Coventry Square Apartments

1859 E Broadway Rd Mesa, AZ

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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,320,000
Last Verified:
Aug 24, 2016


Coventry Square is located in an infill area in central Mesa on Broadway Road, a heavily traveled arterial. The property is also about two miles east of historic downtown Mesa and the numerous shopping, dining and entertainment options in the area. The location is less than two miles north of the Superstition Freeway (US-60) allowing easy access to Tempe, Phoenix, and the rest of the Phoenix Metro Area. Additionally, the METRO Light Rail runs from downtown Mesa connecting Downtown Tempe, Downtown Phoenix and Sky Harbor Airport, giving residents another transit option.
Good location in Central Mesa with great frontage on Broadway Road
Close proximity to Downtown Mesa and METRO Light Rail
Mix of one-bedroom and two-bedroom units
Individually metered for electricity
11 years of continuous ownership

Year Built: 1972
Building Size: 13860.0sq ft
Lot Size: 0.59 acres

Map of 1859 E Broadway Rd, Mesa, AZ, 85204

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.