2306 E BROADWAY Road, Mesa, AZ 85204

$700,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $700,000 Last Modified: 2/11/2025

Overview

Description

Take a look at this exceptional investment opportunity. This well maintained 4-plex is in a great location near downtown Mesa. Do not go onto the property, drive-by only.

Listing Details MLS# 6647377

Location, Tax & Legal

House Number
2306
Compass
E
Street Name
BROADWAY
St Suffix
Road
City/Town Code
Mesa
State/Province
AZ
Zip Code
85204
Zip4
1458
Country
US
County Code
Maricopa
Subdivision
OAK PARK MESA UNIT 2
Assessor Number
140-25-502
Tax Year
2023
Assessor's Map #
25
Legal Description (Abbrev)
LOT 92 OAK PARK MESA UNIT 2 MCR 010147
Assessor's Parcel #
502
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
421702
Taxes
1169
Legal
LOT 92 OAK PARK MESA UNIT 2 MCR 010147
Marketing Name
None

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
ERR
Year Built
1973
Total # of Units
4
# of Buildings
Yes
Zoning
R4
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Uncvrd Parking Spcs
0

Status Change Info

Off Market Date
2024-03-22
Under Contract Date
2024-02-28
Close of Escrow Date
2024-03-29

Legal Info

Township
1N
Range
6E
Section
19
Lot Number
92

More Information

Income Expenses

Gross Annual Sch Inc
57600

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Phone Call
Yes

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1200
Avg SqFt
730
# Baths
Yes

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Other
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
1169
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
54720

Pmt & Rate Info

Equity
749000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

1 Space/Unit
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
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 Const - Finish: Painted Roofing: Other Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Projected Proforma Showing Notification Methods: Text; Phone Call Lockbox Type: None New Financing: VA; FHA; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: ATLAS AZ, LLC
Last Updated: February - 11 - 2025
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