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Sold on 09/27/2021

2318 E Broadway Rd, Mesa, AZ 85204

  • $625,000

    Last sold 09/27/2021 after 53 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
24 homes bought nearby with Movoto recently

About 2318 E Broadway Rd

Property type Multi-family
Neighborhood
Year built 1972
HOA fee $0/month
Property description
⮚ Nicely gentrifying Mesa area near Downtown. All 2 bedroom unit building has a lot to offer & is nicely polished. *Excellent Rents $1100/$1100/$945/$900-long-term'er. ⮚ Significantly upgraded! All new/newer HVAC units. Roof is about 3 yrs old. Exterior upgrades. All units have upgrades incl. kitchens/baths, more. ⮚ Fantastic curb appeal with nice touches that make this stand out from the competition. Off-street parking. Separate electric tenant paid. W/S/T owner paid. ⮚ Professionally managed. Coin operated laundry (seller owned). Plug & play! ⮚ 5.6 CAP but 6+ proforma. Major big ticket upgrades allow the buyer to save big with cap ex in future. Buyer to complete/rely on own due diligence. OM attached (some expenses estimated).
Listed by
Listing Agent - James C Stephens
Listing Office - Better Homes & Gardens Real Estate SJ Fowler
Source: ARMLS mls logo
MLS#6274927 • last updated 2 years ago
Movoto checked ARMLS for data 8 minutes ago
Overview
Cooling/AC Central Air, See Remarks, Electric, Individual
Heating See Remarks, Individual, Heat Pump, Electric
MLS # 6274927
Type Multiple Dwellings
Status Closed
Property Tax 1142
Year Built 1972
Interior
Flooring Other, Carpet, Ceramic Tile, Vinyl
Appliances Free-Standing Range, Other, Disposal, Refrigerator, Microwave
Exterior
Roof Other
Construction Other, Painted, Block
Parking Other, >1 Space Per Unit, On Street, Carport
# of Open Parking Spaces 6
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Public Sewer
Location
Subdivision OAK PARK MESA UNIT 2
Community Features No Pool
Elementary School Longfellow Elementary School
Elementary School District Mesa Unified District
Middle School Taylor Junior High School
High School District Mesa Unified District
High School Mesa High School
APN 140-25-504
Zoning RM-3
Multifamily Details
Total # of Units 4
Expense: Operating 16251
Financial Data Source Owner, Other (See Remarks), Projected Proforma
Net Operating Income 34991
Gross Income 50100
Expense: Other 15109
Gross Scheduled Income 48540
We are not permitted to show value estimates for this property.
  • Sep 2021
    mls logo MLS # 6274927
  • Sep 27, 2021 Sold
    $625,000
  • Aug 24, 2021 Pending
    —
  • Aug 5, 2021 Listed
    $625,000 (+97.2%)
  • Sep 2021
    Public Records
  • Sep 27, 2021 Sold
    $625,000
  • Jul 2018
    mls logo MLS # 5782118
  • Jul 4, 2018 Sold
    $317,000 (-0.2%)
  • Jun 18, 2018 Listed
    $330,000 (+40.4%)
  • Jul 2018
    Public Records
  • Jul 3, 2018 Sold
    $317,500 (-3.8%)
  • Dec 2007
    Public Records
  • Dec 3, 2007 Sold
    $235,000 (-28.8%)
  • Sep 2005
    Public Records
  • Sep 15, 2005 Sold
    $329,900 (+70.5%)
  • Jan 2004
    Public Records
  • Jan 13, 2004 Sold
    $193,500
  • 2318 E Broadway Rd
    $625K
  • Oak Park Mesa Unit 2
    —
  • 85204
    $420K +2% y/y
  • Mesa
    $489K -1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Robson Elementary School
public Grades PK, K-6
Mesa Unified School District
8/10
Franklin Elementary School
public Grades PK, K-6
Mesa Unified School District
6/10
Franklin West Elementary School
public Grades PK, K-6
Mesa Unified School District
4/10
Taylor Junior High School
public Grades 7-8
Mesa Unified School District
3/10
Mesa High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Oak Park Mesa Unit 2

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  • Real Estate
  • AZ
  • Maricopa County
  • Mesa
  • 85204
  • 2318 E Broadway Rd
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