1442 E Broadway Rd - 1438 - 1442 E Broadway Road 10 Unit Apartment Building Offered at $2,275,000 at a 6.20% Cap Rate Mesa, AZ 85204

Broadway Apartments is a fully renovated, 10-unit garden-style multifamily property located in the heart of Downtown Mesa—one of the East Valley’s fastest-growing submarkets. Completed in 2023, the renovation included both interior and exterior upgrades, creating a truly turnkey investment opportunity.
The property offers a desirable unit mix of 80% two-bedroom/one-bath and 20% one-bedroom/one-bath units, appealing to a broad tenant base seeking quality housing in a central location. Interiors feature modern, in-demand finishes such as wood-style vinyl plank flooring, fresh paint, sleek gray cabinetry, marbled countertops, and stainless steel appliances. Each unit includes a private backyard and individual storage—amenities rarely found in comparable properties.
Bathrooms have been fully updated with contemporary fixtures, and smart improvements like individual electric metering help reduce operating expenses and enhance NOI potential.
Ideally situated near transit, dining, and retail, Broadway Apartments benefits from the ongoing revitalization of Downtown Mesa and sustained tenant demand. With high-quality renovations, efficient layouts, and a prime location, Broadway offers immediate cash flow and strong long-term appreciation potential—making it an ideal, low-maintenance investment in a dynamic, growth-oriented market.
OG
Broadway is a fully renovated, 10-unit garden-style multifamily property located in the heart of Downtown Mesa—one of the fastest-growing submarkets in the East Valley. Completed in 2023, the renovation encompassed both the interior and exterior of the property, delivering a truly turnkey investment opportunity. The community features a desirable unit mix of 80% two-bedroom, one-bath units and 20% one-bedroom, one-bath units, catering to a wide demographic of tenants seeking quality housing in a central location.
The interior finishes reflect a modern, high-demand aesthetic with wood-style vinyl plank flooring, fresh paint, sleek gray cabinetry, marbled countertops, and stainless steel appliances. Each unit includes private backyard space and individual storage—premium amenities rarely found in similar-sized properties. The bathrooms and hardware have been fully refreshed with contemporary fixtures, while smart upgrades like individual electric metering further streamline operating expenses and enhance NOI potential.
Located near transit, dining, and retail corridors, Broadway benefits from the ongoing revitalization of Downtown Mesa and its strong tenant demand. With its combination of high-quality renovations, efficient unit layouts, and excellent location, Broadway is positioned to deliver both immediate cash flow and long-term appreciation. It’s an ideal opportunity for investors seeking a stabilized, low-maintenance asset in a dynamic, growth-oriented market.