1228 W 4TH Street, Tempe, AZ 85281

$1,450,000
Property Type: Multiple Dwellings Bedrooms: 30 Baths: 28 Status: Closed
Current Price: $1,450,000 Last Modified: 11/01/2024

Overview

Description

Sale of this property includes APN 124-28-001D and 124-28-001F. Property consists of 6 buildings with a total of 28 units located in a great Tempe location. Property is close to ASU, shopping, freeways, airport and entertainment. Sparkling pool onsite! Don't miss out on this fantastic investment opportunity!

Listing Details MLS# 5054570

Location, Tax & Legal

Map Code/Grid
R37
House Number
1228
Compass
W
Street Name
4TH
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
2505
Country
US
County Code
Maricopa
Assessor Number
124-28-001-B
Tax Year
2013

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
67953
Year Built
1963
Uncvrd Parking Spcs
28
Total # of Units
28
# of Buildings
6
Zoning
R3
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District
Elementary School
Broadmor Elementary School
Jr. High School
McKemy Middle School
High School
Tempe Academy Of International Studies McKemy Campus

Remarks Misc

Cross Street
Priest Drive & 202

Status Change Info

Off Market Date
2014-11-06
Under Contract Date
2014-06-09
Close of Escrow Date
2014-11-04

Legal Info

Township
1N
Range
4E
Section
16

More Information

Efficiency Units

# Efficiency Units
9
Avg Rent
417
Avg SqFt
350
# Baths
Yes

1 Bedroom Units

# 1 Bedroom Units
17
Avg Rent
569
Avg SqFt
600
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
700
Avg SqFt
950
# Baths
Yes

Structure

Bedrooms Total
30
Bathrooms Total
28

Income Expenses

Gross Annual Sch Inc
174394
Net Operating Income
94158

Sold Info

Loan Type
Cash
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession $/%
%

Property Features

Project Type: 25 - 50 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl Sale Includes: Land & Building; Pool Equipment Community Features: Pool Exterior Amenities: Landscape Water System; Green Landscaping; Patio/Balcony Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Gas; Trash Collection 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: Assume - Qualify Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; Other (See Remarks) Environmental: None
IDX
Listing Office: Keller Williams Arizona Realty
Office Phone: 480-767-3000
Office Email: laurie.johnson@kw.com
Last Updated: November - 01 - 2024
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