1114 S FARMER Avenue, Tempe, AZ 85281
$517,500
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$517,500
Last Modified:
1/04/2025
Overview
Description
Listing Details MLS# 5721545
Location, Tax & Legal
- Map Code/Grid
- R37
- House Number
- 1114
- Compass
- S
- Street Name
- FARMER
- St Suffix
- Avenue
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85281
- Zip4
- 5504
- Country
- US
- County Code
- Maricopa
- Subdivision
- VAL VERDE
- Assessor Number
- 124-70-068
- Tax Year
- 2017
- Assessor's Map #
- 70
- Legal Description (Abbrev)
- LOT 7 VAL VERDE PLAT 1 MCR 003607
- Assessor's Parcel #
- 68
- Add'l Parcels
- No
- Tax Municipality
- Tempe
- Census Tract
- 318900
- Taxes
- 2357
- Legal
- LOT 7 VAL VERDE PLAT 1 MCR 003607
- Marketing Name
- ZONED R3
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 50X130
- Year Built
- 1945
- Uncvrd Parking Spcs
- 4
- Total # of Units
- 2
- # of Buildings
- 2
- Zoning
- RES
- Elementary School District
- Tempe Elementary School District
- High School District
- Tempe Union High School District
- Elementary School
- Holdeman Elementary School
- Jr. High School
- Geneva Epps Mosley Middle School
- High School
- Tempe High School
Remarks Misc
- Cross Street
- Mill & University
- Directions
- West on University to Farmer. South past 11th, Between 11th and Howe. DO NOT DISTURB TENANTS.
Status Change Info
- Off Market Date
- 2018-06-01
- Under Contract Date
- 2018-05-01
- Close of Escrow Date
- 2018-05-31
Legal Info
- Township
- 1N
- Range
- 4E
- Section
- 21
- Lot Number
- 7
More Information
Income Expenses
- Gross Annual Sch Inc
- 36000
- Net Operating Income
- 35685
2 Bedroom Units
- # 2 Bedroom Units
- Yes
- Avg Rent
- 1500
- Avg SqFt
- 839
- # Baths
- 2
3 Bedrooms Units
- # 3 Bedroom Units
- Yes
- Avg Rent
- 1500
- Avg SqFt
- 1460
- # Baths
- Yes
Sold Info
- Loan Type
- Conventional
- Loan Years
- 30
- Payment Type
- Fixed
- Closing Cost Split
- Buyer - B
- Buyer Concession $/%
- %
- Seller Concession $/%
- %
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- Other (See Remarks)
- Yes
Other Type
- House + Rental Units
- Yes
- Other (See Remarks)
- Yes
Construction
- Block
- Yes
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
- Metal
- Yes
Floors
- Concrete
- Yes
- Vinyl
- Yes
- Other
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 0
- Annual Gas Exp
- 0
- Annual Ins Exp
- 0
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 140
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 175
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 0
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 2672
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 36000
- Total Monthly Rental Income
- 3000
Pmt & Rate Info
- Cap Rate
- 6.49
- Down Payment
- 0
- Equity
- 550000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
- Natural Gas
- Yes
- Other
- Yes
- See Remarks
- Yes
Cooling
- Electric
- Yes
Exterior Amenities
- Landscape Water System
- Yes
Interior Features
- Fire/Smoke Alarm(s)
- Yes
- Shutters
- Yes
Tenant Pays
- Gas
- Yes
- Water
- Yes
- Sewer
- Yes
- Electricity
- Yes
- Trash Collection
- Yes
- Cable TV
- Yes
- Other (See Remarks)
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Built-In Range
- Yes
- W/D Hookup
- Yes
- Other
- Yes
Road Access Type
- Dedicated Street
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
- Individual Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- >1 Space Per Unit
- Yes
- Other
- Yes
Electric
- APS
- Yes
Gas
- SW Gas
- Yes
- Individual Meter
- Yes
Owner Pays
- None
- Yes
New Financing
- VA
- Yes
- Conventional
- Yes
- FHA
- 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
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
Other (See Remarks)
Other Type:
House + Rental Units; Other (See Remarks)
Construction:
Block; Wood Frame
Const - Finish:
Painted
Roofing:
Composition; Metal
Floors:
Concrete; Vinyl; Other
Sale Includes:
Land & Building
Community Features:
No Pool
Exterior Amenities:
Landscape Water System
Interior Features:
Fire/Smoke Alarm(s); Shutters
Appliances Included:
Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup; Other
Heating:
Natural Gas; Other; See Remarks
Cooling:
Electric
Water Source:
City Franchise; Individual Meter
Sewer:
Sewer - Public
Electric:
APS
Gas:
SW Gas; Individual Meter
Parking Features:
>1 Space Per Unit; Other
Road Access Type:
Dedicated Street
Road Surface Type:
Asphalt
Owner Pays:
None
Tenant Pays:
Water; Sewer; Electricity; Gas; Trash Collection; Cable TV; Other (See Remarks)
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:
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; FHA; Conventional
Environmental:
None
Documents
Unbranded Floorplan ›
Listing Office:
My Home Group Real Estate
Last Updated: January - 04 - 2025
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