1027 W 5TH Street, Tempe, AZ 85281
$1,800,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,800,000
Last Modified:
1/02/2025
Overview
Description
Listing Details MLS# 5715626
Location, Tax & Legal
- Map Code/Grid
- R36
- House Number
- 1027
- Compass
- W
- Street Name
- 5TH
- St Suffix
- Street
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85281
- Zip4
- 2508
- Country
- US
- County Code
- Maricopa
- Assessor Number
- 124-36-016
- Tax Year
- 2016
- Assessor's Map #
- 36
- Legal Description (Abbrev)
- N2 TR 27 EX W 300' & EX E 235' M/L .71 AC
- Assessor's Parcel #
- 16
- Add'l Parcels
- Yes
- Tax Municipality
- Tempe
- Census Tract
- 318800
- Taxes
- 4626
- Legal
- N2 TR 27 EX W 300' & EX E 235' M/L .71 AC
- Marketing Name
- Hardy Village
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 1.43 Acres
- Year Built
- 1955
- Uncvrd Parking Spcs
- 26
- Total # of Units
- 17
- # of Buildings
- 18
- Zoning
- R3
- Elementary School District
- Tempe Elementary School District
- Elementary School
- Scales Technology Academy
- High School
- Tempe High School
Remarks Misc
- Cross Street
- 5th St & Hardy
- Directions
- S On Hardy Rt @ 530 S Drive goes through Properties & exits between 1007 & 1027 W 5th St
Status Change Info
- Off Market Date
- 2019-03-04
- Under Contract Date
- 2019-03-04
- Close of Escrow Date
- 2019-04-01
Legal Info
- Township
- 1N
- Range
- 4E
- Section
- 16
- Lot Number
- 16
More Information
Income Expenses
- Gross Annual Sch Inc
- 86539.42
- Net Operating Income
- 88005
1 Bedroom Units
- # 1 Bedroom Units
- Yes
- Avg Rent
- 500
- Avg SqFt
- 400
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 14
- Avg Rent
- 574
- Avg SqFt
- 600
- # Baths
- Yes
3 Bedrooms Units
- # 3 Bedroom Units
- 3
- Avg Rent
- 800
- Avg SqFt
- 800
- # 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
- 13 - 24 Units
- Yes
Construction
- Block
- Yes
- Wood Frame
- Yes
- Brick
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
- Brick Veneer
- Yes
- Siding
- Yes
Roofing
- Composition
- Yes
Floors
- Concrete
- Yes
- Vinyl
- Yes
- Ceramic Tile
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 282.13
- Annual Gas Exp
- 0
- Annual Ins Exp
- 3635.32
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 0
- Annual Legal & Acctg
- 164
- Annual Maint Exp
- 3560.6
- Annual Mgmt Exp
- 18000
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 7823.82
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 38091.87
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 86539.42
Pmt & Rate Info
- Cap Rate
- 4
- Down Payment
- 0
- Equity
- 2200000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- No Pool
- Yes
Heating
- Wall Furnace
- Yes
- Electric
- Yes
- Natural Gas
- Yes
- Window/Wall Unit(s)
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Evaporative Cooling
- Yes
- Central Air
- Yes
- Window/Wall Unit
- 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
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- <1 Space Per Unit
- Yes
- Paved
- Yes
Electric
- APS
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- Conventional
- Yes
- 1031 Exchange
- 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
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
13 - 24 Units
Construction:
Block; Wood Frame; Brick
Const - Finish:
Painted; Stucco; Brick Veneer; Siding
Roofing:
Composition
Floors:
Concrete; Vinyl; Ceramic Tile; Carpet
Sale Includes:
Land & Building
Community Features:
No Pool
Appliances Included:
Built-In Range; Refrigerator
Heating:
Natural Gas; Window/Wall Unit(s); Wall Furnace
Cooling:
Ceiling Fan(s); Window/Wall Unit; Evaporative Cooling; Central Air
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
APS
Gas:
SW Gas
Parking Features:
<1 Space Per Unit; Paved
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection
Tenant Pays:
Electricity; Gas; Cable TV
Source of Fincl Data:
Owner
Existing 1st Loan:
Treat as Free&Clear
Existing 1st Loan Type:
Not Applicable
Existing 1st Loan Terms:
Not Applicable
Existing 2nd Loan:
Treat as Free&Clear
Existing 2nd Loan Type:
Not Applicable
Existing 2nd Loan Terms:
Not Applicable
Existing 3rd Loan:
Treat as Free&Clear
Existing 3rd Loan Type:
Not Applicable
Existing 3rd Loan Terms:
Not Applicable
Existing Othr Ln Trm:
Not Applicable
New Financing:
Conventional; 1031 Exchange
Environmental:
None
Listing Office:
Desert 2 Mountain Realty
Last Updated: January - 02 - 2025
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