1540 E Broadway Road, Mesa, AZ 85204
- $595,000
- 7
- BD
- 4
- BA
- List Price
- $595,000
- Status
- ACTIVE
- Days on Market
- 7
- MLS#
- 7066916
- City
- Mesa
- Bedrooms
- 7
- Bathrooms
- 4
- Year Built
- 1968
Property Description
Great opportunity to own an income producing property in Mesa. Rare building with one 3 bedroom/two bath apartment and two two bedroom/one bath apartments. The two bedroom apartments are occupied with long term tenants on month to month leases. The three bedroom was just rented after some renovations on a one year lease at $1700mo. Building has new exterior paint and a new water main. Building does share courtyard and common areas with 1546 Broadway and needs to be bought together.
/u.realgeeks.media/capcorerealestate/header.png)
Additional Information
- Taxes
- $1,429
- Net Operating Income
- $40,800
- Cap Rate
- 6.86
- Units
- 3
- Parking Features
- >1 Space Per Unit
- Construction
- Block, Wood Frame, Siding
- Roofing
- Composition
- Cooling
- Heat Pump
- Heating
- Heat Pump
- Zoning
- C-G
- Subdivision
- Mesa Homes 2 Replatted
- Community Features
- No Pool
- Electric
- SRP
- Water
- City Franchise
- Tenant Pays
- Electricity
- New Financing
- FHA, Conventional, Cash
Mortgage Calculator
Listing courtesy of Erickson Realty Group L.L.C..
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.