1102 S STRATTON Lane, Tempe, AZ 85281
$949,900
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$949,900
Last Modified:
8/13/2021
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.
More Information MLS# 6078234
Contract Info
Ownership: Fee Simple
Current Price: $949,900
Sold Price: $949,900
Status: Closed
List Date: 2020-05-14
Location, Tax & Legal
Assessor's Map #: 66
Legal Description (Abbrev): RANCHO EL DORADO LOT 43 N 85' EX E 24'
Assessor's Parcel #: 46
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Tempe
Census Tract: 319201
Taxes: 2642
Legal: RANCHO EL DORADO LOT 43 N 85' EX E 24'
Marketing Name: NA
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
County Code: Maricopa
Subdivision: RANCHO EL DORADO 26-35, 45-53
Assessor Number: 132-66-046-A
Tax Year: 2019
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 219' x 86'
Total # of Units: 7
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
Year Built: 1963
Zoning: R-4
Legal Info
Range: 4E
Section: 24
Township: 1N
Lot Number: 43
Project Type
Tri-Plex: 1
Four Plex: 1
Other Type
Packaged Offering: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Foam: 1
Floors
Concrete: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1800
Annual Land Lse Exp: 0
Annual Landscape Exp: 2400
Annual Legal & Acctg: 0
Annual Maint Exp: 2400
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 780
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 10022
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 68400
Total Monthly Rental Income: 5700
Pmt & Rate Info
Cap Rate: 5.88
Down Payment: 0
Equity: 969900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Payment Includes
Principal: 1
Interest: 1
Taxes: 1
Insurance: 1
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Wall Furnace: 1
Natural Gas: 1
Individual: 1
Window/Wall Unit(s): 1
Cooling
Window/Wall Unit: 1
Individual: 1
Exterior Amenities
Fenced: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Individual Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Carport: 1
Add'l Parking Avail: 1
Electric
SRP: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Other: 1
See Remarks: 1
New Financing
Conventional: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 800
Avg SqFt: 540
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1025
Avg SqFt: 652
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Other
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Apache & McClintock
Geo Lat: 33.417323
Geo Lon: -111.905298
Status Change Info
Off Market Date: 2020-08-27
Under Contract Date: 2020-07-10
Close of Escrow Date: 2020-09-08
Sold Price: $949,900
Income Expenses
Gross Annual Sch Inc: 68400
Net Operating Income: 57012
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
Last Updated: August - 13 - 2021
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