1228 W 4TH Street, Tempe, AZ 85281
$1,450,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,450,000
Last Modified:
11/01/2024
Overview
Description
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
- Assessor's Map #
- 28
- Assessor's Parcel #
- 1
- Assessor Parcel Ltr
- B
- Add'l Parcels
- Yes
- Tax Municipality
- Tempe
- Census Tract
- 318800
- Taxes
- 6337.08
- Legal
- STATE PLAT 12 AMD W 290' OF S2 LOT 33 EX N
- Marketing Name
- Town Lake Apartments
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
Income Expenses
- Gross Annual Sch Inc
- 174394
- Net Operating Income
- 94158
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
Sold Info
- Loan Type
- Cash
- Payment Type
- Other
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- %
- Seller Concession $/%
- %
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 25 - 50 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
Sale Includes
- Land & Building
- Yes
- Pool Equipment
- Yes
Income & Expenses
- Annual Elec Exp
- 0
- Annual Gas Exp
- 0
- Annual Ins Exp
- 3500
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 0
- Annual Legal & Acctg
- 1500
- Annual Maint Exp
- 19600
- Annual Mgmt Exp
- 16576
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 0
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 29000
- Operating Exp
- 76513.08
- Other Income
- 0
- Vacancy Allowance
- 0.02
- Adjusted Gross Inc
- 170906.12
Pmt & Rate Info
- Cap Rate
- 6.3
- Down Payment
- 0
- Equity
- 1495000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- Pool
- Yes
Heating
- Electric
- Yes
Cooling
- Electric
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Green Landscaping
- Yes
- Patio/Balcony
- Yes
Interior Features
- Unfurnished
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Dishwasher
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- 1 Space/Unit
- Yes
Electric
- SRP
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Gas
- Yes
- Trash Collection
- Yes
New Financing
- Conventional
- Yes
- Other (See Remarks)
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Assume - Qualify
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- 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
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
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
Listing Office:
Keller Williams Arizona Realty
Last Updated: November - 01 - 2024
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