1244 N ROSE Street, Tempe, AZ 85288

$1,550,000
Property Type: Multiple Dwellings Bedrooms: 11 Baths: 6 Status: Closed
Current Price: $1,550,000 Last Modified: 11/01/2023

Overview

Description

DEVELOPMENT OPPORTUNITY! Fully renovated 5 plex with great unit mix, large backyards and room to develop 2 additional large units per current zoning. Four 2 bed 1 bath units (two duplexes) and one 3 bed 2 bath SFR fully occupied grossing $8,240/mo. All units have beeb fully gutted inside and out and all systems replaced. 4 new HVAC units, all New Roofs, All new electrical panels, all new windows, and entire interiors. Over $600,000 spent on this property.

Listing Details MLS# 6508373

Location, Tax & Legal

Map Code/Grid
Q37
House Number
1244
Compass
N
Street Name
ROSE
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85288
Country
US
County Code
Maricopa
Subdivision
NORTH TEMPE 2
Assessor Number
132-13-051-A
Tax Year
2022

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
TBD
Year Built
1969
Uncvrd Parking Spcs
15
Total # of Units
5
# of Buildings
3
Zoning
R-2
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District

Remarks Misc

Cross Street
Weber and Scottsdale Rd
Directions
Heading South on Scottsdale Road, Turn left onto Weber Dr, then take a Right onto Scovel St. Take first right onto Harry and the property is on the corner

Status Change Info

Off Market Date
2023-04-17
Under Contract Date
2023-03-02
Close of Escrow Date
2023-04-20

Legal Info

Township
1N
Range
4E
Section
11
Lot Number
202

More Information

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1535
Avg SqFt
2856
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
2100
Avg SqFt
2100
# Baths
2

Structure

Bedrooms Total
11
Bathrooms Total
6

Income Expenses

Gross Annual Sch Inc
98880
Net Operating Income
91233.6

Sold Info

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

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted; Stucco; Siding Roofing: Composition; Foam Floors: Vinyl; Ceramic Tile Sale Includes: Building(s) Only; Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Fenced Appliances Included: Built-In Range; Refrigerator; Disposal; Microwave; Washer/Dryer Heating: Central; 2 or More Units Cooling: Ceiling Fan(s); Central Air; 2 or More Units Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: City Gas Parking Features: >1 Space Per Unit Road Surface Type: Gravel Owner Pays: Water; See Remarks Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner Special: Owner/Agent Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Cash to Loan; VA; Conventional; Wraparound; 1031 Exchange; Trade Environmental: None
IDX
Listing Office: Keller Williams Realty Phoenix
Office Phone: 480-768-9333
Office Email: rjchristopher@kw.com
Last Updated: November - 01 - 2023
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