1039 E SPENCE Avenue, Tempe, AZ 85281
$714,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$714,000
Last Modified:
2/02/2026
Overview
Description
Listing Details MLS# 5927124
Location, Tax & Legal
- Map Code/Grid
- R37
- House Number
- 1039
- Compass
- E
- Street Name
- SPENCE
- St Suffix
- Avenue
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85281
- Zip4
- 5847
- Country
- US
- County Code
- Maricopa
- Subdivision
- JEN TILLY TERRACE LOTS 19-29 /TR A/
- Assessor Number
- 133-10-048
- Tax Year
- 2018
- Assessor's Map #
- 10
- Legal Description (Abbrev)
- JEN TILLY TERRACE PT LOT 28 N 100' EX E 15'
- Assessor's Parcel #
- 48
- Add'l Parcels
- No
- Tax Municipality
- Tempe
- Census Tract
- 319104
- Taxes
- 2075
- Legal
- JEN TILLY TERRACE PT LOT 28 N 100' EX E 15'
- Marketing Name
- Jen Tilly Terrace Apts
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 8,500
- Year Built
- 1964
- Uncvrd Parking Spcs
- 4
- Total # of Units
- 4
- # of Buildings
- Yes
- Zoning
- R-4
- Elementary School District
- Tempe Elementary School District
Remarks Misc
- Cross Street
- Rural Rd & Broadway Rd
- Directions
- North on Rural. East on Spence Ave.
Status Change Info
- Off Market Date
- 2019-07-14
- Under Contract Date
- 2019-06-18
- Close of Escrow Date
- 2019-07-17
Legal Info
- Township
- 1N
- Range
- 4E
- Section
- 23
- Lot Number
- 28
More Information
Income Expenses
- Gross Annual Sch Inc
- 66600
- Net Operating Income
- 53300
1 Bedroom Units
- # 1 Bedroom Units
- 2
- Avg Rent
- 1275
- Avg SqFt
- 650
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 2
- Avg Rent
- 1500
- Avg SqFt
- 829
- # Baths
- Yes
Sold Info
- Loan Type
- Conventional
- Loan Years
- 30
- Payment Type
- Fixed
- Closing Cost Split
- Seller Assist - A
- Buyer Concession $/%
- $
- Seller Concession to Buyer
- 15000
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
Project Type
- Four Plex
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Concrete
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 0
- Annual Gas Exp
- 0
- Annual Ins Exp
- 1400
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 600
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 2650
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 1000
- Annual Wtr/Swr Exp
- 2000
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 1500
- Annual Other Expense
- 2075
- Operating Exp
- 13300
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 66600
- Total Monthly Rental Income
- 5500
Pmt & Rate Info
- Cap Rate
- 7.3
- Down Payment
- 0
- Equity
- 729900
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
- Individual
- Yes
Cooling
- Electric
- Yes
- Individual
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
- Partially Fenced
- Yes
- Cable TV Available
- Yes
- Separate Storage
- Yes
Interior Features
- Unfurnished
- Yes
- Fire/Smoke Alarm(s)
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Refrigerator
- Yes
- Built-In Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
- Master Meter
- Yes
Sewer
- Sewer - Public
- Yes
- Sewer-In & Connected
- Yes
Parking Features
- Free
- Yes
- On Street
- Yes
- 1 Space/Unit
- Yes
- Add'l Parking Avail
- Yes
Electric
- APS
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- VA
- Yes
- Conventional
- Yes
Special
- Incorporated Area
- 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
- Seller Prop Disc Stm
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
Four Plex
Construction:
Block
Const - Finish:
Painted
Roofing:
Composition
Floors:
Concrete
Sale Includes:
Land & Building
Community Features:
No Pool
Exterior Amenities:
Desert Landscaping; Partially Fenced; Cable TV Available; Separate Storage
Interior Features:
Unfurnished; Fire/Smoke Alarm(s)
Appliances Included:
Built-In Range; Refrigerator
Heating:
Individual
Cooling:
Electric; Individual
Water Source:
City Franchise; Master Meter
Sewer:
Sewer - Public; Sewer-In & Connected
Electric:
APS
Gas:
None
Parking Features:
On Street; 1 Space/Unit; Add'l Parking Avail; Free
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection
Tenant Pays:
Electricity; Cable TV
Source of Fincl Data:
Projected Proforma
Special:
Incorporated Area
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:
VA; Conventional
Environmental:
None
Listing Office:
Grace CRE
Last Updated: February - 02 - 2026
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