1235 W SOUTHERN Avenue, Tempe, AZ 85282
$550,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$550,000
Last Modified:
2/02/2026
Overview
Description
Listing Details MLS# 5928444
Location, Tax & Legal
- Map Code/Grid
- R36
- House Number
- 1235
- Compass
- W
- Street Name
- SOUTHERN
- St Suffix
- Avenue
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85282
- Country
- US
- County Code
- Maricopa
- Assessor Number
- 123-42-066
- Tax Year
- 2018
- Assessor's Map #
- 42
- Assessor's Parcel #
- 66
- Add'l Parcels
- Yes
- Tax Municipality
- Maricopa - COUNTY
- Taxes
- 2070
- Legal
- TRACT E WESTWAY PARK MCR 012324
- Marketing Name
- WESTWAY PARK
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 0.213 acres / 9,275 sqft
- Year Built
- 1970
- Uncvrd Parking Spcs
- 4
- Total # of Units
- 8
- # of Buildings
- Yes
- Zoning
- R-3
- High School District
- Tempe Union High School District
Remarks Misc
- Cross Street
- Southern and Priest
- Directions
- Head east on southern from Priest and property on right hand side drive through alley for access
Status Change Info
- Off Market Date
- 2019-07-26
- Under Contract Date
- 2019-05-29
- Close of Escrow Date
- 2019-07-26
Legal Info
- Lot Number
- 2
More Information
Income Expenses
- Gross Annual Sch Inc
- 110400
- Net Operating Income
- 74170
2 Bedroom Units
- # 2 Bedroom Units
- 8
- Avg Rent
- 1150
- Avg SqFt
- 750
- # 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
- Four Plex
- Yes
- 5 - 12 Units
- Yes
Other Type
- Packaged Offering
- Yes
- Other (See Remarks)
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Rolled
- Yes
Floors
- Vinyl
- Yes
- Ceramic Tile
- Yes
- Carpet
- Yes
Sale Includes
- Building(s) Only
- Yes
Income & Expenses
- Annual Elec Exp
- 600
- Annual Gas Exp
- 0
- Annual Ins Exp
- 2400
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 1000
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 4000
- Annual Mgmt Exp
- 10000
- Annual Trash Exp
- 1500
- Annual Wtr/Swr Exp
- 3500
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 3000
- Annual Other Expense
- 4540
- Operating Exp
- 32610
- Other Income
- 2000
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 106780
- Total Monthly Rental Income
- 9200
Pmt & Rate Info
- Cap Rate
- 6.45
- Down Payment
- 0
- Equity
- 1150000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Payment Includes
- Principal
- Yes
- Taxes
- Yes
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
- Other
- Yes
- See Remarks
- Yes
Heating
- Electric
- Yes
- Central
- Yes
Cooling
- Central Air
- Yes
- Electric
- Yes
- Heat Pump
- Yes
- Individual
- Yes
Exterior Amenities
- Other (See Remarks)
- Yes
Interior Features
- Other (See Remarks)
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Other
- Yes
Road Surface Type
- Asphalt
- Yes
- Dirt
- Yes
- Gravel
- Yes
Source of Fincl Data
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- On Street
- Yes
- <1 Space Per Unit
- Yes
- 1 Space/Unit
- Yes
Electric
- SRP
- Yes
Gas
- None
- Yes
- Other (See Remarks)
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- VA
- Yes
- Conventional
- Yes
- FHA
- Yes
- 1031 Exchange
- Yes
Special
- Owner/Agent
- Yes
Existing 1st Loan
- FHA
- Yes
- Conventional
- 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
- Other (See Remarks)
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
Four Plex; 5 - 12 Units
Other Type:
Packaged Offering; Other (See Remarks)
Construction:
Block
Const - Finish:
Painted
Roofing:
Rolled
Floors:
Vinyl; Ceramic Tile; Carpet
Sale Includes:
Building(s) Only
Payment Includes:
Principal; Taxes
Community Features:
No Pool; Other; See Remarks
Exterior Amenities:
Other (See Remarks)
Interior Features:
Other (See Remarks)
Appliances Included:
Free-Standing Range; Refrigerator; Other
Heating:
Central
Cooling:
Electric; Heat Pump; Individual; Central Air
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP
Gas:
None; Other (See Remarks)
Parking Features:
Carport; On Street; <1 Space Per Unit; 1 Space/Unit
Road Surface Type:
Gravel; Dirt; Asphalt
Owner Pays:
Water; Trash Collection; Landscaping
Tenant Pays:
Electricity
Source of Fincl Data:
Projected Proforma
Special:
Owner/Agent
Lockbox Type:
None
Existing 1st Loan:
FHA; Conventional
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:
VA; FHA; Conventional; 1031 Exchange
Environmental:
Other (See Remarks)
Listing Office:
Grace CRE
Last Updated: February - 02 - 2026
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