Property Attributes
- MLS#6002855
- TypeMulti-Family
- CountyMARICOPA
- CityTempe
- NeighborhoodWestgate Sub
- Zip85281
- Style
- Year Built1971
- Taxes2959
- Price$ 1,149,727
- Bedrooms11
- Full Bathrooms6
- Half Bathrooms0
- Sqr Footage4440
Listing Provided Courtesy Of:
Rattler Realty, LLC
Property Description
Solid Cash Flow Tempe Apartment Building Generating $63,235 NOI - Ready for new owner. (Great 1031 Placement Option) Located within a mile of ASU, Mill Ave and Tempe Town Area. 4,405 sq ft of living space across 5 units. Wholefoods just opened and area is bustling with new retail and development. Property has consistently performed well and had major renovation in 2017. There is still room for ''value-add'' here to further increase rents to market - to increase cash flow and market value in this high growth area of Tempe.First floor has a large 3bd/2bth apartment and a 2br/1bth apartment (cost per unit is not a viable measurement here). Second floor, surrounding the sundeck are three 2bd/1bth apartments that are fully remodeled and work well for the property.
| Price History | |
|---|---|
| 11/8/2019 | Listed $1,149,727 |
General Features
| 1 Bedroom Units: Avg Rent | 0.00 |
| 2 Bedroom Units: Avg Rent | 1092.00 |
| 3 Bedrooms Units: Avg Rent | 1775.00 |
| 3 Bedrooms Units: Avg Sqft | 1500 |
| 4 Bedrooms Units: Avg Rent | 0.00 |
| Construction | Frame - Wood, Slump Block |
| Features | No Pool |
| Map Code/Grid | R36 |
| Net Income | 63235.00 |
| New Financing | Conventional, 1031 Exchange |
| Owner Pays | Water, Sewer, Trash, Landscaping |
| Parking | Garage, Other (See Remarks), Carport, >1 Space Per Unit, Add'l Parking Avail |
| Property Type | F |
| Public Remarks | Solid Cash Flow Tempe Apartment Building Generating $63, 235 NOI - Ready for new owner. (Great 1031 Placement Option) Located within a mile of ASU, Mill Ave and Tempe Town Area. 4 |
| School District | 003 - Tempe School District |
| Special | Owner/Agent |
| Status | Active |
| Subdivision | WESTGATE SUB |
| Tenant Pays | Water, Sewer, Electric, Trash |
| Year Built | 1971 |
| Zoning | R-3 |
Interior Features
| 2 Bedroom Units: # 2 Bedroom Units | 4 |
| 2 Bedroom Units: # Baths | 1 |
| 2 Bedroom Units: Avg Sqft | 735 |
| 3 Bedrooms Units: # 3 Bedroom Units | 1 |
| 3 Bedrooms Units: # Baths | 2 |
| Appliances Included | F/S Oven/Range, Refrigerator, Dishwasher, Microwave, Washer/Dryer |
| Cooling | Electric Refrigeratd, Window/Wall Unit, Heat Pump |
| Electric | Individual Meter, SRP |
| Floors | Vinyl/Composition |
| Gas | None |
| Heating | Electric, Heat Pump, Individual, Ceiling Fan(s) |
| Interior Features | Unfurnished, Drapes, Vertical Blinds, Fire/Smoke Alarm(s), Mini Blinds |
| Total Number of Units | 5.00 |
Exterior Features
| Sale Includes | Land & Building, Personal Property, Laundry Equipment |
| Const - Finish | Painted, Stucco |
| Covered Parking Spcs | 6.00 |
| Exterior Features | Desert Landscaping, Fenced, Cable TV Available, Patio/Balcony, Separate Storage, Security Light(s) |
| Lot Size Dimensions | 74 x 104 |
| Roof | Comp Shingle |
| Sewer | Sewer - Public |
| Total Parking Spcs | 14.00 |
| Water | City Franchise, Individual Meter |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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