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1532 E Broadway Road

Mesa, AZ 85204
  • $485,000
  • STATUS: Closed
  • ON SITE: 191 Days
  • MLS #: 6240730
Sold - 10/29/2021
$485,000
SOLD - 10/29/2021
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Sold for $485,000 with a $15,000 credit to buyer at closing. Cash/hard $ buyer. Value-add. 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.

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© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Yost Realty Group at RE/MAX Casa Grande. Data last updated 2021-12-02T07:15:31.013.
www.yosthomes.com/homes/117549967
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1532 E Broadway Road Mesa, AZ 85204

  • Price: $519,000
  • Status: Closed
  • On Site: 191 Days
  • Updated: 24 min ago
  • MLS #: 6240730
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1962
Built
Neighborhood:
Mesa Homes 2 Replatted
County:
Maricopa
Area:
Mesa
Elementary School:
Longview Elementary School
Middle School:
Mesa Junior High School
High School:
Mesa High School
School District:
004 - Mesa Unified District
Property Description
Sold for $485,000 with a $15,000 credit to buyer at closing. Cash/hard $ buyer. Value-add. 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.
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 3.00 Exterior Amenities Desert LandscapingPartially Fenced Lot Size Dimensions 10880 SQ. FT. Parking >1 Space Per UnitCarportPaved Parking Roads AsphaltCurb(S) & Gutter(S)Dedicated StreetSidewalk(S) Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 800 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigeratorW/D Hookup Cooling Central A/CElectricWindow/Wall Unit Efficiency Unit Avg Sq Ft 400 Efficiency Unit Baths 1 Floors Ceramic Tile Heating CentralElectricOtherSee Remarks Interior Amenities Unfurnished

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 800.00 2 Bedroom Units 3 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 0.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities No Pool Cross Street BroadwayNear Stapley Efficiency Unit Avg Rent 400.00 Efficiency Units 1 Electric Srp Gas None Gross Annual Sch Inc 0.00 Hoa YN No Net Operating Income 0.00 New Financing ConventionalOther (See Remarks) Operating Exp 1222.00 Other Income 0.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type Four Plex Sale Includes Land & Building Sewer Sewer - PublicSewer-In & Connected Source Of Financial Data Other (See Remarks)Projected ProformaProvided By Owner Tax Municipality Mesa Taxes 1222.00 Tenant Pays Cable TvElectric Totl Mnth Rntal Inc 0.00 Vacancy Allowance 0.00 Water City FranchiseMaster Meter Zoning C-3

Listing courtesy of S. J. Fowler Real Estate Inc..


© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Yost Realty Group at RE/MAX Casa Grande. Data last updated 2021-12-02T07:15:31.013.
 
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Yost Realty Group at RE/MAX Casa Grande
317 E. Cottonwood Lane, Suite C
Casa Grande AZ, 85122