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$835,000
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Property Description
Well-Maintained 4-Unit Asset | Favorable HOA Structure | Strong Upside Potential HOA is responsible for Sewer / Trash / Landscaping/Pool Discover an exceptional multifamily investment opportunity in the thriving East Valley at 360 E Brown Rd, Mesa AZ. 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, this well-maintained four-plex features a diverse unit mix designed for long-term occupancy and operational flexibility: (3) Large 2-Bedroom / 1.5-Bathroom Townhome-Style Units Well-Maintained 4-Unit Asset | Favorable HOA Structure | Strong Upside Potential Discover an exceptional multifamily investment opportunity in the thriving East Valley at 360 E Brown Rd, Mesa AZ. Located within the desirable Sun Gardens Apartments community, this property combines stability, tenant appeal, and significant income growth potentialideal for investors seeking dependable returns with low management demands. Property Overview Originally built in 1980, this well-maintained four-plex features a diverse unit mix designed for long-term occupancy and operational flexibility: (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, individual washer and dryer hookups, and access to the well-kept community pool. HOA & Operating Advantages HOA Includes: Water | Sewer | Trash | Landscaping RUBS In Place: Each tenant pays ¼ of the HOA dues, ensuring efficient cost recovery and reduced owner expenses. Low-Maintenance Asset: The HOA's coverage of landscaping and core utilities streamlines management and enhances cash-flow consistency. Unit Highlights Townhome Units: Two-story layouts with no neighbors above or below, featuring open great rooms, eat-in kitchens, and fenced patios bordering lush common areas. 3-Bedroom Unit (#3): Desirable single-level floor plan with AC, ceiling fans, washer/dryer hookups, and a private back patio perfect for barbecuing. Parking: Each unit has garage access with additional open spaces for residents and guests. Community Features Refreshing Community Pool for tenant enjoyment 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 Investment Highlights HOA Includes Water / Sewer / Trash / Landscaping - Reduced ownership burden RUBS Implemented - Each tenant reimburses ¼ of the HOA dues Washer & Dryer in Each Unit - High tenant satisfaction and retention Ample Parking + Garages - Rare amenity in similar multifamily assets Rental Upside Potential - Market supports higher rents Desirable Unit Mix - Townhome-style 2-bedroom units + 1 spacious 3-bedroom Low-Maintenance Investment - Well-run HOA and established RUBS system Prime Mesa Location - Central access to employment, retail, and transit Summary With a strong unit mix, favorable HOA structure, and RUBS system already in place, 360 E Brown Rd offers investors a turnkey, income-producing asset positioned for both stability and growth. Its combination of efficient operations, tenant-friendly amenities, and continued rental upside makes this a compelling opportunity in the heart of Mesa's thriving multifamily market. Buyer to verify all facts and figures Located in the rapidly growing East Valley submarket of Mesa, 360 E Brown Rd offers investors a property positioned in one of the most dynamic and high-demand rental corridors in the Phoenix Metro area. Mesa's blend of affordability, accessibility, and employment diversity continues to attract long-term tenants, making it a consistent performer in multifamily investment portfolios. Prime East Valley Loc
Full Property Details
Full Property Details for 860 E Brown Rd #25-28
General
- Sold For: $835,000
- HOA FEE: $1,250
- Taxes: $1,653 (2025)
- Status: Closed
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6939892
- Added to Site: 78 day(s) ago
Interior
- Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer and Dryer Hookups
- Flooring: Carpet, Ceramic Tile, Wood
Parking
- Parking Features: Paved, Free, Add'l Parking Avail, Garage Door Opener
Location
- County: Maricopa
- Township: 1N
- Subdivision: SUN GARDENS REPLAT
- Cross Streets: Brown & Stapley
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Heat Pump, Individual
- Heating Type: Individual, Heat Pump
Utilities
- Water: Master Meter, City Franchise
Structural Information
- # Buildings: 1
- Exterior Const.: Wood Frame, Painted, Stucco
- Roof: Composition
- Year Built: 1980
Unit Information
- Vacancy %: .03
Lot Features
- Lot Dimensions: 3804
- Zoning: RM4
Financial Considerations
- Maint. Fee/Month: $1,250
- Tax Amount: $1,653
- Tax Year: 2025
- Terms: No Carry, Conventional, FHA, VA Loan
- Owner Pays: Trash Collection, Water, Sewer
Disclosures and Reports
- Legal Description: LOT 18 SUN GARDENS REPLAT MCR 062030
- Property ID: 137-09-338
- Range: 5E
- Section: 14
- Lot Number: 18
Listed and Sold by Gerchick Real Estate
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Price & Sales History for 860 E Brown Rd #25-28
Date
Details
Price
Change
Source
12/01/2025
Sold
$835,000
-1.18%
MLS
10/29/2025
Listed
$845,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
860 E Brown Road #25-28, Mesa, AZ 85203 (MLS# 6939892) is a Multi-Family property that was sold at $835,000 on December 01, 2025. Want to learn more about 860 E Brown Road #25-28? Do you have questions about finding other Multi-Family real estate for sale in Mesa? You can browse all Mesa real estate or contact a Coldwell Banker agent to request more information.

