1136 E SPENCE Avenue, Tempe, AZ 85281

$732,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $732,000 List Date: 2/15/2025 Last Modified: 3/19/2025

Overview

Description

''INVESTMENT OPPORTUNITY ALERT! LOCATION ! This incredible property in Tempe is walking distance to ASU, restaurants, hospital & more! The property lot is a duplex and contains 2 address which are 1136 E Spence Ave Tempe AZ 85281 and 1346 S Terrace Rd Tempe Arizona 85281

Listing Details MLS# 6808275

Location, Tax & Legal

House Number
1136
Compass
E
Street Name
SPENCE
St Suffix
Avenue
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
5810
Country
US
County Code
Maricopa
Subdivision
JEN TILLY TERRACE LOTS 13-18
Assessor Number
133-09-031-L
Tax Year
2024
Assessor's Map #
9
Legal Description (Abbrev)
JEN TILLY TERRACE MCR 28-40 PT LOT 17 BEG SE COR SD LOT N 116.25F W TO E LN W 43.97F SD LOT SELY
Assessor's Parcel #
31
Assessor Parcel Ltr
L
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
319104
Taxes
2551
Legal
JEN TILLY TERRACE MCR 28-40 PT LOT 17 BEG SE COR SD LOT N 116.25F W TO E LN W 43.97F SD LOT SELY
Marketing Name
Multiple Dwellings Tempe

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
11398
Year Built
1960
Uncvrd Parking Spcs
4
Total # of Units
2
# of Buildings
1960
Zoning
Multi-Fam
High School District
Tempe Union High School District

Remarks Misc

Directions
From Downtown Tempe: 1. Head east on E 5th St toward S Mill Ave 2. Turn left onto S Mill Ave 3. Turn right onto E University Dr 4. Continue onto E Apache Blvd 5. Turn left onto Rural Rd

Status Change Info

Off Market Date
2025-03-19
Under Contract Date
2025-02-18
Close of Escrow Date
2025-03-18

Legal Info

Township
1N
Range
4E
Section
23
Lot Number
17

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes

1 Bedroom Units

# 1 Bedroom Units
Yes
Avg SqFt
500
Avg Rent
0

2 Bedroom Units

# 2 Bedroom Units
Yes
Avg Rent
850
Avg SqFt
600
# Baths
Yes

4 Bedrooms Units

# 4 Bedroom Units
Yes
Avg Rent
2000
Avg SqFt
1300
# Baths
2

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Interest Only
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Duplex
Yes

Construction

Block
Yes
Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Ceramic Tile
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
0
Annual Legal & Acctg
0
Annual Maint Exp
0
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
2551
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Pmt & Rate Info

Equity
790000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

Other
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Tenant Pays

Water
Yes
Electricity
Yes
Trash Collection
Yes

Appliances Included

Disposal
Yes
None
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Water Source

Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes

Electric

APS
Yes

Gas

Master Meter
Yes

Owner Pays

None
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
Seller to App Pnts
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Duplex Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Appliances Included: Disposal; None Cooling: Electric Water Source: Master Meter Sewer: Sewer - Public Electric: APS Gas: Master Meter Parking Features: Carport Road Surface Type: Asphalt Owner Pays: None Tenant Pays: Water; Electricity; Trash Collection Source of Fincl Data: Other (See Remarks) Showing Notification Methods: Text; Email Lockbox Type: Other New Financing: Cash; VA; Conventional; Seller to App Pnts Environmental: None
IDX
Listing Office: HomeSmart
Last Updated: March - 19 - 2025
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