1006 S DORSEY Lane, Tempe, AZ 85281

$835,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $835,000 Last Modified: 12/29/2025

Overview

Description

*INVESTOR SPECIAL! LOCATION, LOCATION, LOCATION!! CLOSE TO ASU AND THE LIGHT RAIL! With this location you should never have a problem with vacancy! One lot, two buildings 1006 & 1008 and 4 units total. All units are currently rented into 2022. Units feature 2 bedrooms and 1 bathroom, each having their own private yard and parking in the back. Two units have been remodeled. *INVESTOR ONLY-PLEASE DO NOT DISTURB TENANTS-DRIVE-BY ONLY*

Listing Details MLS# 6322520

Location, Tax & Legal

Map Code/Grid
R37
House Number
1006
Compass
S
Street Name
DORSEY
St Suffix
Lane
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
7386
Country
US
County Code
Maricopa
Subdivision
MALARAN PARK 1
Assessor Number
132-73-142
Tax Year
2021
Assessor's Map #
73
Legal Description (Abbrev)
LOT 4 MALARAN PARK 1 MCR 009138
Assessor's Parcel #
142
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
319101
Taxes
1790
Legal
LOT 4 MALARAN PARK 1 MCR 009138
Marketing Name
unknown

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
80X110
Year Built
1961
Uncvrd Parking Spcs
6
Total # of Units
4
# of Buildings
2
Zoning
R3
Elementary School District
Tempe Elementary School District
Jr. High School
Connolly Middle School
High School
Tempe High School

Remarks Misc

Cross Street
RURAL & UNIVERSITY
Directions
South on Dorsey to Orange. West on Orange to first left. 1006 and 1008 are the two building connected with a steel gate between the two building on both side

Status Change Info

Off Market Date
2021-12-17
Under Contract Date
2021-11-26
Close of Escrow Date
2021-12-17

Legal Info

Township
1N
Range
4E
Section
23
Lot Number
4

More Information

Income Expenses

Gross Annual Sch Inc
53400
Net Operating Income
47536

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1100
Avg SqFt
768
# Baths
Yes

Sold Info

Loan Type
Cash
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes
Brick Veneer
Yes

Roofing

Composition
Yes

Floors

Concrete
Yes
Vinyl
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Landscape Exp
2040
Annual Wtr/Swr Exp
1500
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
5330
Other Income
0
Vacancy Allowance
0.01
Adjusted Gross Inc
52866

Pmt & Rate Info

Cap Rate
5.95
Equity
799000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Natural Gas
Yes
Individual
Yes

Cooling

Central Air
Yes
Individual
Yes

Exterior Amenities

Fenced
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Gas
Yes
Electricity
Yes
Cable TV
Yes

Appliances Included

Refrigerator
Yes
Built-In Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Unknown
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Conventional
Yes
No Carry
Yes
1031 Exchange
Yes

Special

Estate Sale
Yes

Existing 1st Loan

Conventional
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted; Brick Veneer Roofing: Composition Floors: Concrete; Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Fenced Interior Features: Unfurnished Appliances Included: Built-In Range; Refrigerator Heating: Natural Gas; Individual Cooling: Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Free Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Unknown Special: Estate Sale Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Conventional New Financing: Conventional; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: Keller Williams Realty Sonoran Living
Last Updated: December - 29 - 2025
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