1019 E Tempe Drive, Tempe, AZ 85281
$1,400,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,400,000
List Date:
5/31/2022
Last Modified:
4/12/2025
Description
''The Traveler'' is comprised of (6) 1 bedroom units (448 sqf/ea) that all function as full time vacation rental units. The property features off-street parking & an enclosed common area w/ hot tub, community laundry, putting green & sitting area. All unit interiors have been extensively upgraded. The entire building received a new electrical system w/ separate metering installed in '20. New roof in '21. 2 New HVAC units in '21, other 4 units are newer, all w/ Nest thermostats. Located on a huge 15k+ SF corner lot the site could also offer development potential & possible future assemblage scenario. All furniture, appliances & hot tub convey in current condition.
More Information MLS# 6396943
Contract Info
Ownership: Fee Simple
Current Price: $1,400,000
Sold Price: $1,400,000
Status: Closed
List Date: 2022-05-10
Location, Tax & Legal
Assessor's Map #: 12
Legal Description (Abbrev): LOT 142 NORTH TEMPE MCR 003850
Assessor's Parcel #: 142
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 318400
Taxes: 2021
Legal: LOT 142 NORTH TEMPE MCR 003850
Marketing Name: The Traveler
Map Code/Grid: Q37
House Number: 1019
Compass: E
Street Name: Tempe
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 1736
County Code: Maricopa
Subdivision: NORTH TEMPE
Assessor Number: 132-12-142-A
Tax Year: 2358
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: IRR
Total # of Units: 6
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Year Built: 1955
Zoning: R-2
Legal Info
Range: 4E
Section: 11
Township: 1N
Lot Number: 142
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stone: 1
Roofing
Rolled: 1
Floors
Concrete: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Pool Equipment: 1
Laundry Equipment: 1
Other (See Remarks): 1
Income & Expenses
Annual Elec Exp: 6714.24
Annual Gas Exp: 1268.55
Annual Ins Exp: 2342
Annual Land Lse Exp: 0
Annual Landscape Exp: 500
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 32150.16
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 1628.22
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 300
Annual Other Expense: 2342
Operating Exp: 49266.17
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 151597.08
Total Monthly Rental Income: 151597.08
Pmt & Rate Info
Cap Rate: 6.21
Down Payment: 0
Equity: 1649000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Phone Call: 1
Community Features
No Pool: 1
Heated Spa(s): 1
Play Area: 1
Golf: 1
Barbecue: 1
Other: 1
Heating
Electric: 1
Natural Gas: 1
2 or More Units: 1
Other: 1
See Remarks: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Individual: 1
2 or More Units: 1
Exterior Amenities
Green Landscaping: 1
Partially Fenced: 1
Interior Features
Furnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Breakfast Bar: 1
Tenant Pays
None: 1
Appliances Included
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
1 Space/Unit: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Master Meter: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
Trash Collection: 1
Cable TV: 1
Landscaping: 1
Pool Maintenance: 1
New Financing
Conventional: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Existing 1st Loan
Private: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
None: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 4804324771
List Agent Hme Phn 2: 4804324771
List Agent Cell Phn2: 4804324771
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 2000
Avg SqFt: 448
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Other
Loan Years: 30
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: Scottsdale Road & McKellips Road
Directions: Take Scottsdale Rd to Tempe Drive. Go east, property is on the south corner.
Geo Lat: 33.442075
Geo Lon: -111.923492
Status Change Info
Off Market Date: 2023-08-04
Under Contract Date: 2023-08-04
Close of Escrow Date: 2023-09-27
Sold Price: $1,400,000
Income Expenses
Gross Annual Sch Inc: 151597.08
Net Operating Income: 102330.91
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted; Stone
Roofing: Rolled
Floors: Concrete
Sale Includes: Land & Building; Personal Property; Pool Equipment; Laundry Equipment; Other (See Remarks)
Community Features: No Pool; Heated Spa(s); Play Area; Golf; Barbecue; Other
Exterior Amenities: Green Landscaping; Partially Fenced
Interior Features: Furnished; Fire/Smoke Alarm(s); Mini Blinds; Breakfast Bar
Appliances Included: Built-In Range; Refrigerator; Microwave; Washer/Dryer
Heating: Natural Gas; 2 or More Units; Other; See Remarks
Cooling: Ceiling Fan(s); Electric; Individual; Central Air; 2 or More Units
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Master Meter
Parking Features: On Street; 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Gas; Trash Collection; Cable TV; Landscaping; Pool Maintenance
Tenant Pays: None
Source of Fincl Data: Owner
Special: Owner/Agent
Showing Notification Methods: Phone Call
Existing 1st Loan: Private
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
New Financing: Conventional; 1031 Exchange
Environmental: None
Documents
Unbranded Flyer ›
Listing Office:
HomeSmart
Last Updated: April - 12 - 2025
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