1129 S FARMER Avenue, Tempe, AZ 85281

$1,000,000
Property Type: Multiple Dwellings 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
Assessor's Map #
70
Assessor's Parcel #
11
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
318900
Taxes
2733
Legal
LOT 7 BLOCK 4 FARMERS ADDITION BLOCKS 4-5 & PART 3 & LOTS 6-9 MCR 000153
Marketing Name
MAPLE ASH FARMER WILSON

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

Income Expenses

Gross Annual Sch Inc
56040

2 Bedroom Units

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

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 $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes

Construction

Block
Yes
Wood Frame
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
1400
Annual Ins Exp
2000
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
6133
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
56040
Total Monthly Rental Income
4500

Pmt & Rate Info

Equity
1050000
Down Payment %
100
Monthly Payments
12
Total Owed
0

Showing Notification Methods

Text
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes

Cooling

Electric
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Disposal
Yes
Refrigerator
Yes
Built-In Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

1 Space/Unit
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Trash Collection
Yes

New Financing

Conventional
Yes
FHA
Yes
No Carry
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

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
Last Updated: March - 27 - 2025
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