1202 S ROOSEVELT Street 50, Tempe, AZ 85281

$700,000

Property Type: Land Lot Size (sq. ft.): 9,872 Status: Closed

Current Price: $700,000 List Date: 4/06/2022 Last Modified: 1/13/2025

Overview

Description

TWO R-2 multi-family zoned lots corner near DWTWN Tempe/ASU. Recent lot split application allows for TWO homes each w/TWO UNITS per home - 2,200 sq.ft. main home w/800 sq. ft. rental above 2-car garage. (When you build 2 new houses you end up w/ four units total on 2 adjacent lots) 1 of the new homes will face Roosevelt the other 12th Street. Purchase includes shovel ready architectural/engineered building plan approved by the city. You are not required to use our plans but the lot purchase price reflects the cost of the architect, engineer and survey. New homeowner can offset mortgage w/ unit over the garage. Add a basement to these plans and you have three levels. Very desirable ASU neighborhood w/ new homes on each corner of 12th/Roosevelt.

Listing Details MLS# 6379140

Location, Tax & Legal

Map Code/Grid: R36
House Number: 1202
Compass: S
Street Name: ROOSEVELT
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5451
Country: US
County Code: Maricopa
Assessor Number: 124-70-140
Subdivision: STATE COLLEGE HOMES ANNEX LOTS 50-54
Tax Year: 2021

Contract Information

For Sale or Lease?: Sale
Type: Exclusive Right To Sell

General Property Description

Apx Total Acres: 0.23
Apx Total Acres G/N: N
Price Per Acre: 3043478.26
# Lots in Listing: 2
# Units Allowed: 4
Apx SqFt: 9872
Price Per SqFt: 70.91
Apx SqFt G/N: N
Lot Size Dimensions: each lot 63 x 79
Horses: N
Zoning: R2
Elementary School: Broadmor Elementary School
Jr. High School: McKemy Middle School
High School: Tempe High School

Remarks Misc

Cross Street: Mill & University
Directions: South to 13th street West on 13th street to Roosevelt. North to property

Status Change Info

Off Market Date: 2022-04-13
Under Contract Date: 2022-04-11
Close of Escrow Date: 2022-06-01

Legal Info

Township: 1N
Range: 4E
Section: 21
Lot Number: 50

More Information

Contact Info

List Agent Home Phn: 6026923900

Sold Info

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

Property Features

Special Listing Cond: Owner/Agent Existing Land Use: Residential Lot; Residential Acreage Zoned Presently: Multi-Family; Other (See Rmks) Potential Use: Multi-Family; See Remarks Parcel Size: .0 - .24 Acres Land Features: Corner Lot Road Surface Type: Asphalt Road Responsibility: City Maintained Road Traffic Count: Up to 5,000 Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Distance to Cable: On Property Distance to Phone: On Property Distance to Water: On Property Distance to Electric: On Property Distance to Gas: On Property Distance to Sewer: On Property New Financing: Cash; Conventional; 1031 Exchange Environmental: None Showing Notification Methods: Phone Call Lockbox Type: None

Listing Office: HomeSmart

Office Phone: 480-443-7400

Office Email: rlarue@hsmove.com

Last Updated: January - 13 - 2025