860 E BROWN Road 29, Mesa, AZ 85203
$845,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$845,000
Last Modified:
1/28/2026
Description
New roof on this Well-Maintained 4-Unit Asset with 30 year transferable warranty. New windows throughout. Favorable HOA Structure and strong upside potential
Discover an exceptional multifamily investment opportunity located within the desirable Sun Gardens Apartments community. This property combines stability, tenant appeal, and significant income growth potential, ideal for investors seeking dependable returns with low management demands.
Property Overview: Originally built in 1980, (3) Large 2-Bedroom / 1.5-Bathroom Townhome-Style Units
(1) Spacious 3-Bedroom / 2-Bathroom Single-Level Unit
(2) Two-Car Garages + Additional Assigned / Unassigned Parking
Each unit enjoys private fenced patios, 2 units have washer and dryer hookups, and access to the well-kept community pool.
Supplements: HOA Includes: Sewer, Trash and Landscaping. Water is sub metered for each unit so tenant can be billed separately. Community Features a refreshing community pool for tenant enjoyment plus multiple green spaces and landscaping. Security Cameras for added peace of mind Professionally Maintained Landscaping included in HOA Convenient Location minutes from Loop 202, Downtown Mesa, schools, and major employers Buyer to verify all facts and figures
More Information MLS# 6975833
Contract Info
Ownership: Fee Simple
Current Price: $845,000
List Price: $845,000
Status: Active
List Date: 2026-01-28
Location, Tax & Legal
Unit #: 29
Assessor's Map #: 9
Legal Description (Abbrev): LOT 1 SUN GARDENS REPLAT MCR
Assessor's Parcel #: 321
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420901
Taxes: 1654
Legal: LOT 1 SUN GARDENS REPLAT MCR
Marketing Name: Sun Gardens Replat
House Number: 860
Compass: E
Street Name: BROWN
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 4938
County Code: Maricopa
Subdivision: SUN GARDENS REPLAT
Assessor Number: 137-09-321
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 3804
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1980
Zoning: M-H
Legal Info
Range: 5E
Section: 14
Township: 1N
Lot Number: 1
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Tile: 1
Vinyl: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 4000
Annual Mgmt Exp: 3121
Owner Association: Yes
Annual Ownr Asoc Fee: 6300
Operating Exp: 15075
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 5831.64
Pmt & Rate Info
Cap Rate: 6.93
Equity: 845000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Community Features
Pool: 1
Heating
Heat Pump: 1
Individual: 1
Cooling
Central Air: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Separate Storage: 1
Security Light(s): 1
Interior Features
Mini Blinds: 1
Breakfast Bar: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Free-Standing Electric Oven: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
Paved: 1
Garage Door Opener: 1
Add'l Parking Avail: 1
Attached Garage: 1
Off Street: 1
Electric
SRP: 1
Individual Meter: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1422
Avg SqFt: 960
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1667
Avg SqFt: 1200
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Brown and Stapley
Directions: From the intersection of Country Club Dr. and Brown Road, go east on Brown Rd for approximately 0.3 miles. The Sun Gardens Apartments community will be on your left side just past Mesa Drive. Turn left into the community entrance at 860 E Brown Rd and follow the internal drive to locate the property on the right. Visitor unassigned parking are conveniently available near entry.
Geo Lat: 33.435812
Geo Lon: -111.81242
Income Expenses
Gross Annual Sch Inc: 6012
Net Operating Income: 58600
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Tile; Vinyl; Carpet
Sale Includes: Land & Building
Community Features: Pool
Exterior Amenities: Landscape Water System; Green Landscaping; Cable TV Available; Sidewalk(s); Patio/Balcony; Separate Storage; Security Light(s)
Interior Features: Mini Blinds; Breakfast Bar
Appliances Included: Free-Standing Electric Oven; Refrigerator; Microwave; Washer/Dryer
Heating: Individual; Heat Pump
Cooling: Individual; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: SW Gas
Parking Features: Garage; Garage Door Opener; Add'l Parking Avail; Paved; Attached Garage; Off Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner; Projected Proforma
Lockbox Type: Supra
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; No Carry
Environmental: None
Listing Office:
Call Realty, Inc.
Last Updated: January - 28 - 2026
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