NOT LISTED FOR SALE

734 E Broadway Rd Mesa, AZ 85204

Temple Neighborhood

Estimated Value: $691,370

-- Bed
-- Bath
4,591 Sq Ft
$151/Sq Ft Est. Value

Last Sold May 09, 2022

Last sale price $800,000 $174 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $4,364/month

43 Days on Market

Highlights

  • 0.34 Acre Lot
  • Central Air
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Concrete Flooring
  • 3-minute walk to Eagles Park

About This Home

As of May 2022

A great investment opportunity! Retail space. Seven individual units, all 600 sf. each with private restrooms. 100% capacity, zero vacancies. Long term tenants in place, many with below market rents! Huge value add opportunity. This complex is very low maintenance and has been easy to find and maintain long term tenants. Excellent frontage off of Broadway Road with a monument sign. The City of Mesa is making improvements on Broadway Road in 2022 - burying the electrical pole and lines, beautifying the property. This will include new sidewalks and curb cuts. * DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Xan LaPointe

Realty ONE Group License #SA643716000 Listed on: 02/24/2022

Co-Listed By

Brook Miller

RE/MAX Solutions License #BR533974000

Last Buyer's Agent

Chad Cluff

Cluff Real Estate LLC License #BR567582000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,552

Year Built

  • Built in 1973

Lot Details

  • 0.34 Acre Lot
  • Property is zoned C-G

Home Design

  • Block Exterior
  • Stucco

Interior Spaces

  • 4,591 Sq Ft Home
  • Concrete Flooring

Parking

  • 22 Open Parking Spaces
  • 22 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 138-29-064-H

Community Details

Overview

  • 2 Buildings
  • Building Dimensions are 149.22 X 99.2

Building Details

  • Operating Expense $17,304
  • Gross Income $57,569
  • Net Operating Income $48,517

Property Details

Property Type

Other

Est. Annual Taxes

$6,552

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Broadway and Horne
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: C-G
  • Current Use: Retail PAD
  • Number Of Buildings: 2
  • Year Built: 1973
  • Tax Year: 2021
  • Lot Size Acres: 0.34
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: resol001
  • Co List Office Phone: 480-610-6500
  • Structure Type: Commercial
  • Tax Parcel Letter: H
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: None
  • Construction Type: Stucco, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Open Parking Spaces: 22.0
  • Total Parking Spaces: 22.0
  • General Property Description:Uncvrd Parking Spcs: 22.0
  • General Property Description:Total Parking Spcs: 22.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size: 149.22 X 99.2
  • Lot Size Sq Ft: 15000.0
  • Additional Parcels: No
  • Parcel #: 138-29-064-H
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 57569.0
  • Insurance Expense: 3000.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 48517.0
  • Annual Operating Expense: 17304.0

Tax Info

  • Tax Annual Amount: 6552.0
  • Tax Book Number: 138.00
  • Tax Lot: NA
  • Tax Map Number: 29.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 1997
Sold by
City Of Tempe
Bought by
Broadway/Rural Llc
Total Days on Market
43
Current Estimated Value
$691,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.42%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Broadway/Rural Llc $143,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Urban Mesa Llc $1,850,000
Closed Broadway/Rural Llc $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2022 05/09/22 Sold $800,000 -3.0% $174 / Sq Ft
04/08/2022 04/08/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $825,000 -- $180 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,010 $59,372 -- --
2024 $6,243 $58,312 -- --
2023 $6,243 $91,035 $30,396 $60,639
2022 $6,293 $84,403 $27,615 $56,788
2021 $6,552 $76,698 $31,392 $45,306
2020 $6,467 $60,876 $27,234 $33,642
2019 $6,042 $51,714 $24,372 $27,342
2018 $5,799 $61,092 $23,634 $37,458
2017 $5,626 $49,950 $21,888 $28,062
2016 $5,522 $43,056 $19,026 $24,030
2015 $6,613 $53,096 $12,266 $40,830
Source: Public Records

Agents Affiliated with this Home

  • Xan LaPointe

    Seller's Agent in 2022

    Xan LaPointe

    Realty One Group

    (602) 316-6552

    1 in this area

    142 Total Sales

    Xan LaPointe
    Section Image
  • Brook Miller

    Seller Co-Listing Agent in 2022

    Brook Miller

    RE/MAX

    (602) 391-7164

    1 in this area

    149 Total Sales

    Brook Miller
    Section Image
  • Chad Cluff

    Buyer's Agent in 2022

    Chad Cluff

    Cluff Real Estate LLC

    (602) 882-0694

    6 in this area

    45 Total Sales

    Chad Cluff
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6359915

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-29-064H

Arizona Maricopa County Mesa 85204 Temple

734 E Broadway Rd, Mesa, AZ

This home is located at 734 E Broadway Rd, Mesa, AZ 85204 since 24 February 2022 and is currently estimated at $691,370, approximately $150 per square foot. This property was built in 1973. 734 E Broadway Rd is a home located in Maricopa County with nearby schools including Lowell Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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