UNDER CONTRACT- 860 E Brown Rd Mesa AZ 85203-Stable 4 Plex-One 3 Bedroom and three 2 Bedroom Units

360 E Brown Rd Building 25 Mesa AZ 85202-4-Plex Investment | RUBS in Place + Strong Upside Potential

The Property

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 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
(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

Virtual Tour-Coming Soon

If you‘re interested in exploring the features of this property without leaving the comfort of your home, I highly recommend checking out the virtual tour. By clicking on the link provided, you’ll have the opportunity to experience a 360-degree view of the property, giving you a more immersive and interactive perspective. So why not take advantage of this convenient and innovative tool and discover what this property has to offer?

Location

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 Location

Nestled just east of Country Club Drive and minutes from Downtown Mesa, this property enjoys close proximity to major transportation routes including Loop 202, Loop 101, and U.S. 60, ensuring seamless connectivity throughout the Valley. The nearby Valley Metro Light Rail provides direct service to Tempe, ASU Main Campus, and Downtown Phoenix, expanding the appeal to students and commuters alike.

Major Employers & Economic Drivers

Mesa’s economy is anchored by a diverse employment base spanning healthcare, education, aerospace, and technology. The property is conveniently located near several major employers such as:

Banner Desert Medical Center – One of the largest hospitals in Arizona, providing over 3,000 jobs.
Banner Baywood Medical Center and Banner Heart Hospital – Renowned medical facilities serving the East Valley’s growing population.
Boeing Defense, Space & Security – A leading aerospace manufacturer employing over 3,500 in nearby northeast Mesa.
Phoenix-Mesa Gateway Airport – A major transportation and logistics hub that supports thousands of regional jobs.
Mesa Community College and ASU Polytechnic Campus – Two strong education anchors attracting students and staff seeking nearby housing.
Apple Data Command Center, Amazon Fulfillment Centers, and Meta’s Mesa Data Center – Recent corporate investments further fueling rental housing demand.

Healthcare & Education Access

The property benefits from proximity to multiple top-rated healthcare facilities including Banner Children’s at Desert, Mountain Vista Medical Center, and Arizona Spine & Joint Hospital. Educational institutions such as Mesa High School, Edison Elementary, and Mesa Community College serve the area, drawing both families and student renters.

Lifestyle & Recreation

Tenants enjoy easy access to Mesa’s recreational amenities and retail conveniences. Nearby destinations include Riverview Park, Mesa Riverview Shopping Center, Tempe Marketplace, and Hohokam Stadium, the spring training home of the Oakland Athletics. For outdoor enthusiasts, the Usery Mountain Regional Park, Salt River, and Red Mountain trails offer abundant hiking, biking, and kayaking options. Cultural attractions such as the Mesa Arts Center, Arizona Museum of Natural History, and local breweries add to the area’s community charm and lifestyle appeal.

Market Strength

Mesa continues to lead the East Valley in population and job growth, consistently ranking among Arizona’s top-performing rental markets. The city’s focus on revitalization, infrastructure expansion, and technology-driven employment hubs has created a long-term growth environment for investors. This steady demand ensures strong occupancy levels, rent stability, and the potential for continued NOI growth at 360 E Brown Rd.

$845,000

Sale Price

$76,872

Effective Operating Income

$16,211

Operating Expenses

$60,661

Net Operating Income

7.14%

Cap Rate

$845,000

Sale Price

$79,600

Proforma Effective Income

$16,211

Proforma Operating Expenses

$63,252

Proforma Net Operating Income

7.49%

Proforma Cap Rate

Offering Memorandum and Marketing Flyer

To access the Offering Memorandum or the one page Flyer, simply click on the button located below. From there, you’ll be able to download the document in PDF format.

Our Offering Memorandum is an essential resource for anyone who is considering investing in our opportunity. It includes all the necessary information, such as the investment terms, potential risks, financial projections, and more. By reviewing this document, you’ll have a complete understanding of what the investment entails.

If you have any questions or would like to learn more about our investment opportunity, please don’t hesitate to reach out to us. We’re always happy to answer any questions and provide you with the information you need to make an informed decision.

Thank you for considering our investment opportunity, and we hope to hear from you soon!

One Page Flyer Offering Memorandum

Documents

Rent Roll

Rental Comps

Year to Date Books and Records

Last Years Books and Records-2024

List of Improvements

Floor Plans and Appraiser Measurements

Platt Map

CCRs

Schedule of Personal Property

Seller Property Disclosure

Seller Property Disclosure 1-4 Units

Warranties

Insurance Loss Run

Market Condition Advisory

Lead Based Paint Disclosure

Addendum to the Residential Purchase Contract 1-4

We‘d like to invite you to check out the additional photos we have uploaded to our website for our property. These photos offer a more detailed view of the property from various angles and perspectives, giving you a better understanding of its layout and features. Take a few moments to browse through these photos to see for yourself what our property has to offer. We believe that they will provide you with a better insight into our property. Thank you for considering this property, and please don’t hesitate to contact us if you have any questions.

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