860 E Brown Road Unit 41, Mesa, AZ 85203
- $900,000
- Sold Price
- $900,000
- List Price
- $950,000
- Closing Date
- Nov 25, 2024
- Days on Market
- 100
- Status
- CLOSED
- 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
- Wood Frame, Stucco
- Cooling
- ENERGY STAR Qualified Equipment, Heat Pump
- Electric
- SRP, Master Meter
- Flooring
- Carpet, Ceramic Tile, Vinyl
- Heating
- ENERGY STAR Qualified Equipment, Heat Pump
- New Financing
- Conventional, 1031 Exchange
- Parking Features
- Paved, Assigned, Add'l Parking Avail, Garage Door Opener, Attached, 1 Space/Unit
- Roofing
- Composition
- Sewer
- Public Sewer
- Subdivision
- Sun Gardens Replat
- Taxes
- $1,754
- Tax Year
- 2023
- Units
- 4
- Water
- See Remarks, Individual Meter, Master Meter, City Franchise
- Zoning
- RM-4
Courtesy of Arizona Best Real Estate. 480-948-4711 Selling Office: W and Partners, LLC.
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