1860 E BROADWAY Road, Mesa, AZ 85204
$900,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$900,000
List Date:
9/26/2022
Last Modified:
4/21/2025
Description
Setting on over 1.5 acres of land in Mesa, these RM-2 zoned parcels have a great deal of upward potential. The current tenants are month to month in all units.
Parcels 138-02-106 & 138-02-107C are included in this sale.
Please call LA for details on the units, land use, rental income, and zoning.
More Information MLS# 6468771
Contract Info
Ownership: Fee Simple
Current Price: $900,000
Sold Price: $900,000
Status: Closed
List Date: 2022-09-23
Location, Tax & Legal
Assessor's Map #: 2
Legal Description (Abbrev): E 4 AC OF W2 SE4 SE4 EX N 990F & EX S 40F & EX E 25F & EX 10F X 10F TRI IN SE COR P/D 13512-1066
Assessor's Parcel #: 107
Assessor Parcel Ltr: C
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 421602
Taxes: 0
Legal: E 4 AC OF W2 SE4 SE4 EX N 990F & EX S 40F & EX E 25F & EX 10F X 10F TRI IN SE COR P/D 13512-1066
Marketing Name: 1852-1860 E Broadway
Map Code/Grid: R39
House Number: 1860
Compass: E
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 2416
County Code: Maricopa
Assessor Number: 138-02-107-C
Tax Year: 2022
General Property Description
# of Buildings: 4
Uncvrd Parking Spcs: 30
Lot Size Dimensions: 295.13 x 231.76
Flood Zone: TBD
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1951
Zoning: RM-2
Legal Info
Range: 5E
Section: 24
Township: 1N
Lot Number: C
Project Type
Other (See Remarks): 1
Other Type
House + Rental Units: 1
Other (See Remarks): 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Concrete: 1
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Other: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 78000
Pmt & Rate Info
Cap Rate: 5.53
Equity: 1175000
Down Payment %: 30
Monthly Payments: 5200
Total Owed: 0
Payment Includes
Principal: 1
Interest: 1
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Natural Gas: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Window/Wall Unit: 1
Exterior Amenities
Fenced: 1
Cable TV Available: 1
Sidewalk(s): 1
Interior Features
Other (See Remarks): 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Gravel: 1
Source of Fincl Data
Owner: 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Other: 1
Electric
SRP: 1
Master Meter: 1
Gas
SW Gas: 1
Master Meter: 1
Owner Pays
None: 1
New Financing
Conventional: 1
Owner May Carry: 1
1031 Exchange: 1
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 600
Avg SqFt: 550
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1300
Avg SqFt: 1080
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Carryback
Loan Years: 15
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: Gilbert and Broadway Roads
Directions: Head S on Gilbert Road from US-60. Turn left on Broadway Road. Property on the North side of the road after Shouse Drive.
Geo Lat: 33.4086
Geo Lon: -111.790684
Status Change Info
Off Market Date: 2022-11-11
Under Contract Date: 2022-11-01
Close of Escrow Date: 2022-11-14
Sold Price: $900,000
Income Expenses
Gross Annual Sch Inc: 78000
Net Operating Income: 65000
Property Features
Project Type: Other (See Remarks)
Other Type: House + Rental Units; Other (See Remarks)
Construction: Block; Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Concrete; Vinyl; Ceramic Tile; Carpet; Other
Sale Includes: Land & Building
Payment Includes: Principal; Interest
Community Features: No Pool
Exterior Amenities: Fenced; Cable TV Available; Sidewalk(s)
Interior Features: Other (See Remarks)
Appliances Included: Free-Standing Range; Refrigerator; W/D Hookup
Heating: Natural Gas
Cooling: Ceiling Fan(s); Window/Wall Unit; Central Air
Water Source: Master Meter
Sewer: Sewer - Public
Electric: SRP; Master Meter
Gas: SW Gas; Master Meter
Parking Features: Carport; Other
Road Surface Type: Gravel; Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Trash Collection
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional; Owner May Carry; 1031 Exchange; Other (See Remarks)
Environmental: None
Listing Office:
West USA Realty
Last Updated: April - 21 - 2025
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