1214 S FARMER Avenue, Tempe, AZ 85281
$660,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$660,000
Last Modified:
6/30/2016
Overview
Description
Listing Details MLS# 5320345
Location, Tax & Legal
- Map Code/Grid
- R37
- House Number
- 1214
- Compass
- S
- Street Name
- FARMER
- St Suffix
- Avenue
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85281
- Zip4
- 5775
- Country
- US
- County Code
- Maricopa
- Subdivision
- STATE COLLEGE HOMES LOTS 33-40
- Assessor Number
- 124-70-025
- Tax Year
- 2014
- Assessor's Map #
- 70
- Legal Description (Abbrev)
- STATE COLLEGE HOMES
- Assessor's Parcel #
- 25
- Add'l Parcels
- No
- Tax Municipality
- Tempe
- Census Tract
- 318900
- Taxes
- 1885
- Legal
- STATE COLLEGE HOMES
- Marketing Name
- 6 Plus 1 on Farmer Tempe
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 50X190
- Year Built
- 1947
- Uncvrd Parking Spcs
- 2
- Total # of Units
- 6
- # of Buildings
- 2
- Zoning
- R-3
- Elementary School District
- Tempe Elementary School District
Remarks Misc
- Cross Street
- Mill and University
- Directions
- 12th St. and Farmer Ave. Tempe. University and Mill. West one block to Farmer Ave. South to property on West side of street
Status Change Info
- Off Market Date
- 2016-05-24
- Under Contract Date
- 2016-04-20
- Close of Escrow Date
- 2016-06-30
Legal Info
- Lot Number
- 3
More Information
Income Expenses
- Gross Annual Sch Inc
- 57132
- Net Operating Income
- 40588
1 Bedroom Units
- # 1 Bedroom Units
- 6
- Avg Rent
- 792
- Avg SqFt
- 711
- # 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
- Four Plex
- Yes
- 5 - 12 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Stucco
- Yes
Roofing
- Composition
- Yes
- Foam
- Yes
Floors
- Ceramic Tile
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 600
- Annual Gas Exp
- 0
- Annual Ins Exp
- 1660
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 600
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 3000
- Annual Mgmt Exp
- 5713
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 1868
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 15326
- Other Income
- 1725
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 55914.15
Pmt & Rate Info
- Cap Rate
- 6.03
- Down Payment
- 0
- Equity
- 673250
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- Other
- Yes
- See Remarks
- Yes
Heating
- Electric
- Yes
- Individual
- Yes
Cooling
- Heat Pump
- Yes
- Individual
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Refrigerator
- Yes
- Built-In Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- 1 Space/Unit
- Yes
Electric
- APS
- Yes
- Individual Meter
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Conventional
- Yes
- 1031 Exchange
- Yes
Existing 1st Loan
- Other (See Rmks)
- 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
Efficiency Units
- Avg Rent
- 0
2 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
Duplex; Four Plex; 5 - 12 Units
Construction:
Block
Const - Finish:
Stucco
Roofing:
Composition; Foam
Floors:
Ceramic Tile; Carpet
Sale Includes:
Land & Building
Community Features:
Other; See Remarks
Appliances Included:
Built-In Range; Refrigerator
Heating:
Individual
Cooling:
Heat Pump; Individual
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
APS; Individual Meter
Gas:
None
Parking Features:
1 Space/Unit
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; Landscaping
Tenant Pays:
Electricity
Source of Fincl Data:
Owner; Projected Proforma
Existing 1st Loan:
Other (See Rmks)
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; 1031 Exchange
Environmental:
None
Documents
Flyer ›
Listing Office:
Better Homes & Gardens Real Estate SJ Fowler
Last Updated: June - 30 - 2016
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.