2216 E BROADWAY Road, Mesa, AZ 85204

$695,000
Property Type: Multiple Dwellings Status: Active
Current Price: $695,000 Last Modified: 6/10/2026

Overview

Description

Fantastic investment opportunity in Central Mesa. This 4plex features all 2 bed 1 bath units with long term tenants already in place. Current rents are below market but all 4 tenants are on month to month leases, so increasing rents is possible with 30 day notices. All facts and figures approximate, buyer to verify to their satisfaction.

Listing Details MLS# 7040102

Location, Tax & Legal

House Number
2216
Compass
E
Street Name
BROADWAY
St Suffix
Road
City/Town Code
Mesa
State/Province
AZ
Zip Code
85204
Zip4
1456
Country
US
County Code
Maricopa
Subdivision
OAK PARK MESA UNIT 2
Assessor Number
140-25-492
Tax Year
2025
Assessor's Map #
25
Legal Description (Abbrev)
LOT 82 OAK PARK MESA UNIT 2 MCR 010147
Assessor's Parcel #
492
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
421702
Taxes
1269
Legal
LOT 82 OAK PARK MESA UNIT 2 MCR 010147
Marketing Name
unk

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
8764 sq ft
Year Built
1972
Uncvrd Parking Spcs
3
Total # of Units
4
# of Buildings
Yes
Zoning
M-H
Flood Zone
No
Elementary School District
Mesa Unified District
High School District
Mesa Unified District

Remarks Misc

Cross Street
Gilbert Rd/Broadway

Legal Info

Township
1N
Range
6E
Section
19
Lot Number
82

Income Expenses

Gross Annual Sch Inc
47760
Net Operating Income
47760

More Information

Showing Notification Methods

Showing Service
No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
995
Avg SqFt
841
# Baths
Yes

Contact Info

List Agent Home Phn
480-689-6360

Project Type

Four Plex
Yes

Construction

Block
Yes
Wood Frame
Yes

Const - Finish

Wood Siding
Yes

Roofing

Composition
Yes

Floors

Tile
Yes
Vinyl
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
1269
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
47760

Pmt & Rate Info

Cap Rate
6.87
Equity
695000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Electric
Yes
Central
Yes

Cooling

Central Air
Yes
Electric
Yes
Heat Pump
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Free-Standing Electric Oven
Yes
Refrigerator
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Detached Carport
Yes
1 Space/Unit
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash
Yes
Conventional
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Block; Wood Frame Const - Finish: Wood Siding Roofing: Composition Floors: Tile; Vinyl Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Electric Oven; Refrigerator Heating: Central; Heat Pump Cooling: Electric; Heat Pump; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: 1 Space/Unit; Detached Carport Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner Lockbox Type: None New Financing: Cash; Conventional Environmental: None
IDX
Listing Office: Erickson Realty Group L.L.C.
Last Updated: June - 10 - 2026
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