1129 S FARMER Avenue, Tempe, AZ 85281

$1,000,000
Property Type: Multiple Dwellings Bedrooms: 8 Baths: 4 Status: Closed
Current Price: $1,000,000 List Date: 9/27/2021 Last Modified: 3/27/2025

Overview

Description

Close to ASU and Downtown Tempe, this 4-plex is centered around the cottages and bungalows of the MAPLE ASH FARMER WILSON (MAFW) neighborhood. The 2 story building has 2 good sized bedrooms and 1 full bath, covered parking and is just moments away from 'locals only' hangouts, fine dinning and lots of great shopping. At the north end of Farmer Ave is lake access and event parking with more great restaurant finds. it's proximity to the downtown area helps maintain its zero vacancy rate. Great investment opportunity!!

Listing Details MLS# 6297896

Location, Tax & Legal

Map Code/Grid
R36
House Number
1129
Compass
S
Street Name
FARMER
St Suffix
Avenue
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
5553
Country
US
County Code
Maricopa
Subdivision
FARMERS ADDITION BLOCKS 4-5 & PART 3 & LOTS 6-9
Assessor Number
124-70-011-A
Tax Year
2021

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
57.5' X 142.5'
Year Built
1972
Uncvrd Parking Spcs
4
Total # of Units
5
# of Buildings
2
Zoning
R-03
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District

Remarks Misc

Cross Street
UNIVERSITY & MILL
Directions
WEST TO FARMER, SOUTH TO 1129

Status Change Info

Off Market Date
2022-01-12
Under Contract Date
2022-01-07
Close of Escrow Date
2022-03-04

Legal Info

Township
1N
Range
4E
Section
21
Block
4
Lot Number
7

More Information

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
934
Avg SqFt
814
# Baths
Yes

Structure

Bedrooms Total
8
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
56040

Contact Info

List Agent Home Phn
480-839-2600

Sold Info

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

Property Features

Project Type: Four Plex Construction: Block; Wood Frame Const - Finish: Painted Roofing: Composition Floors: Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Appliances Included: Built-In Range; Refrigerator; Disposal Heating: Heat Pump Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable New Financing: FHA; Conventional; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: AZ Brokerage Holdings, LLC
Office Phone: 480-839-2600
Office Email: RonRobertsRealEstate@gmail.com
Last Updated: March - 27 - 2025
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