1211 W UNIVERSITY Drive, Tempe, AZ 85281
$635,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$635,000
Last Modified:
12/21/2024
Overview
Description
Listing Details MLS# 5560613
Location, Tax & Legal
- Map Code/Grid
- R36
- House Number
- 1211
- Compass
- W
- Street Name
- UNIVERSITY
- St Suffix
- Drive
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85281
- Zip4
- 3331
- Country
- US
- County Code
- Maricopa
- Subdivision
- WESTGATE SUB
- Assessor Number
- 124-74-006-C
- Tax Year
- 2016
- Assessor's Map #
- 74
- Legal Description (Abbrev)
- LOT 6 WESTGATE SUB MCR 007925
- Assessor's Parcel #
- 6
- Assessor Parcel Ltr
- C
- Add'l Parcels
- No
- Tax Municipality
- Tempe
- Census Tract
- 318900
- Taxes
- 2778
- Tax District
- Tempe
- Legal
- LOT 6 WESTGATE SUB MCR 007925
- Marketing Name
- 6 Units on University
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 74x104
- Year Built
- 1971
- Uncvrd Parking Spcs
- 4
- Total # of Units
- 6
- # of Buildings
- Yes
- Zoning
- R-3
- Elementary School District
- Tempe Elementary School District
Remarks Misc
- Cross Street
- University & Beck
Status Change Info
- Off Market Date
- 2017-07-07
- Under Contract Date
- 2017-06-29
- Close of Escrow Date
- 2017-08-01
Legal Info
- Township
- 1N
- Range
- 4E
- Section
- 21
- Lot Number
- 6
More Information
Income Expenses
- Gross Annual Sch Inc
- 47836
- Net Operating Income
- 36418
Efficiency Units
- # Efficiency Units
- Yes
- Avg Rent
- 595
- Avg SqFt
- 513
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 5
- Avg Rent
- 702
- Avg SqFt
- 770
- # Baths
- Yes
Sold Info
- Loan Type
- Carryback
- Loan Years
- 7
- Payment Type
- Balloon
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 5 - 12 Units
- Yes
Construction
- Wood Frame
- Yes
- Slump Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 1993
- Annual Gas Exp
- 0
- Annual Ins Exp
- 2306
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 0
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 994
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 2390
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 10461
- Other Income
- 0
- Vacancy Allowance
- 0.02
- Adjusted Gross Inc
- 46879.28
- Total Monthly Rental Income
- 3986
Pmt & Rate Info
- Cap Rate
- 5.48
- Down Payment
- 0
- Equity
- 664000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- No Pool
- Yes
Heating
- Heat Pump
- Yes
- Electric
- Yes
- Individual
- Yes
Cooling
- Electric
- Yes
- Heat Pump
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Sidewalk(s)
- Yes
- Patio/Balcony
- Yes
Interior Features
- Mini Blinds
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
Road Access Type
- Alley
- Yes
- Dedicated Street
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
- Master Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Garage
- Yes
- >1 Space Per Unit
- Yes
- Other
- Yes
Electric
- APS
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Other
- Yes
- See Remarks
- Yes
New Financing
- Conventional
- Yes
- Owner May Carry
- Yes
- 1031 Exchange
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Other (See Remarks)
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Other (See Remarks)
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
1 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
5 - 12 Units
Construction:
Wood Frame; Slump Block
Const - Finish:
Painted
Roofing:
Composition
Floors:
Vinyl; Carpet
Sale Includes:
Land & Building
Community Features:
No Pool
Exterior Amenities:
Landscape Water System; Sidewalk(s); Patio/Balcony
Interior Features:
Mini Blinds
Appliances Included:
Free-Standing Range; Refrigerator; Washer/Dryer
Heating:
Individual; Heat Pump
Cooling:
Electric; Heat Pump
Water Source:
City Franchise; Master Meter
Sewer:
Sewer - Public
Electric:
APS
Gas:
None
Parking Features:
Garage; >1 Space Per Unit; Other
Road Access Type:
Alley; Dedicated Street
Owner Pays:
Water; Trash Collection; Other; See Remarks
Tenant Pays:
Electricity
Source of Fincl Data:
Owner
Existing 1st Loan:
Treat as Free&Clear
Existing 1st Loan Type:
Not Applicable
Existing 1st Loan Terms:
Not Applicable
Existing 2nd Loan:
Other (See Remarks)
Existing 2nd Loan Type:
Not Applicable
Existing 2nd Loan Terms:
Not Applicable
Existing 3rd Loan:
Other (See Remarks)
Existing 3rd Loan Type:
Not Applicable
Existing 3rd Loan Terms:
Not Applicable
Existing Othr Ln Trm:
Not Applicable
New Financing:
Conventional; Owner May Carry; 1031 Exchange
Environmental:
None
Listing Office:
Better Homes & Gardens Real Estate SJ Fowler
Last Updated: December - 21 - 2024
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