Single-Level Residential Income
7005 E BROADWAY Road 25, Mesa, AZ 85208
For Sale
$267,500
A gated 40+ community setting includes a heated pool and assigned covered parking.
Property Size1,288 SF
Price / SF$207.69
Days on Market21
Property Features for 7005 E BROADWAY Road 25
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
heated pool
Building Details
Building Size
Year Built
Stories
Listing Agency:
Realty ONE Group
Listed By:
Michael Hoerger · License AZ SA705801000
(602) 300-6329
Source:
Gillettegroupaz
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 1:51PM
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 Realty ONE Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,288-square-foot, single-level residence has no interior steps and includes a living room with a fireplace, a dining area, and two bedrooms. The primary suite features dual vanities and a walk-in closet; the second bedroom is separated from the primary. Updated dual-pane windows bring natural light into the interior, and a covered patio extends the living space outdoors with golf course views.
The home is in Golden Hills Fairway, a gated community for adults 40 and older. Community amenities include a heated pool and assigned covered parking. HOA coverage includes water, sewer, and trash. Dining and shopping options and the Superstition Mountains are described as minutes away.
The home is in Golden Hills Fairway, a gated community for adults 40 and older. Community amenities include a heated pool and assigned covered parking. HOA coverage includes water, sewer, and trash. Dining and shopping options and the Superstition Mountains are described as minutes away.
Key Highlights
- 1,288 square feet with single‑level, step‑free interior access
- Two bedrooms, including a primary suite with dual vanities and a walk‑in closet
- Covered patio with golf course views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,073
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,460
$201.5K
Cap Rate 7%
$143,900
$143.9K
Cap Rate 9%
$111,922
$111.9K
Market Conditions
NOI Build-Up for 1,288 SF
Gross rent
$19.6K $15.24/SF
− Vacancy
−$1.3K −$1.02/SF
EGI
$18.3K $14.22/SF
− OpEx
−$8.2K −$6.40/SF
NOI
$10.1K $7.82/SF
Area
Mesa, AZ
Vacancy
6.70%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,460
Cap Rate 7%
$143,900
Cap Rate 9%
$111,922
Alternative Uses
Best Use
Apartment 5plus
$143.9K
$125.9K – $167.9K
NOI $10,073 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.1K
$308.9K – $411.9K
NOI $24,714 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,031
Businesses Nearby
Explore this area
Business Placement
Demographics for 85208, AZ
36,820
Population
18,699
Households
2
Avg Household Size
45
Median Age
21%
College-Educated
89%
High-School Grad
8.1 sq mi
ZIP Area
4,546
Density / Sq Mi
$68,452
Median Household Income
$40,913
Median Earnings
$1,438
Median Rent
$261,200
Median Home Value
Market
Properties on Market for Residential income properties in Mesa
Frequently Asked Questions
What type of property is this?
Residential income property - A gated 40+ community setting includes a heated pool and assigned covered parking.
Where is this residential income property located?
The property is located at 7005 E BROADWAY Road 25 Mesa, AZ.
What is the asking price?
The asking price for this property is $267,500.
What are key features of this property?
This property features: 1,288 square feet with single‑level, step‑free interior access; Two bedrooms, including a primary suite with dual vanities and a walk‑in closet; Covered patio with golf course views
