860 E Brown Rd Unit 29 Mesa, AZ 85203
Mesa Patios NeighborhoodEstimated payment $4,526/month
Highlights
- Private Pool
- Central Air
- Heat Pump System
- Franklin at Brimhall Elementary School Rated A
About This Home
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. 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
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,654
Year Built
- Built in 1980
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Parking
- 8 Parking Spaces
- 4 Covered Spaces
- Paved Parking
Pool
- Private Pool
Utilities
- Central Air
- Heat Pump System
- Master Water Meter
Listing and Financial Details
- The owner pays for water, sewer, trash collection
- Tax Lot 1
- Assessor Parcel Number 137-09-321
Community Details
Overview
- 4 Units
- Building Dimensions are 3804
- Sun Gardens Replat Subdivision
Recreation
- Heated Community Pool
Building Details
- Operating Expense $15,075
- Gross Income $5,832
- Net Operating Income $58,600
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 | $1,654 | $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 | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/28/2026 01/28/26 | For Sale | $845,000 | +3.7% | -- | |
| 07/23/2024 07/23/24 | Sold | $815,000 | -4.1% | $1,019 / Sq Ft | View Prior Sale |
| 07/01/2024 07/01/24 | Price Changed | $850,000 | 0.0% | $1,063 / Sq Ft | |
| 06/20/2024 06/20/24 | Pending | -- | -- | -- | |
| 06/05/2024 06/05/24 | For Sale | $850,000 | +44.1% | $1,063 / Sq Ft | |
| 07/07/2020 07/07/20 | Sold | $590,000 | -2.5% | $738 / Sq Ft | View Prior Sale |
| 06/23/2020 06/23/20 | Price Changed | $605,000 | 0.0% | $756 / Sq Ft | |
| 06/15/2020 06/15/20 | Pending | -- | -- | -- | |
| 05/19/2020 05/19/20 | For Sale | $605,000 | 0.0% | $756 / Sq Ft | |
| 02/21/2020 02/21/20 | Pending | -- | -- | -- | |
| 01/09/2020 01/09/20 | For Sale | $605,000 | +27.4% | $756 / Sq Ft | |
| 12/16/2019 12/16/19 | Sold | $475,000 | 0.0% | $594 / Sq Ft | View Prior Sale |
| 12/12/2019 12/12/19 | Pending | -- | -- | -- | |
| 12/02/2019 12/02/19 | For Sale | $475,000 | +21.8% | $594 / Sq Ft | |
| 08/11/2017 08/11/17 | Sold | $390,000 | 0.0% | $488 / Sq Ft | View Prior Sale |
| 08/07/2017 08/07/17 | Pending | -- | -- | -- | |
| 08/07/2017 08/07/17 | For Sale | $390,000 | -- | $488 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $815,000 | Kensington Vanguard National T | |
| Special Warranty Deed | $700,000 | Chicago Title Agency Inc | |
| Warranty Deed | $590,000 | First Integrity Ttl Agcy Of | |
| Warranty Deed | $475,000 | Clear Title Agency Of Az | |
| Interfamily Deed Transfer | -- | Clear Title Agency Of Arizon | |
| Warranty Deed | $390,000 | Clear Title Agency Of Arizon | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $342,000 | Security Title Agency | |
| Special Warranty Deed | $277,250 | Chicago Title Insurance Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $611,250 | New Conventional | |
| Previous Owner | $393,000 | New Conventional | |
| Previous Owner | $356,250 | New Conventional | |
| Previous Owner | $292,500 | New Conventional | |
| Previous Owner | $273,600 | New Conventional | |
| Previous Owner | $249,500 | New Conventional |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6975833
APN: 137-09-321
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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