1155 E TEMPE Drive, Tempe, AZ 85288

$498,000
Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,218 Lot Size (sq. ft.): 7,593 Status: Closed
Current Price: $498,000 List Date: 5/19/2022 Last Modified: 4/21/2023

Overview

Description

This property is a great investment opportunity for anyone looking to expand their portfolio. This building has recently been divided into two units. The left unit is a 3 bedroom and 1 bath. The right unit is a studio with 1 bath. Both units have fully remodeled kitchens, fresh interior paint, and new plumbing PVC. This property is located in a zoning R-2 Multifamily with great potential to build additional units. Moreover, both units come fully furnished and currently have Travel Nurses as tenants. Rental prices range from $1,500 to $3,000 with low property taxes. Do not miss out on this profitable investment opportunity!

Listing Details MLS# 6400639

Location, Tax & Legal

Map Code/Grid
Q37
House Number
1155
Compass
E
Street Name
TEMPE
St Suffix
Drive
City/Town Code
Tempe
State/Province
AZ
Zip Code
85288
Zip4
1848
Country
US
County Code
Maricopa
Assessor Number
132-13-134
Subdivision
NORTH TEMPE 3
Tax Year
2021
Assessor's Map #
13
Legal Description (Abbrev)
LOT 285 NORTH TEMPE 3 MCR 007140
Assessor's Parcel #
134
Tax Municipality
Tempe
Taxes
780

Contract Information

Type
Exclusive Right To Sell
Ownership
Fee Simple

General Property Description

Dwelling Type
Single Family Residence
Dwelling Styles
Detached
Exterior Stories
Yes
# of Interior Levels
Yes
# Bedrooms
4
Total Bathrooms
2
Approx SQFT
1218
Price/SqFt
408.86
Horses
N
Builder Name
unkown
Year Built
1956
Approx Lot SqFt
7593
Approx Lot Acres
0.174
Community Pool Y/N
No
Private Pool Y/N
No
Fireplace YN
Yes
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District
Elementary School
Cecil Shamley School
Jr. High School
Laguna Elementary School
High School
Tempe High School

Remarks Misc

Cross Street
Scottsdale Rd & Tempe Dr
Directions
Head North on Scottsdale Rood, Turn East on Tempe Drive and head straight down, the destination will be on your right hand side

Status Change Info

Off Market Date
2022-07-21
Under Contract Date
2022-06-25
Close of Escrow Date
2022-07-20

Legal Info

Township
1N
Range
4E
Section
11
Lot Number
285

More Information

Basement

Basement Y/N
N

Parking Spaces

Carport Spaces
2
Slab Parking Spaces
2
Total Covered Spaces
2

Sold Info

Loan Type
Conventional
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Special Listing Cond

N/A
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Other
Yes

Association & Fees

HOA Y/N
N
PAD Fee Y/N
N
Land Lease Fee Y/N
N
Ttl Mthly Fee Equiv
0

Lockbox Type

None
Yes

Master Bathroom

Other (See Remarks)
Yes

Fireplace Features

Other
Yes

Dining Area

Other (See Remarks)
Yes

Heating

Electric
Yes

Kitchen Features

None
Yes

Cooling

Central Air
Yes

Laundry

Other
Yes

Separate Den/Office

Sep Den/Office Y/N
N

Fencing

Block
Yes

Water Source

City Water
Yes

Spa

None
Yes

Sewer

Sewer - Public
Yes

New Financing

Cash
Yes
Conventional
Yes
FHA
Yes

Utilities

SRP
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Landscaping

Desert Front
Yes

Disclosures

Other (See Remarks)
Yes

Possession

Close of Escrow
Yes

Association Fee Incl

Other (See Remarks)
Yes

Assoc Rules/Info

Other (See Remarks)
Yes

Property Features

Special Listing Cond: N/A Master Bathroom: Other (See Remarks) Fireplace Features: Other Spa: None Dining Area: Other (See Remarks) Kitchen Features: None Laundry: Other Construction: Block Const - Finish: Painted Roofing: Other Cooling: Central Air Heating: Electric Utilities: SRP Water Source: City Water Sewer: Sewer - Public Fencing: Block Landscaping: Desert Front Lockbox Type: None Possession: Close of Escrow Association Fee Incl: Other (See Remarks) Existing 1st Loan: Treat as Free&Clear New Financing: Cash; FHA; Conventional Disclosures: Other (See Remarks)
IDX
Listing Office: neXGen Real Estate
Last Updated: April - 21 - 2023
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