1150 E ORANGE Street, Tempe, AZ 85281
$1,190,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,190,000
Last Modified:
2/02/2026
Description
The Peel on Orange apartments offers a rare buying opportunity for an Investor to acquire a partially renovated, 2 story townhouse style, 7 unit investment in the heart of Tempe within a very short walking distance to ASU. The possibilities are endless with rehab or redevelopment potential with major upside in rents. Current rents are way below market. There is very little in deferred maintenance as this property has already been partially rehabbed with newer roof, paint, interiors, etc. Whether you buy and hold or redevelop, these opportunities do not come on the market very often within the ASU campus proximity. All facts and figures approximate, buyer to verify to their satisfaction.
More Information MLS# 6134890
Contract Info
Ownership: Fee Simple
Current Price: $1,190,000
Sold Price: $1,190,000
Status: Closed
List Date: 2020-09-19
Location, Tax & Legal
Assessor's Map #: 73
Legal Description (Abbrev): PT E2 NW4 BEG SE COR TERRACE PK UNIT 1 TH S 88D 43' 30
Assessor's Parcel #: 63
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319103
Taxes: 4843
Legal: PT E2 NW4 BEG SE COR TERRACE PK UNIT 1 TH S 88D 43' 30'' E ALG C/L LEMON ST 405.86' TO PT 11.25' WL
Marketing Name: The Peel on Orange Apts.
Map Code/Grid: R37
House Number: 1150
Compass: E
Street Name: ORANGE
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 4132
County Code: Maricopa
Assessor Number: 132-73-063-B
Tax Year: 2020
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: IRR
Total # of Units: 7
Elementary School District: Tempe Elementary School District
Year Built: 1962
Zoning: R-4
Legal Info
Range: 4E
Section: 23
Township: 1N
Lot Number: 1
Project Type
5 - 12 Units: 1
Construction
Block: 1
Wood Frame: 1
Brick: 1
Const - Finish
Painted: 1
Stucco: 1
Brick Veneer: 1
Roofing
Built-Up: 1
Floors
Concrete: 1
Vinyl: 1
Wood: 1
Ceramic Tile: 1
Carpet: 1
Other: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 4843
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Equity: 1190000
Down Payment %: 100
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Phone Call: 1
Community Features
No Pool: 1
Barbecue: 1
Heating
Electric: 1
Natural Gas: 1
Individual: 1
Cooling
Electric: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Desert Landscaping: 1
Partially Fenced: 1
Curb(s) & Gutter(s): 1
Cable TV Available: 1
Sidewalk(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Water: 1
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Access Type
Alley: 1
Dedicated Street: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Source of Fincl Data
Projected Proforma: 1
Other (See Remarks): 1
Water Source
City Franchise: 1
Private: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Free: 1
On Street: 1
<1 Space Per Unit: 1
1 Space/Unit: 1
Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash to Loan: 1
Conventional: 1
No Carry: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 950
Avg SqFt: 722
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1250
Avg SqFt: 960
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: University and Rural
Directions: University to Rural, S. on Rural to Terrace, E. on Terrace to Orange, E. to property.
Geo Lat: 33.418717
Geo Lon: -111.919321
Status Change Info
Off Market Date: 2020-10-07
Under Contract Date: 2020-09-20
Close of Escrow Date: 2020-11-20
Sold Price: $1,190,000
Property Features
Project Type: 5 - 12 Units
Construction: Block; Wood Frame; Brick
Const - Finish: Painted; Stucco; Brick Veneer
Roofing: Built-Up
Floors: Concrete; Vinyl; Wood; Ceramic Tile; Carpet; Other
Sale Includes: Land & Building; Personal Property
Community Features: No Pool; Barbecue
Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Partially Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Built-In Range; Free-Standing Range; Refrigerator; Dishwasher; Microwave; W/D Hookup
Heating: Natural Gas; Individual
Cooling: Electric; Individual
Water Source: City Franchise; Private
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport; On Street; <1 Space Per Unit; 1 Space/Unit; Free; Paved
Road Access Type: Alley; Dedicated Street
Road Surface Type: Asphalt; Concrete
Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping
Tenant Pays: Water; Electricity; Cable TV
Source of Fincl Data: Projected Proforma; Other (See Remarks)
Showing Notification Methods: Phone Call
New Financing: Cash to Loan; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office:
Cardon Commercial
Last Updated: February - 02 - 2026
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