1039 E SPENCE Avenue, Tempe, AZ 85281

$830,000
Property Type: Multiple Dwellings Bedrooms: 6 Baths: 4 Status: Closed
Current Price: $830,000 Last Modified: 2/05/2026

Overview

Description

Introducing 4 on Spence. Updated and Remodeled Tempe 4 Plex. Walk to ASU. Super Tempe Location, Near Light Rail, Tempe Marketplace, Shopping, Restaurants & Freeways. Major Capital Improvements, Kitchens, Granite Countertops, Washers & Dryers. Newer Water heaters, Newer Parking Lot, Newer Roof, 100% Leased, Super Cash Flow. All Facts and Figures Approximate, Buyers to Verify to Their Satisfaction.

Listing Details MLS# 6153912

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
2020

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 & Spence
Directions
East on Spence to Property

Status Change Info

Off Market Date
2020-11-17
Under Contract Date
2020-11-02
Close of Escrow Date
2020-11-17

Legal Info

Township
1N
Range
4E
Section
23
Lot Number
28

More Information

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

Structure

Bedrooms Total
6
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
66600
Net Operating Income
53300

Sold Info

Loan Type
Other
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

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 Showing Notification Methods: Phone Call Lockbox Type: None 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
IDX
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Office Phone: 480-649-3536
Last Updated: February - 05 - 2026
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