1226 W 5TH Street, Tempe, AZ 85281
$820,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$820,000
Last Modified:
1/14/2026
Description
LOCATION LOCATION LOCATION!!!! YOU WONT WANT TO MISS THIS AMAZING CASH FLOW OPPORTUNITY LOCATED CLOSE TO ALL RESTAURANTS, BARS, OFFICES MAJOR FWYS AND ASU. ALL UNITS HAVE BEEN COMPLETELY RENOVATED WITH DESIGNER TOUCHES THROUGHOUT. BRAND NEW ROOF, NEW DUAL PANED WINDOWS, FRESH INTERIOR & EXTERIOR PAINT, LED LIGHTING THROUGHOUT, BATHROOMS AND KITCHENS WITH SHAKER CABINETRY AND QUARTZ COUNTERTOPS. STAINLESS STEEL APPLIANCES, PORCELAIN FLOORING, 5 1/4'' BASEBOARDS, NEW INTERIOR SHAKER PANEL DOORS. THIS PROPERTY IS READY TO GO WITH ALL NEW LEASES IN PLACE. EACH UNIT HAS ITS OWN ELECTRIC METER. UNIT 1228 LEASED FOR $2350 PER MONTH AND PAYS OWN UTILITIES, UNIT 1226 RENTED FOR $1560 PER MONTH PAYS OWN UTILITIES, STUDIO UNIT IN BACK RENTED $1200 LANDLORD PAYS ALL UTILITIES.
More Information MLS# 6401121
Contract Info
Ownership: Fee Simple
Current Price: $820,000
Sold Price: $820,000
Status: Closed
List Date: 2022-05-17
Location, Tax & Legal
Assessor's Map #: 28
Legal Description (Abbrev): LOT 13 PECAN GROVE ESTATES MCR 007839
Assessor's Parcel #: 21
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 318800
Taxes: 1712
Legal: LOT 13 PECAN GROVE ESTATES MCR 007839
Marketing Name: Pelican Grove Estates
Map Code/Grid: R36
House Number: 1226
Compass: W
Street Name: 5TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2693
County Code: Maricopa
Subdivision: PECAN GROVE ESTATES
Assessor Number: 124-28-021
Tax Year: 2021
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 2
Lot Size Dimensions: unknown
Flood Zone: No
Total # of Units: 3
High School District: Tempe Union High School District
Elementary School: Scales Technology Academy
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Year Built: 1960
Zoning: multi family
Legal Info
Range: 4E
Section: 16
Township: 1N
Lot Number: 13
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Other: 1
Sale Includes
Building(s) Only: 1
Laundry Equipment: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1712
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 61560
Pmt & Rate Info
Cap Rate: 6.16
Equity: 999000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Gas: 1
Water: 1
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Access Type
Alley: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Individual Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
On Street: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Electric: 1
Gas: 1
New Financing
Conventional: 1
1031 Exchange: 1
Existing 1st Loan
Private: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 1200
Avg SqFt: 400
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1560
Avg SqFt: 970
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: VA
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: S Priest Dr and W 5th St
Geo Lat: 33.425772
Geo Lon: -111.957986
Status Change Info
Off Market Date: 2022-07-14
Under Contract Date: 2022-07-13
Close of Escrow Date: 2022-08-15
Sold Price: $820,000
Income Expenses
Gross Annual Sch Inc: 61560
Net Operating Income: 61560
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Other
Sale Includes: Building(s) Only; Laundry Equipment
Community Features: No Pool
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Central
Cooling: Ceiling Fan(s); Central Air
Water Source: Individual Meter
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Carport; On Street
Road Access Type: Alley
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Gas
Tenant Pays: Water; Electricity; Gas
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Private
New Financing: Conventional; 1031 Exchange
Environmental: None
Listing Office:
Realty ONE Group
Last Updated: January - 14 - 2026
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