1102 S STRATTON Lane, Tempe, AZ 85281 (MLS# 6078234)

1102 S STRATTON Lane, Tempe, AZ 85281

$949,900

Property Type: Multiple Dwellings Bedrooms: 8 Baths: 8 Status: Closed

Current Price: $949,900 Last Modified: 8/13/2021

Overview

Description

LOCATION-LOCATION!! Near ASU, 101, 202 & Valley Metro Light Rail. To include Parcels 132-66-048-C & 132-66-048-D. Spacious corner with 7 units and 4 covered parking, zoned R-4, so huge build-up potential. Zero vacancy rate. Major renovations in the last two years include: New A/C's all units New roofs on both buildings New trees front and back New washer and dryers. New hot water heaters New toilets throughout. New granite counters New bath vanities throughout. New paint inside and outside. Spacious yard area and ample parking. This area continues to grow, with new condos and apartments still springing up. All 3 parcels MUST be sold together. Drive by only, no sign on the property and please do not disturb tenants.

Listing Details MLS# 6078234

Location, Tax & Legal

Map Code/Grid: R37
House Number: 1102
Compass: S
Street Name: STRATTON
St Suffix: Lane
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 4529
Country: US
County Code: Maricopa
Subdivision: RANCHO EL DORADO 26-35, 45-53
Assessor Number: 132-66-046-A
Tax Year: 2019

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 219' x 86'
Year Built: 1963
Uncvrd Parking Spcs: 5
Total # of Units: 7
# of Buildings: 2
Zoning: R-4
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Flora Thew Elementary School
Jr. High School: Connolly Middle School
High School: McClintock High School

Remarks Misc

Cross Street: Apache & McClintock

Status Change Info

Off Market Date: 2020-08-27
Under Contract Date: 2020-07-10
Close of Escrow Date: 2020-09-08

Legal Info

Township: 1N
Range: 4E
Section: 24
Lot Number: 43

More Information

Efficiency Units

# Baths: Yes

1 Bedroom Units

# 1 Bedroom Units: 6
Avg Rent: 800
Avg SqFt: 540
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: Yes
Avg Rent: 1025
Avg SqFt: 652
# Baths: 2

Structure

Bedrooms Total: 8
Bathrooms Total: 8

Income Expenses

Gross Annual Sch Inc: 68400
Net Operating Income: 57012

Sold Info

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

Property Features

Project Type: Tri-Plex; Four Plex Other Type: Packaged Offering Construction: Block Const - Finish: Painted Roofing: Composition; Foam Floors: Concrete; Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Payment Includes: Principal; Interest; Taxes; Insurance Community Features: No Pool Exterior Amenities: Fenced Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer Heating: Natural Gas; Individual; Window/Wall Unit(s); Wall Furnace Cooling: Window/Wall Unit; Individual Water Source: Individual Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: SRP; Individual Meter Gas: SW Gas; Individual Meter Parking Features: Carport; Add'l Parking Avail Road Surface Type: Asphalt Owner Pays: Other; See Remarks Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner Special: Owner/Agent Showing Notification Methods: Text 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: Conventional Environmental: None

Listing Office: Keller Williams Realty Sonoran Living

Office Phone: 480-759-4300

Office Email: jeffmurray@kw.com

Last Updated: August - 13 - 2021