Updated End-Unit Residential Income
For Sale
$299,999
222 W BROWN Road #99, Mesa, AZ 85201
The townhome includes a downstairs primary suite, covered patio, and two assigned parking spaces.
Property Size1,343 SF
Price / SF$223.38
Days on Market31
Property Features for 222 W BROWN Road #99
General Information
Standard status
Active
Size
1,343 SF
Total Parking Spaces
2
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
community pool
spa
Building Details
Year Built
1983
Listing Agency:
Berkshire Hathaway Homeservices Arizona Properties
Listed By:
Kathryn Thomas
(480) 505-6300
Source:
Kathrynthomas
Added: Oct 2
Changed: Nov 1
Last Checked: Oct 31 at 10:43PM
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 Berkshire Hathaway Homeservices Arizona Properties
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Investment Insights
Based on property information with market context.
Built in 1983, this 1,343-square-foot end-unit townhome has three bedrooms and two bathrooms. The interior features an open great room with vaulted ceilings, a brick fireplace, and wood-look flooring. The remodeled kitchen has quartz-style countertops, a subway-tile backsplash, stainless-steel appliances, recessed lighting, and updated cabinetry and fixtures. The primary suite is downstairs, and French doors lead to a covered patio with storage. Updated bathrooms, neutral paint, and ceiling fans complete the interior improvements.
The property includes two assigned parking spaces, one covered. Community amenities include a pool and spa. The seller is willing to install turf.
The property includes two assigned parking spaces, one covered. Community amenities include a pool and spa. The seller is willing to install turf.
Key Highlights
- End‑unit townhome with 3 bedrooms and 2 bathrooms
- 1,343 square feet; built in 1983
- Downstairs primary suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,245
Cap Rate
5.08%
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 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$348.1K
$304.6K – $406.1K
NOI $24,367 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
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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 - The townhome includes a downstairs primary suite, covered patio, and two assigned parking spaces.
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 $299,999.
What are key features of this property?
This property features: End‑unit townhome with 3 bedrooms and 2 bathrooms; 1,343 square feet; built in 1983; Downstairs primary suite
