2509 E BROADWAY Road 2, Phoenix, AZ 85040, Phoenix, 85040 - 3 bed, 3 bath
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Phoenix, AZ 85040
This Modern New Construction Townhome is a Prime Investment Opportunity, listed at $385,000—positioned well below the $397,238 Fair Market Value by 3%. This valuation gap provides $12,238 in Instant Equity at closing. Boasting an Excellent Condition Rating, the residence features quartz countertops, stainless steel appliances, and a private walk-out deck. With an exceptionally low $50 HOA fee and projected $2,800 monthly rental income, the property balances turnkey lifestyle comfort with high-yield potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a low-maintenance asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2509 E BROADWAY Road 2 Subject | $375,000* List Price | 3 | 3 | 1,545 | $250 | - |
A 2351 E HIDALGO Avenue Sold | $273,000 List Price | 1 | 2 | 1,008 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a new construction property built in 2023/2024, featuring modern contemporary finishes including quartz countertops, stainless steel appliances, shaker-style cabinetry, and updated flooring. All systems and components are brand new, meeting the highest quality standards with no signs of wear or deferred maintenance.
Built in 2024, this townhome features high-end contemporary finishes including quartz countertops, stainless steel appliances, and epoxy-coated garage floors, offering a turnkey experience with minimal immediate maintenance.
With an exceptionally low $50 monthly HOA fee and a projected rental income of $2,800 per month, the property presents an attractive cap rate and cash-flow opportunity for investors.
Unlike many standard townhomes, this unit provides a private fenced backyard, a walk-out deck, and access to a shared courtyard, maximizing usable living space and appeal.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1545, other record living area = 1670.
The property is served by schools with low ratings (2/10 and 3/10), which may limit the pool of potential buyers or tenants specifically looking for high-quality education options.
Being situated directly on Broadway Road, the property is subject to higher traffic volume and noise levels, which could impact the residential tranquility and privacy of the outdoor spaces.
Modern townhome-style residence at 2509 E Broadway Rd - Unit 2. Built in 2024, this 3-bedroom, 2.5-bath home features a private 2-car garage and a thoughtfully designed open floor plan with abundant natural light. Interior finishes include quartz countertops, stainless steel appliances, contemporary cabinetry, and durable epoxy-coated garage floors. The main living area flows to a walk-out deck, creating great indoor/outdoor living space. Enjoy a private fenced backyard plus access to a shared courtyard within the four-unit community. Ideal for an owner-occupant or investor with strong rental demand in the area, with comparable units renting around $2,800 per month. A great opportunity to own a newer, low-maintenance property in a growing area.
No exterior & parking available.
Grades K-8 • 0.6 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 56% |
| Baths | 3.0 | 1.5 | 94% |
| Square foot | 1,545 | 1,008 | 94% |
| Lot Size | 1,000 | 962 | 67% |
| Price | $375.0K | $152.5K | 94% |
| Price per sq ft | $243 | $156 | 89% |
| Built year | 2023 | 1979 | 94% |
| HOA | $50 | $176 | 6% |
| Days on market | 51 | 551 | 6% |
Apr 20, 2026
$375,000
$385,000
-3% Price Drop
Initial Listing
Mar 6, 2026
$385,000
Initial Listing