860 E Brown Road 5, Mesa, AZ 85203

$795,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $795,000 Last Modified: 9/27/2024

Overview

Listing Details MLS# 6747427

Location, Tax & Legal

House Number
860
Compass
E
Street Name
Brown
St Suffix
Road
City/Town Code
Mesa
State/Province
AZ
Zip Code
85203
Country
US
County Code
Maricopa
Assessor Number
137-09-336
Tax Year
2023
Unit #
5
Building Number
5
Assessor's Map #
9
Assessor's Parcel #
336
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Taxes
1659
Legal
LOT 16 SUN GARDENS REPLAT MCR 620-30
Marketing Name
860 E Brown #5

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
3804
Year Built
1980
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
R-4
Elementary School District
Mesa Unified District
High School District
Mesa Unified District

Status Change Info

Off Market Date
2024-09-03
Under Contract Date
2024-08-30
Close of Escrow Date
2024-09-27

Legal Info

Lot Number
16

More Information

Income Expenses

Gross Annual Sch Inc
60955
Net Operating Income
40590

Showing Notification Methods

Showing Service
No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units
3
Avg Rent
1186
Avg SqFt
924
# Baths
8

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
1365
Avg SqFt
1270
# Baths
2

Sold Info

Loan Type
VA
Loan Years
30
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

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Ins Exp
4535
Annual Mgmt Exp
1100
Annual Wtr/Swr Exp
2899
Owner Association
Yes
Annual Ownr Asoc Fee
5700
Operating Exp
15893
Other Income
344
Vacancy Allowance
0
Adjusted Gross Inc
61299

Pmt & Rate Info

Cap Rate
4.98
Equity
815000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

Pool
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Exterior Amenities

Other (See Remarks)
Yes

Interior Features

Other (See Remarks)
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Washer/Dryer
Yes
W/D Hookup
Yes
Other
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Submetered System
Yes

Sewer

Sewer - Public
Yes

Parking Features

Garage
Yes
>1 Space Per Unit
Yes
Paved
Yes

Electric

SRP
Yes

Gas

Other (See Remarks)
Yes

Owner Pays

Water
Yes

New Financing

Cash
Yes
Conventional
Yes
FHA
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: Painted; Stucco Roofing: Composition Floors: Vinyl Sale Includes: Land & Building Community Features: Pool Exterior Amenities: Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: Washer/Dryer; W/D Hookup; Other Cooling: Central Air Water Source: City Franchise; Submetered System Sewer: Sewer - Public Electric: SRP Gas: Other (See Remarks) Parking Features: Garage; >1 Space Per Unit; Paved Road Surface Type: Asphalt Owner Pays: Water Tenant Pays: Electricity Source of Fincl Data: Owner Lockbox Type: None New Financing: Cash; FHA; Conventional Environmental: None
IDX
Listing Office: Matthews Real Estate Investment Services
Last Updated: September - 27 - 2024
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.