1029 S Wilson Street, Tempe, AZ 85281

$950,000
Property Type: Multiple Dwellings Bedrooms: 13 Baths: 13 Status: Closed
Current Price: $950,000 Last Modified: 5/05/2015

Overview

Description

This downtown Tempe property sits in one of the most highly desirable locations in the Greater Phoenix market, the Ash neighborhood. About four blocks from ASU campus, this property is highly sought after by students who would rather walk or bike to school than pay to park on campus. The property also sits just one block from Mill Avenue shopping, restaurants, nightlife and light rail. Very low vacancy rates with low turnover make this a consistent cash flow investment with the possibility of huge equity gains.

Listing Details MLS# 5152723

Location, Tax & Legal

Map Code/Grid
R36
House Number
1029
Compass
S
Street Name
Wilson
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
5563
Country
US
County Code
Maricopa
Assessor Number
124-69-093-B
Tax Year
2013

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
UNK
Year Built
1978
Uncvrd Parking Spcs
20
Total # of Units
13
# of Buildings
3
Zoning
R3
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District

Remarks Misc

Cross Street
University and Mill
Directions
From University and Mill go West on University to Wilson. Go South on Wilson, property 2 Blocks down on East Side of Street.

Status Change Info

Off Market Date
2014-08-11
Under Contract Date
2014-08-07
Close of Escrow Date
2014-10-08

Legal Info

Lot Number
7

More Information

1 Bedroom Units

# 1 Bedroom Units
13
Avg Rent
630
# Baths
Yes

Structure

Bedrooms Total
13
Bathrooms Total
13

Income Expenses

Gross Annual Sch Inc
98436
Net Operating Income
63344

Contact Info

List Agent Home Phn
602-795-5537

Sold Info

Loan Type
Cash
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted Roofing: Rolled Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Partially Fenced Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator Heating: Heat Pump Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas 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: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional Environmental: None
IDX
Listing Office: Caliber Realty Group, LLC
Office Phone: 480-295-7600
Office Email: vanessa@vanessaberman.com
Last Updated: May - 05 - 2015
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