860 E Brown Rd Unit 25 Mesa, AZ 85203
Mesa Patios NeighborhoodEstimated payment $5,025/month
Highlights
- Wood Flooring
- Heated Community Pool
- Heating Available
- Franklin at Brimhall Elementary School Rated A
- Cooling Available
About This Home
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.
Last Listed By
Matthews Real Estate Investment Services License #SA692958000 Listed on: 06/11/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,645
Year Built
- Built in 1980
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Flooring
- Wood
- Carpet
- Ceramic Tile
Parking
- 8 Parking Spaces
- 4 Covered Spaces
- Over 1 Space Per Unit
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tax Lot 18
- Assessor Parcel Number 137-09-338
Community Details
Overview
- 4 Units
- Building Dimensions are 3,804
- Sun Gardens Replat Subdivision
Recreation
- Heated Community Pool
Building Details
- Operating Expense $13,265
- Gross Income $69,492
- Net Operating Income $45,171
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,645 | $16,763 | -- | -- |
| 2024 | $1,659 | $15,965 | -- | -- |
| 2023 | $1,659 | $63,320 | $12,660 | $50,660 |
| 2022 | $1,625 | $46,580 | $9,310 | $37,270 |
| 2021 | $1,644 | $40,660 | $8,130 | $32,530 |
| 2020 | $1,623 | $34,850 | $6,970 | $27,880 |
| 2019 | $1,516 | $28,780 | $5,750 | $23,030 |
| 2018 | $1,455 | $21,330 | $4,260 | $17,070 |
| 2017 | $1,412 | $18,110 | $3,620 | $14,490 |
| 2016 | $1,386 | $16,780 | $3,350 | $13,430 |
| 2015 | $1,302 | $15,100 | $3,020 | $12,080 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/11/2025 06/11/25 | For Sale | $875,000 | +84.2% | -- |
| 01/09/2019 01/09/19 | Sold | $474,900 | 0.0% | $480 / Sq Ft |
| 01/02/2019 01/02/19 | For Sale | $474,900 | 0.0% | $480 / Sq Ft |
| 11/20/2018 11/20/18 | Pending | -- | -- | -- |
| 11/16/2018 11/16/18 | For Sale | $474,900 | +124.5% | $480 / Sq Ft |
| 08/28/2014 08/28/14 | Sold | $211,500 | +8.5% | $214 / Sq Ft |
| 07/21/2014 07/21/14 | Pending | -- | -- | -- |
| 06/19/2014 06/19/14 | For Sale | $195,000 | -- | $197 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Chicago Title Insurance Co | |
| Warranty Deed | $470,000 | None Available | |
| Deed | -- | Security Title Agency Inc | |
| Warranty Deed | $474,900 | Security Title Agency Inc | |
| Warranty Deed | $211,500 | Old Republic Title Agency | |
| Warranty Deed | $148,500 | Old Republic Title Agency | |
| Cash Sale Deed | $120,000 | None Available | |
| Quit Claim Deed | -- | Chicago Title | |
| Grant Deed | -- | Fidelity National Title | |
| Warranty Deed | $375,000 | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | New Conventional | |
| Closed | $200,000 | New Conventional | |
| Closed | $402,500 | No Value Available | |
| Previous Owner | $346,000 | New Conventional | |
| Previous Owner | $332,430 | New Conventional | |
| Previous Owner | $158,625 | New Conventional | |
| Previous Owner | $174,800 | Unknown | |
| Previous Owner | $174,800 | Purchase Money Mortgage | |
| Previous Owner | $174,800 | Unknown | |
| Previous Owner | $106,000 | Purchase Money Mortgage | |
| Previous Owner | $93,700 | Credit Line Revolving |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6878565
APN: 137-09-338
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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