Movoto Real Estate
Sold on 01/04/2022
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860 E Brown Rd #77, Mesa, AZ 85203

  • $752,500

    Last sold 01/04/2022 after 63 Days

  • 9

    bed

  • 7

    bath

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

About 860 E Brown Rd #77

Property type Multi-family
Neighborhood
Year built 1980
HOA fee $0/month
Property description
Exceptional, well-maintained long-term rental investment opportunity just minutes from downtown Mesa. Check out the strong financial pro-forma in the documents section. Great floorplan! One single-level unit has 3 bedrooms and 2 baths and there are 2 ''townhome'' style units that are 2 bedrooms with 1 1/2 baths and a third 2 bedroom and 1 1/2 bath unit above the garage for a total of 9 bedrooms! The 3 bedroom unit and the 2 bedroom unit above the garage have separate washer/dryer hookups. All units are 100% occupied and have covered garage parking. The complex has a HOA, a separate laundry room and community pool! New dual-pane windows and sliding glass doors were installed in 2011, New roof was installed in 2013 and all new exterior fiberglass doors were installed over time. This building is the best location in the complex and is a very good geographic location conveniently located close to employment centers, transportation, and everything your tenants need! 3 miles to the AZ-202 freeway, 6 miles to the 101 freeway, 3 light rail stations within 3 miles, 3 miles to downtown Mesa, 1 mile to Edison Elementary School, less than 1 mile to Kino Junior High School and 4 miles to Mesa High School.
Listed by
Listing Agent - John Lilly
Listing Office - Arizona Best Real Estate
Source: ARMLS mls logo
MLS#6315750 • last updated 5 months ago
Movoto checked ARMLS for data 1 minute ago
Overview
Cooling/AC Central Air, Heat Pump
Heating Heat Pump, Natural Gas
MLS # 6315750
Type Multiple Dwellings
Status Closed
Property Tax 1644
Year Built 1980
Interior
Flooring Carpet, Ceramic Tile, Vinyl
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, W/D Hookup
Exterior
Roof Composition
Construction Wood Frame, Stucco
Parking Add'l Parking Avail, 1 Space/Unit
# of Covered Spaces 4
Amenities / Utilities
Water Source See Remarks, Individual Meter, Master Meter
Sewer/Septic Public Sewer
Security Features Security Light(s)
Location
Subdivision SUN GARDENS REPLAT
Community Features Pool
Elementary School Edison Elementary School
Elementary School District Mesa Unified District
Middle School Kino Junior High School
High School District Mesa Unified District
High School Westwood High School
APN 137-09-333
Zoning RM-4
Directions West On Brown, North At First Turn Into Complex, 4-plex Is Located In The Far Southeast Corner Of The Complex - Building 13, Units 77-80.
Multifamily Details
Total # of Units 4
Expense: Operating 15042
Financial Data Source Owner, Projected Proforma
Expense: Maintenance 1000
Vacancy Allowance 0.01
Expense: Insurance 1800
Net Operating Income 35058
Gross Income 49599
Expense: Professional Management 3500
Expense: Water/Sewer 2346
Gross Scheduled Income 50100
Lot/ Land Details
Road Surface Asphalt
We are not permitted to show value estimates for this property.
  • Jan 2022
    Public Records
  • Jan 3, 2022 Sold
    $752,500
  • Jan 2022
    mls logo MLS # 6315750
  • Jan 3, 2022 Sold
    $752,500 (+0.3%)
  • Nov 6, 2021 Pending
  • Nov 2, 2021 Listed
    $750,000 (+669.2%)
  • Dec 2010
    Public Records
  • Dec 16, 2010 Sold
    $97,500 (-78.3%)
  • Sep 2005
    Public Records
  • Sep 2, 2005 Sold
    $450,000
  • 860 E Brown Rd #77
    $752K
  • East Mesa
    $499K
  • 85203
    $525K +16% y/y
  • Mesa
    $494K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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  • 860 E Brown Rd #77
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