860 E BROWN Road 65, Mesa, AZ 85203 (MLS# 6966306)

860 E BROWN Road 65, Mesa, AZ 85203

$835,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $835,000 Last Modified: 2/21/2026

Overview

Description

**WELL-MAINTAINED** 4-Plex is located in the HEART of Central-Mesa's multi-family market~The Sun Gardens Community was originally built-in 1980 & is a TURN-KEY, EXCEPTIONAL Investment Opportunity~Tenants enjoy, UPDATED/REMODELED units w/PRIVATE-YARD areas, GARAGE parking & (3) units have washer/dryer~The property has a UNIQUE-MIX of (3) LARGE 2/1.5 bath units w/(2) being TOWNHOME style & (1) 3/2 bath unit~Each building is sub-metered for water through HOA, this enables NEW Owner to BILL Tenants DIRECTLY for water & Tenants also pay electricity & gas - The HOA is FAVORABLE at $525 per mo., which includes sewer, trash, common-area maintenance & pool service~

Supplements: The Sun Gardens Community is close-to, such local-attractions as: The Oakland A's Spring Training facility, Mesa Country Club & Mesa Riverview shopping center!

Listing Details MLS# 6966306

Location, Tax & Legal

House Number: 860
Compass: E
Street Name: BROWN
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 4944
Country: US
County Code: Maricopa
Subdivision: SUN GARDENS REPLAT
Assessor Number: 137-09-330
Tax Year: 2025
Unit #: 65
Assessor's Map #: 9
Legal Description (Abbrev): LOT 10 SUN GARDENS REPLAT MCR
Assessor's Parcel #: 330
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420901
Taxes: 1748
Legal: LOT 10 SUN GARDENS REPLAT MCR
Marketing Name: 4-Plex + GARAGES

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 72.27 x 52.78 x 72.27 x 52.78
Year Built: 1980
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: Yes
Zoning: MH=MULTI-FAMILY
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Edison Elementary School
Jr. High School: Kino Junior High School
High School: Westwood High School

Remarks Misc

Cross Street: Brown & Stapley
Directions: West on Brown past ''Sun Gardens'' monument sign & take next left into community, follow to back/North-side, look for sign 65-68, park-in open space North-side of bldg.

Status Change Info

Off Market Date: 2026-02-14
Under Contract Date: 2026-01-18
Close of Escrow Date: 2026-02-20

Legal Info

Township: 1N
Range: 5E
Section: 14
Lot Number: 10

More Information

Income Expenses

Gross Annual Sch Inc: 5920
Net Operating Income: 55494

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes
Phone Call: Yes

2 Bedroom Units

# 2 Bedroom Units: 3
Avg Rent: 1373
Avg SqFt: 960
# Baths: 15

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 1650
Avg SqFt: 1200
# Baths: 2

Contact Info

List Agent Home Phn: 602-795-0341

Sold Info

Loan Type: VA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Seller Assist - A
Buyer Concession $/%: $
Seller Concession to Buyer: 8350
Seller Concession $/%: $
Buyer Concession to Seller: 0

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes
Tile: Yes

Floors

Tile: Yes
Vinyl: Yes
Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 4784
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 1342
Annual Mgmt Exp: 3120
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: Yes
Annual Ownr Asoc Fee: 6300
Annual Rplcmnt Rsrvs: 1500
Operating Exp: 18794
Other Income: 250
Vacancy Allowance: 0.25
Adjusted Gross Inc: 4627.5

Pmt & Rate Info

Cap Rate: 6.7
Equity: 827750
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

Pool: Yes

Heating

Forced Air: Yes
Heat Pump: Yes
Electric: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes
Heat Pump: Yes
Individual: Yes

Exterior Amenities

Green Landscaping: Yes
Desert Landscaping: Yes
Fenced: Yes
Cable TV Available: Yes
Sidewalk(s): Yes

Interior Features

Unfurnished: Yes
Vertical Blinds: Yes
Mini Blinds: Yes
Breakfast Bar: Yes

Tenant Pays

Gas: Yes
Water: Yes
Sewer: Yes
Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Road Responsibility

Private Maintained Road: Yes

Water Source

Submetered System: Yes

Sewer

Sewer - Public: Yes

Parking Features

Detached Carport: Yes
>1 Space Per Unit: Yes
Garage Door Opener: Yes
Add'l Parking Avail: Yes

Electric

SRP: Yes
Individual Meter: Yes

Gas

City Gas: Yes
Individual Meter: Yes

Owner Pays

None: Yes

New Financing

Cash: Yes
Conventional: Yes
1031 Exchange: Yes

Existing 1st Loan

Conventional: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Non Assumable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Non Assumable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Non Assumable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition; Tile Floors: Tile; Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: Pool Exterior Amenities: Green Landscaping; Desert Landscaping; Fenced; Cable TV Available; Sidewalk(s) Interior Features: Unfurnished; Vertical Blinds; Mini Blinds; Breakfast Bar Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Forced Air; Heat Pump Cooling: Ceiling Fan(s); Electric; Heat Pump; Individual Water Source: Submetered System Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: City Gas; Individual Meter Parking Features: >1 Space Per Unit; Detached Carport; Garage Door Opener; Add'l Parking Avail Road Surface Type: Asphalt Road Responsibility: Private Maintained Road Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Gas; Cable TV Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Non Assumable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Non Assumable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Non Assumable Existing Othr Ln Trm: Not Applicable New Financing: Cash; Conventional; 1031 Exchange Environmental: None

Documents

LOE ›

MCA ›

Residential Income Prop Addendum 1 ›

Plat Maps ›

Listing Office: CTS Realty

Last Updated: February - 21 - 2026