860 E BROWN Road 77, Mesa, AZ 85203 (MLS# 6315750)

860 E BROWN Road 77, Mesa, AZ 85203

$752,500

Property Type: Multiple Dwellings Status: Closed

Current Price: $752,500 Last Modified: 2/05/2026

Overview

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.

Supplements: 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 ... (Read more)

Listing Details MLS# 6315750

Location, Tax & Legal

Map Code/Grid: Q39
House Number: 860
Compass: E
Street Name: BROWN
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 4946
Country: US
County Code: Maricopa
Subdivision: SUN GARDENS REPLAT
Assessor Number: 137-09-333
Tax Year: 2021
Unit #: 77
Building Number: 13
Assessor's Map #: 9
Assessor's Parcel #: 333
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420901
Taxes: 1644
Legal: LOT 13 SUN GARDENS REPLAT MCR 062030
Marketing Name: Sun Gardens

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 3804 Sq. Ft.
Year Built: 1980
Total # of Units: 4
# of Buildings: Yes
Zoning: RM-4
Flood Zone: No
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
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: Brown and Stapley
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.

Status Change Info

Off Market Date: 2021-11-17
Under Contract Date: 2021-11-17
Close of Escrow Date: 2022-01-03

Legal Info

Township: 1N
Range: 5E
Section: 14
Lot Number: 13

More Information

Income Expenses

Gross Annual Sch Inc: 50100
Net Operating Income: 35058

2 Bedroom Units

# 2 Bedroom Units: 3
Avg Rent: 958
Avg SqFt: 989
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 1300
Avg SqFt: 1069
# Baths: 2

Sold Info

Loan Type: Conventional
Loan Years: 15
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Stucco: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Ins Exp: 1800
Annual Maint Exp: 1000
Annual Mgmt Exp: 3500
Annual Wtr/Swr Exp: 2346
Owner Association: Yes
Annual Ownr Asoc Fee: 4752
Operating Exp: 15042
Other Income: 0
Vacancy Allowance: 0.01
Adjusted Gross Inc: 49599
Total Monthly Rental Income: 4175

Pmt & Rate Info

Cap Rate: 4.67
Equity: 750000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Showing Notification Methods

Text: Yes
Email: Yes
Phone Call: Yes

Lockbox Type

None: Yes

Community Features

Pool: Yes

Heating

Heat Pump: Yes
Natural Gas: Yes

Cooling

Central Air: Yes
Heat Pump: Yes

Exterior Amenities

Landscape Water System: Yes
Desert Landscaping: Yes
Cable TV Available: Yes
Patio/Balcony: Yes
Security Light(s): Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes

Tenant Pays

Gas: Yes
Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
W/D Hookup: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Water Source

Master Meter: Yes
Individual Meter: Yes
See Remarks: Yes

Sewer

Sewer - Public: Yes

Parking Features

Garage: Yes
1 Space/Unit: Yes
Add'l Parking Avail: Yes

Electric

SRP: Yes

Gas

City Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Conventional: Yes
No Carry: Yes
1031 Exchange: Yes

Reports/Disclosures

None: Yes

Environmental

None: 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: Stucco Roofing: Composition Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: Pool Exterior Amenities: Landscape Water System; Desert Landscaping; Cable TV Available; Patio/Balcony; Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup Heating: Natural Gas; Heat Pump Cooling: Heat Pump; Central Air Water Source: Master Meter; Individual Meter; See Remarks Sewer: Sewer - Public Electric: SRP Gas: City Gas Parking Features: Garage; 1 Space/Unit; Add'l Parking Avail Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Conventional; No Carry; 1031 Exchange Environmental: None

Listing Office: Arizona Best Real Estate

Last Updated: February - 05 - 2026