Condominium with Pool-View
For Sale
$184,000
1125 E BROADWAY Road #225, Tempe, AZ 85282
The residence comes with a washer and dryer, kitchen appliances, and covered carport parking.
Property Size617 SF
Days on Market168
Property Features for 1125 E BROADWAY Road #225
General Information
Standard status
Active
Size
617 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
heated community pool
spa
in-unit stacked washer/dryer
covered carport parking
on-site fitness center
Building Details
Building Size
617 SF
Year Built
1985
Stories
2
Listing Agency:
HomeSmart
Listed By:
Maria J Boetger · License #SA531633000
(480) 329-5926
Source:
Karolinakemski.kw
Added: Apr 24
Changed: Oct 5
Last Checked: Oct 7 at 8:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart
Investment Insights
Based on property information with market context.
This 1985 condominium offers one bedroom and one bathroom. Interior updates include fresh paint, plank flooring, ceiling fans, and window coverings; the HVAC system was updated in 2023. The unit also has an oversized balcony facing the community’s heated pool and spa, a stacked washer and dryer, and storage. Included kitchen appliances are an electric range, dishwasher, built-in microwave, and refrigerator.
Community features include a fitness center and covered carport parking. The HOA covers exterior maintenance, water, sewer, trash, and common areas. The property is near Rural Road and Broadway Road, with ASU, Loop 101, US-60, shopping, and dining described as minutes away.
Community features include a fitness center and covered carport parking. The HOA covers exterior maintenance, water, sewer, trash, and common areas. The property is near Rural Road and Broadway Road, with ASU, Loop 101, US-60, shopping, and dining described as minutes away.
Key Highlights
- One‑bedroom, one‑bathroom condominium built in 1985
- HVAC system updated in 2023; interior updates include flooring, paint, fans, and window coverings
- Oversized private balcony faces the heated community pool and spa
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,363
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$167,260
$167.3K
Cap Rate 7%
$119,471
$119.5K
Cap Rate 9%
$92,922
$92.9K
Market Conditions
NOI Build-Up for 617 SF
Gross rent
$16.1K $26.16/SF
− Vacancy
−$936 −$1.52/SF
EGI
$15.2K $24.64/SF
− OpEx
−$6.8K −$11.09/SF
NOI
$8.4K $13.55/SF
Area
Tempe, AZ
Vacancy
5.80%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$167,260
Cap Rate 7%
$119,471
Cap Rate 9%
$92,922
Alternative Uses
Best Use
Apartment 5plus
$119.5K
$104.5K – $139.4K
NOI $8,363 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$194.0K
$169.8K – $226.4K
NOI $13,582 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,436
Businesses Nearby
Explore this area
Business Placement
Demographics for 85282, AZ
52,351
Population
25,667
Households
2
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
11.1 sq mi
ZIP Area
4,716
Density / Sq Mi
$79,084
Median Household Income
$43,863
Median Earnings
$1,627
Median Rent
$370,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence comes with a washer and dryer, kitchen appliances, and covered carport parking.
Where is this residential income property located?
The property is located at 1125 E BROADWAY Road #225 Tempe, AZ.
What is the asking price?
The asking price for this property is $184,000.
What are key features of this property?
This property features: One‑bedroom, one‑bathroom condominium built in 1985; HVAC system updated in 2023; interior updates include flooring, paint, fans, and window coverings; Oversized private balcony faces the heated community pool and spa
