860 E Brown Road Unit 41, Mesa, AZ 85203

$950,000
List Price
$950,000
Status
ACTIVE
Days on Market
9
MLS#
6728850
City
Mesa
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. 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

Taxes
$1,754
Net Operating Income
$65,720
Cap Rate
6.92
Units
4
Flooring
Carpet, Ceramic Tile, Vinyl
Parking Features
Paved Parking, Assigned, Add'l Parking Avail, Auto Door Opener, Attached, 1 Space/Unit
Construction
Stucco, Frame - Wood
Roofing
Composition
Cooling
Heat Pump, ENERGY STAR Qualified Equipment
Heating
Heat Pump, ENERGY STAR Qualified Equipment
Zoning
RM-4
Subdivision
Sun Gardens Replat
Community Features
Pool
Electric
SRP, Master Meter
Water
See Remarks, City Franchise, Master Meter, Individual Meter
Sewer
Public Sewer
Tenant Pays
See Remarks, Gas, Electricity, Cable TV
New Financing
Conventional, 1031 Exchange
Elementary School
Edison Elementary School
Middle School
Kino Junior High School
High School
Westwood High School
School District
Mesa Unified District

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Arizona Best Real Estate.

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