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Sold on 08/12/2016

425 E Brown Rd, Mesa, AZ 85203

  • $2,675,000

    Last sold 08/12/2016 after 130 Days

  • 72

    bed

  • 22

    bath

Multi-family not for sale
24 homes bought nearby with Movoto recently

About 425 E Brown Rd

Property type Multi-family
Neighborhood
Year built 1973
HOA fee $0/month
Property description
Stabilized with Value Add Potential!See our Video in the Photos tab! 30-unit, garden-style apartment community located on 1 acre in the heart of Mesa. The property was built in 1973 and is block construction with all new flat roofs. The units have been renovated with granite counter tops, new kitchen cabinets and new black appliances. Washer Dryers in every unit. Amenities include a pool, BBQ/picnic area, and mature landscaping. The complex is comprised of 18 x 2 Bedroom/1 Bathroom units and 12 x 3 Bedroom/2 Bath units, with an average of 843 square feet. Sold on an ''as is basis''.
Listed by
Listing Agent - Germain E Villeneuve
Listing Office - Keller Williams Arizona Realty
Source: ARMLS mls logo
MLS#5423024 • last updated 1 year ago
Movoto checked ARMLS for data 4 minutes ago
Overview
Cooling/AC Electric
Heating Electric
MLS # 5423024
Type Multiple Dwellings
Status Closed
Property Tax 10321
Year Built 1973
Interior
Flooring Carpet, Ceramic Tile, Concrete
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
Exterior
Roof Foam
Construction Painted, Stucco, Block
Parking Paved, >1 Space Per Unit
# of Open Parking Spaces 18
# of Covered Spaces 30
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features Barbecue, Pool
Elementary School District Mesa Unified District
High School District Mesa Unified District
APN 137-32-385-C
Zoning RM-4
Directions At The Intersection Of Brown And Mesa Roads
Multifamily Details
Total # of Units 30
Expense: Operating 97575
Financial Data Source Projected Proforma
Expense: Maintenance 21000
Vacancy Allowance 0.05
Expense: Insurance 3900
Net Operating Income 193273
Gross Income 276780.6
Expense: Electric 5019
Expense: Other 21200
Expense: Professional Management 11654
Expense: Water/Sewer 16981
Gross Scheduled Income 263448
We are not permitted to show value estimates for this property.
  • Aug 2016
    mls logo MLS # 5423024
  • Aug 12, 2016 Sold
    $2,675,000 (-0.7%)
  • Apr 4, 2016 Listed
    $2,695,000
  • 425 E Brown Rd
    $2.67M
  • East Mesa
    $499K
  • 85203
    $539K +16% y/y
  • Mesa
    $489K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
Eisenhower Center for Innovation
public Grades PK, K-6
Mesa Unified School District
6/10
Franklin West Elementary School
public Grades PK, K-6
Mesa Unified School District
8/10
Franklin Elementary School
public Grades PK, K-6
Mesa Unified School District
2/10
Kino Junior High School
public Grades 7-8
Mesa Unified School District
3/10
Westwood High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • AZ
  • Maricopa County
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  • 425 E Brown Rd
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