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Mike Domer L

loa@alextonos.com +1(602) 488-1227

$ 875,000

Est. payment -/mo

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860 E BROWN Road #25 Mesa, AZ 85203

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Sun Gardens Replat

MLS Listing ID 6878565

Maintenance Fees $2,300

Year Built 1980

Annual Tax Amount $1,645

Tax Year 2024

Lot Dimensions 3,804

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

4-unit property located in the Sun Gardens Apartments community in Mesa, AZ. Originally built in 1980, this property features a unique mix of (3) large 2-bedroom, 1.5-bathroom units, and (1) 3-bedroom, 2-bathroom unit along with (2) two-car garages. Each unit offers in-unit laundry hookups as well as access to shared amenities such as a community pool and assigned parking. All 4 units are also sub metered for water, allowing for utility bill back to the tenants. In addition to the implementation of RUBS, the asset also has considerable rental upside potential, as higher rents are supported throughout the community. New ownership will have the opportunity to acquire a well located and maintained asset with a favorable unit mix and potential for NOI growth.

Location

State AZ

County Maricopa

Community Sun Gardens Replat

Zoning RM4

Interior

Heating Electric

Cooling Electric

Flooring Carpet, Ceramic Tile, Wood

Appliance Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, W/D Hookup

Exterior

Parking Features Add'l Parking Avail, >1 Space Per Unit

Community Features Pool

Roof Type Composition

Total Parking Spaces 8

Garage Yes

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Mesa Unified District

Others

Senior Community No

Tax ID 137-09-338

Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Conventional, 1031 Exchange, FHA, VA Loan

Listed by Matthews Real Estate Investment Services

Mike Domer L

Agent | License ID: SA694944000

+1(602) 488-1227

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North Scottsdale & Carefree Homes for sale by Neighborhood

Mike Domer L

860 E BROWN Road #25 Mesa, AZ 85203

Key Details

Location

Interior

Exterior

Building

Schools

Others

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860 E BROWN Road #25