1018 S DORSEY Lane, Tempe, AZ 85281
$975,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$975,000
Last Modified:
4/13/2025
Overview
Description
Listing Details MLS# 6404640
Location, Tax & Legal
- Map Code/Grid
- R37
- House Number
- 1018
- Compass
- S
- Street Name
- DORSEY
- St Suffix
- Lane
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85281
- Zip4
- 7390
- Country
- US
- County Code
- Maricopa
- Subdivision
- MALARAN PARK 1
- Assessor Number
- 132-73-140
- Tax Year
- 2021
- Assessor's Map #
- 73
- Legal Description (Abbrev)
- LOT 2 MALARAN PARK 1 MCR 009138
- Assessor's Parcel #
- 140
- Add'l Parcels
- Yes
- Tax Municipality
- Tempe
- Census Tract
- 319101
- Taxes
- 1790
- Legal
- LOT 2 MALARAN PARK 1 MCR 009138
- Marketing Name
- N/A
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 79/110
- Year Built
- 1961
- Uncvrd Parking Spcs
- 8
- Total # of Units
- 4
- # of Buildings
- 2
- Zoning
- R-3
- Elementary School District
- Tempe Elementary School District
- 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
- University and Dorsey Ln.
- Directions
- McClintock & University. West on University to light - Dorsey. South on Dorsey, property on west side of property. 1018 & 1020 S. Dorsey.
Status Change Info
- Off Market Date
- 2022-07-22
- Under Contract Date
- 2022-06-12
- Close of Escrow Date
- 2022-07-28
Legal Info
- Township
- 1N
- Range
- 4E
- Section
- 23
- Lot Number
- 2
More Information
Income Expenses
- Gross Annual Sch Inc
- 67280
- Net Operating Income
- 64528
2 Bedroom Units
- # 2 Bedroom Units
- 4
- Avg Rent
- 1025
- Avg SqFt
- 756
- # Baths
- Yes
Sold Info
- Loan Type
- Conventional
- Loan Years
- 30
- 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
- Brick
- Yes
Const - Finish
- Other (See Remarks)
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
- Personal Property
- Yes
- Laundry Equipment
- Yes
Income & Expenses
- Annual Elec Exp
- 600
- Annual Gas Exp
- 600
- Annual Ins Exp
- 1400
- Annual Trash Exp
- 2400
- Annual Wtr/Swr Exp
- 2400
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Operating Exp
- 9190
- Other Income
- 3000
- Vacancy Allowance
- 1
- Adjusted Gross Inc
- 0
- Total Monthly Rental Income
- 5600
Pmt & Rate Info
- Cap Rate
- 5.49
- Equity
- 1175000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- Supra
- Yes
Community Features
- No Pool
- Yes
Heating
- Central
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Central Air
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
- Partially Fenced
- Yes
- Separate Storage
- Yes
Interior Features
- Fire/Smoke Alarm(s)
- Yes
- Vertical Blinds
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Surface Type
- Gravel
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
- Master Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- <1 Space Per Unit
- Yes
- Assigned
- Yes
Electric
- APS
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- VA
- Yes
- Conventional
- Yes
- FHA
- Yes
- 1031 Exchange
- 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:
Brick
Const - Finish:
Other (See Remarks)
Roofing:
Composition
Floors:
Vinyl; Carpet
Sale Includes:
Land & Building; Personal Property; Laundry Equipment
Community Features:
No Pool
Exterior Amenities:
Desert Landscaping; Partially Fenced; Separate Storage
Interior Features:
Fire/Smoke Alarm(s); Vertical Blinds
Appliances Included:
Free-Standing Range; Refrigerator
Heating:
Central
Cooling:
Ceiling Fan(s); Central Air
Water Source:
City Franchise; Master Meter
Sewer:
Sewer - Public
Electric:
APS
Gas:
SW Gas
Parking Features:
<1 Space Per Unit; Assigned
Road Surface Type:
Gravel
Owner Pays:
Water; Trash Collection
Tenant Pays:
Electricity; Gas; Cable TV
Source of Fincl Data:
Owner
Lockbox Type:
Supra
New Financing:
VA; FHA; Conventional; 1031 Exchange
Environmental:
None
Listing Office:
Brokers Only, LLC
Last Updated: April - 13 - 2025
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