860 E Brown Road 41 Mesa, AZ 85203
Listing Courtesy of: Arizona Regional MLS / Arizona Best Real Estate

  860 E Brown Road 41 Mesa, AZ 85203

Active (61 Days)

Description

Discover an advantageous investment opportunity in Mesa's sought-after rental market with this well-maintained four-unit property. Plus, it is ideal for investors seeking a 1031 exchange or a stable income stream.

Located just minutes from downtown Mesa, this desirable multi-family home features recent upgrades, including two newly remodeled units.

All units are currently rented, and tenants are responsible for electricity and gas.

The apartment mix includes a spacious single-level unit with three bedrooms and two baths, two townhome-style units each with two bedrooms and 1.5 baths, and a private two bedroom, 1.5 bath apartment above the garages. Recent enhancements include new outlets, switches, washer, and dryer hookups, efficient 14 SEER heat pumps, & modern LED exterior lighting.

Additional upgrades feature a newer roof, refreshed exterior paint, and two units recently remodeled to attract higher rents. Shared garages have been converted into private single-car garages with openers & remotes, enhancing tenant satisfaction and property value.

Residents enjoy a community pool, private patios, garage parking, and professionally maintained landscaping.

Detailed Cap Rates and improvement records are available upon request, highlighting strong rental income potential and historical performance.

Do not miss this rare opportunity to acquire a turnkey multi-family property in Mesa.

Contact the listing Agent if you have any questions or need further assistance!

MLS #:
6728850
Taxes
$1,754
Type
Multifamily
Year Built
1980
County
Maricopa County

Listed By

John Lilly, Arizona Best Real Estate
Source
Arizona Regional MLS
Last checked Sep 8 2024 at 2:11 AM GMT+0000
Bathroom Details
Heating and Cooling
  • Energy Star Qualified Equipment
  • Heat Pump
Flooring
  • Vinyl
  • Ceramic Tile
  • Carpet
Exterior Features
  • Frame - Wood
  • Stucco
  • Roof: Composition
Utility Information
  • Sewer: Public Sewer
School Information
  • Elementary School: Edison Elementary School
  • Middle School: Kino Junior High School
  • High School: Westwood High School
Garage
  • Attached Garage
Parking
  • 1 Space/Unit
  • Attached
  • Auto Door Opener
  • Add'L Parking Avail
  • Assigned
  • Paved Parking
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Interest rate
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Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Listing Data Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All Rights reserved
Information Deemed Reliable but not Guaranteed.
ARMLS Last Updated: 9/7/24 19:11.