1012 S DORSEY Lane, Tempe, AZ 85281

$975,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $975,000 Last Modified: 5/06/2022

Overview

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.

Listing Details MLS# 6384929

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Subdivision
Mariana PARK 1
Assessor Number
132-73-141
Tax Year
2021
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

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
see details
Year Built
1961
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
2
Zoning
residential
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

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.

Status Change Info

Off Market Date
2022-04-19
Under Contract Date
2022-04-19
Close of Escrow Date
2022-05-05

Legal Info

Township
1N
Range
4E
Section
23
Lot Number
3

More Information

Income Expenses

Gross Annual Sch Inc
55200

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1300
Avg SqFt
700
# Baths
Yes

Sold Info

Loan Type
Cash
Payment Type
Other
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

Brick
Yes

Const - Finish

Other (See Remarks)
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Carpet
Yes

Sale Includes

Building(s) Only
Yes

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
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes
Individual
Yes
Central
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Exterior Amenities

Landscape Water System
Yes
Green Landscaping
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes

Road Access Type

Alley
Yes

Road Surface Type

Dirt
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Other
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
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: 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
IDX
Listing Office: Sundial Real Estate
Last Updated: May - 06 - 2022
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