Address
1532 E Broadway Road Mesa, AZ
Price
$ 519,000
Property Attributes
  • MLS#6240730
  • TypeMulti-Family
  • CountyMARICOPA
  • CityMesa
  • NeighborhoodMesa Homes 2 Replatted
  • Zip85204
  • Style
  • Year Built1962
  • Taxes$ 1222
  • Price$ 519,000
  • Bedrooms6
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2400
Listing Provided Courtesy Of:
S. J. Fowler Real Estate Inc.
Data Source:
Arizona Regional MLS (ARMLSN) - 22 - AZ
Property Description

Sought after 4 unit in Downtown Mesa. Priced low to reflect a light/medium value-add that is required. Unit mix consists of three large 2 bedroom/1 bath units (800 SF-$800 Rent +/-), along with a big Studio/1 bath unit (400 SF-$400 Rent +/-). Tenant paid electric with separate HVAC units in good condition (all 2 bedroom units). Studio unit has wall heating/cooling. All tenant leases either month-to-month or coming up for renewal by the fall. Rents are well-below market. Tile everywhere, w/d hookups. Carport. Close to Main St/LRT. Showings in escrow only. Buyer to complete and rely on own due diligence. OM & RR available upon request.

Elementary School Middle School High School
Longview Elementary School Mesa Junior High School Mesa High School
Price History
5/25/2021 Listed $560,000
7/1/2021 3% - $548,000
8/9/2021 6% - $519,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 800.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Cooling Central A/C, Electric, Window/Wall Unit
Electric SRP
Elementary School Longview Elementary School
Exterior Features Desert Landscaping, Partially Fenced
Features No Pool
Gas Y/N None
Heating Central, Electric, Other, See Remarks
High School Mesa High School
Interior Features Unfurnished
Map Code/Grid R39
Middle School Mesa Junior High School
Net Income 0.00
New Financing Conventional, Other (See Remarks)
Owner Pays Landscaping, Sewer, Trash Collection, Water
Parking >1 Space Per Unit, Carport, Paved Parking
Property Type F
Roof Comp Shingle
School District 004 - Mesa Unified District
Sewer Sewer - Public, Sewer-In & Connected
Status Active
Subdivision MESA HOMES 2 REPLATTED
Tenant Pays Cable TV, Electric
Water City Franchise, Master Meter
Year Built 1962
Zoning C-3

Interior Features

2 Bedroom Units: # 2 Bedroom Units 3
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 800
Appliances Included F/S Oven/Range, Refrigerator, W/D Hookup
Floors Ceramic Tile
Total Number of Units 4.00

Exterior Features

Public Remarks Sought after 4 unit in Downtown Mesa. Priced low to reflect a light/medium value-add that is required. Unit mix consists of three large 2 bedroom/1 bath units (800 SF-$800 Rent +/-)
Sale Includes Land & Building
Const - Finish Painted
Covered Parking Spcs 3.00
Lot Size Dimensions 10, 880 SQ. FT.
Total Parking Spcs 5.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85204

Price
AVG $560K
$520K
Taxes
AVG $1,431
$1,222
Visits
AVG 88
104
Year Built
AVG 1967
1962

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