1201 E WEBER Drive, Tempe, AZ 85288

$520,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $520,000 Last Modified: 3/31/2025

Overview

Description

Excellent investment property with good cash flow. I have owned this unit for 11 years and occupancy has been very high. Solid tenants in both units. Two 2 Bedroom/1 Bath units. Each unit has it's own laundry and a large private backyard with an RV gate. Fully occupied, tenants pay for their own utilities. Please do not disturb the tenants. Current gross income 2600/month

Listing Details MLS# 6352513

Location, Tax & Legal

Map Code/Grid
Q37
House Number
1201
Compass
E
Street Name
WEBER
St Suffix
Drive
City/Town Code
Tempe
State/Province
AZ
Zip Code
85288
Zip4
1842
Country
US
County Code
Maricopa
Subdivision
NORTH TEMPE 2
Assessor Number
132-13-018
Tax Year
2021
Assessor's Map #
13
Legal Description (Abbrev)
LOT 169 NORTH TEMPE 2 MCR 007031
Assessor's Parcel #
18
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
318400
Taxes
1624
Legal
LOT 169 NORTH TEMPE 2 MCR 007031
Marketing Name
Doc Sid Properties

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
7257 sq ft
Year Built
1979
Uncvrd Parking Spcs
4
Total # of Units
2
# of Buildings
Yes
Zoning
residential
Flood Zone
No
High School District
Tempe Union High School District
Elementary School
Cecil Shamley School
Jr. High School
McKemy Middle School
High School
Tempe High School

Remarks Misc

Cross Street
Rural and Mckellips

Status Change Info

Off Market Date
2022-04-21
Under Contract Date
2022-03-29
Close of Escrow Date
2022-04-30

Legal Info

Township
1N
Range
4E
Section
11
Lot Number
169

More Information

Income Expenses

Gross Annual Sch Inc
29580
Net Operating Income
26400

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1250
Avg SqFt
1014
# Baths
Yes

Sold Info

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

Project Type

Duplex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
1269
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
723
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
3616
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
29580
Total Monthly Rental Income
2600

Pmt & Rate Info

Cap Rate
4.84
Equity
545000
Down Payment %
25
Monthly Payments
2023
Total Owed
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Tenant Pays

Gas
Yes
Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Washer/Dryer
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 Per Unit
Yes
RV Access/Parking
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

None
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes
No Carry
Yes
1031 Exchange
Yes

Reports/Disclosures

Other (See Remarks)
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: Duplex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Appliances Included: Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: >1 Space Per Unit; RV Access/Parking Road Surface Type: Asphalt Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: VA; FHA; Conventional; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: My Home Group Real Estate
Last Updated: March - 31 - 2025
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