchise
Community & neighborhood
Community
- Community features: Pool
Location
- Region: Mesa
- Subdivision: SUN GARDENS REPLAT
Other
Other facts
- Listing terms: Conventional,1031 Exchange
- Ownership: Fee Simple
- Road surface type: Asphalt
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$883,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$883,300