Sun Gardens 860 E Brown Rd Immeuble residentiel 4 lots 759 150 € (189 788 €/Lot) Taux de capitalisation 6,60 % Mesa, AZ 85203

860 E Brown Rd 25 is a townhome-style 4-unit property located in the Central Mesa Submarket of Mesa, AZ. Originally built in 1980, this property features a unique mix of (3) large 2-bedroom, 1.5-bathroom units, and (1) 3-bedroom, 2-bathroom unit along with (2) two-car garages. Each unit offers in-unit laundry hookups as well as access to shared amenities such as a community pool and assigned parking. All 4 units are also sub metered for water, allowing for utility bill back to the tenants. In addition to the implementation of RUBS, the asset also has considerable rental upside potential, as higher rents are supported throughout the community. New ownership will have the opportunity to acquire a well located and maintained asset with a favorable unit mix and potential for NOI growth.
The asset sits within the Sun Gardens Apartments HOA and is located just a few miles from attractions such as the Oakland A’s Spring Training facility, Mesa Country Club, and Mesa Riverview. In addition, the property benefits from its strong location near schools, retail centers, and major freeway access. The Central Mesa Submarket has seen substantial growth over recent years and is seen as a desirable submarket for both investors and tenants.
Broker of Record
David Harrington
License No. CO701910000 (AZ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100,
Scottsdale, AZ 85251