1012 S DORSEY Lane, Tempe, AZ 85281
$975,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$975,000
Last Modified:
5/06/2022
Description
Tempe 4 plex. 4 two bedroom one bath apartment homes. Each unit has a private fenced in backyard. 1 story garden style complex. No HOA. Red Brick construction. Plenty of open parking. ASU- orbit- lightrail- tempe marketplace all next to property. All 4 units are currently rented. This property has potential for upgrades-and rent increases! Please do not disturb residents.
More Information MLS# 6384929
Contract Info
Ownership: Fee Simple
Current Price: $975,000
Sold Price: $975,000
Status: Closed
List Date: 2022-04-16
Location, Tax & Legal
Assessor's Map #: 73
Legal Description (Abbrev): LOT 3 MALARAN PARK 1 MCR 009138
Assessor's Parcel #: 141
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319101
Taxes: 1790
Legal: LOT 3 MALARAN PARK 1 MCR 009138
Marketing Name: Mariana Park
Map Code/Grid: R37
House Number: 1012
Compass: S
Street Name: DORSEY
St Suffix: Lane
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 7388
County Code: Maricopa
Subdivision: Mariana PARK 1
Assessor Number: 132-73-141
Tax Year: 2021
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 4
Lot Size Dimensions: see details
Total # of Units: 4
High School District: Tempe Union High School District
Elementary School: Flora Thew Elementary School
Jr. High School: Connolly Middle School
High School: McClintock High School
Year Built: 1961
Zoning: residential
Legal Info
Range: 4E
Section: 23
Township: 1N
Lot Number: 3
Project Type
Four Plex: 1
Construction
Brick: 1
Const - Finish
Other (See Remarks): 1
Roofing
Composition: 1
Floors
Vinyl: 1
Carpet: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1790
Other Income: 1200
Vacancy Allowance: 0.05
Adjusted Gross Inc: 53580
Pmt & Rate Info
Equity: 895000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Access Type
Alley: 1
Road Surface Type
Dirt: 1
Source of Fincl Data
Other (See Remarks): 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Other: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1300
Avg SqFt: 700
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: McClintock & University
Directions: McClintock & University - West on University to light- Dorsey. South on Dorsey - Property is on West side of street. 1012 & 1014 S. Dorsey.
Geo Lat: 33.417786
Geo Lon: -111.917961
Status Change Info
Off Market Date: 2022-04-19
Under Contract Date: 2022-04-19
Close of Escrow Date: 2022-05-05
Sold Price: $975,000
Income Expenses
Gross Annual Sch Inc: 55200
Property Features
Project Type: Four Plex
Construction: Brick
Const - Finish: Other (See Remarks)
Roofing: Composition
Floors: Vinyl; Carpet
Sale Includes: Building(s) Only
Community Features: No Pool
Exterior Amenities: Landscape Water System; Green Landscaping
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator
Heating: Individual; Central
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Other
Road Access Type: Alley
Road Surface Type: Dirt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Other (See Remarks)
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan Type: Not Applicable
New Financing: Conventional
Environmental: None
Listing Office:
Sundial Real Estate
Last Updated: May - 06 - 2022
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