End-Unit Residential Income
New
For Sale
$315,000
222 W BROWN Road 99, Mesa, AZ 85201
A remodeled kitchen, downstairs primary suite, and private covered patio shape this townhome’s practical layout.
Property Size1,343 SF
Price / SF$234.55
Days on Market6
Property Features for 222 W BROWN Road 99
General Information
Standard status
Active
Size
1,343 SF
Total Parking Spaces
2
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$473
Amenities
pool
spa
Building Details
Year Built
1983
Listing Agency:
Real Broker
Listed By:
Kristopher Durbin · License #SA682249000
(480) 799-5885
Source:
Alexiabertsatos
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 6 at 2:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker
Investment Insights
Based on property information with market context.
This 1,343-square-foot end-unit townhome offers three bedrooms and two bathrooms, including a primary suite on the ground floor. The great room has vaulted ceilings, a brick fireplace, and wood-look flooring. Kitchen updates include quartz-style countertops, a subway-tile backsplash, stainless-steel appliances, recessed lighting, and contemporary cabinetry. Updated bathrooms, neutral paint, ceiling fans, and French doors to a covered patio with storage round out the interior. Built in 1983, the property also includes two assigned parking spaces, one of them covered.
Residents have access to a community pool and spa. Shopping, dining, parks, and Mesa’s spring-training stadiums are described as minutes away.
Residents have access to a community pool and spa. Shopping, dining, parks, and Mesa’s spring-training stadiums are described as minutes away.
Key Highlights
- 1,343‑square‑foot end‑unit townhome with 3 bedrooms and 2 bathrooms
- Downstairs primary suite
- Remodeled kitchen with quartz‑style countertops, subway‑tile backsplash, and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,245
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,900
$304.9K
Cap Rate 7%
$217,786
$217.8K
Cap Rate 9%
$169,389
$169.4K
Market Conditions
NOI Build-Up for 1,343 SF
Gross rent
$29.3K $21.84/SF
− Vacancy
−$1.6K −$1.20/SF
EGI
$27.7K $20.64/SF
− OpEx
−$12.5K −$9.29/SF
NOI
$15.2K $11.35/SF
Area
ZIP 85201
Vacancy
5.50%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,900
Cap Rate 7%
$217,786
Cap Rate 9%
$169,389
Alternative Uses
Best Use
Apartment 5plus
$217.8K
$190.6K – $254.1K
NOI $15,245 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$348.1K
$304.6K – $406.1K
NOI $24,367 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
817
Businesses Nearby
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Business Placement
Demographics for 85201, AZ
51,187
Population
23,099
Households
2.2
Avg Household Size
33
Median Age
27%
College-Educated
87%
High-School Grad
9.4 sq mi
ZIP Area
5,445
Density / Sq Mi
$63,725
Median Household Income
$40,067
Median Earnings
$1,349
Median Rent
$292,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A remodeled kitchen, downstairs primary suite, and private covered patio shape this townhome’s practical layout.
Where is this residential income property located?
The property is located at 222 W BROWN Road 99 Mesa, AZ.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,343‑square‑foot end‑unit townhome with 3 bedrooms and 2 bathrooms; Downstairs primary suite; Remodeled kitchen with quartz‑style countertops, subway‑tile backsplash, and stainless‑steel appliances
