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Sold for $900,000
  • $900,000

    860 E BROWN Road #41, Mesa, AZ 85203

    9beds
    5baths
    4,036sqft
    Multi Family
    Built in 1980
    -- sqft lot
    $924,000 Zestimate®
    $223/sqft
    $1,378 Estimated rent

    Home value

    $924,000

    $850,000 - $998,000

    $1,378/mo

    Zestimate® history
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    $4,939/mo

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    What's special

    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!

    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#: 6728850MLS Logo

    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: Free-Standing Range, 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

    Price history

    DateEventPrice
    11/25/2024Sold$900,000-5.3%$223/sqft
    Source: ARMLS #6728850 Report a problem
    10/18/2024Pending sale$950,000$235/sqft
    Source: ARMLS #6728850 Report a problem
    7/9/2024Listed for sale$950,000+859.6%$235/sqft
    Source: ARMLS #6728850 Report a problem
    9/16/2023Listing removed--
    Source: Zillow Rentals Report a problem
    8/10/2023Listed for rent$2,200$1/sqft
    Source: Zillow Rentals Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,740 +0.5%$72,220 -0.1%
    2024$1,731 -0.8%$72,280 +349.6%
    2023$1,746 +1.6%$16,075 -66.3%

    Find assessor info on the county website

    Neighborhood: 85203

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Edison Elementary School
    • Middle: Kino Junior High School
    • High: Westwood High School
    • District: Mesa Unified District

    Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $924,000
    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
    $924,000