The Condo Mania Team
Tempe Condo ManiaMLS: 7039816 $299,000
3 Bedrooms with 3 Baths5808 E BROWN ROAD 68#68
MESA AZ 85205MLS: 7039816
Status: ACTIVE
List Price: $299,000
Price per SQFT: $234
Square Footage: 12803 Bedrooms
3 Baths
Year Built: 1994
Zip Code: 85205
Listing Remarks
East Mesa's Alta Mesa corridor has quietly become one of the more dependable rental markets in the Valley. Established infrastructure, strong school proximity, easy freeway access via the 202, and consistent tenant demand make this pocket of 85205 a reliable hold for investors who know where to look. This three bedroom, two and a half bathroom townhome is currently occupied with a paying tenant at $1,795 per month, meaning the income starts on day one. No lease up period, no vacancy to absorb, and the AC unit was replaced in 2023. The two story layout with an enclosed private patio, all appliances included, and a convenient half bath on the main level makes it the kind of unit that attracts and retains quality long term tenants. Three bedrooms with two and a half bathrooms at this price point is a combination that rents well and stays rented. The Alta Mesa area draws tenants who want proximity to Red Mountain High School, walkable conveniences, and a neighborhood that feels stable and lived in rather than transient. That profile tends to produce lower turnover, which is exactly what you want in a buy and hold asset. Entry is accessible. The rent is already in place. And east Mesa is not going anywhere. For an investor looking to add a performing, low maintenance unit in a proven rental corridor without having to piece it together yourself, this is the kind of opportunity worth moving on.
Address: 5808 E BROWN ROAD 68#68 MESA AZ 85205
ARMLS MASON WEISS of BARRETT REAL ESTATE
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Condo Mania Agent
Mary Ann Kren
Homesmart
Real Estate Agent
Phone: 480-221-4437
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Listing Details
STATUS: Active PROPERTY TYPE: Residential PROPERTY SUB TYPE: Townhouse LISTING CONTRACT DATE: 2026-06-10 BEDROOMS: 3 LIVING AREA SQ FT: 1280 LIVING AREA SOURCE: Assessor YEAR BUILT: 1994 TAXES: $826 HOA/MGMT CO: Cortina Vista HOA HOA/MGMT PHONE: 480-339-8793 HOA FEES FREQUENCY: Monthly HOA FEES: $195 HOA #2 FEES FREQUENCY: Monthly HOA #2 FEES: $67 HOA INCLUDES: Roof Repair, Insurance, Maintenance Grounds, Front Yard Maint, Trash, Roof Replacement, Maintenance Exterior APPLIANCES INCLUDED: Dryer, Washer, Refrigerator, Dishwasher, Disposal, Electric Oven BUILDER NAME: Unknown CONSTRUCTION: Stucco, Wood Frame, Painted FLOORING: Laminate HEATING: Electric COOLING: Central Air INTERIOR FEATURES: Eat-in Kitchen, Full Bth Master Bdrm LOT FEATURES: Grass Front # GARAGE SPACES: 0 # CARPORT SPACES: 1 ROOF: Tile STORIES TOTAL: 2 LEGAL DESCRIPTION: LOT 68 CORTINA VISTA AMD MCR 036803 LISTING AGENT: MASON WEISS LISTING OFFICE: BARRETT REAL ESTATE LISTING CONTACT: 480-818-7745
Estimated Monthly Payments
List Price: $299,000 20% Down Payment: $59,800 Loan Amount: $239,200 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $1,512 Estimate does not include taxes, fees, insurance.
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Property Location: 5808 E BROWN ROAD 68#68 MESA AZ 85205
This Listing
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Condo Mania Agent
Angela Covey
Homesmart
Real Estate Agent
Phone: 602-677-9038
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Last Updated: 2026-06-10 10:36:34