1244 N ROSE Street, Tempe, AZ 85288
$1,550,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,550,000
Last Modified:
11/01/2023
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.
More Information MLS# 6508373
Contract Info
Ownership: Fee Simple
Current Price: $1,550,000
Sold Price: $1,550,000
Status: Closed
List Date: 2023-01-16
Location, Tax & Legal
Assessor's Map #: 13
Legal Description (Abbrev): LOT 202 NORTH TEMPE 2 MCR 007031
Assessor's Parcel #: 51
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Tempe
Census Tract: 318400
Taxes: 2880
Legal: LOT 202 NORTH TEMPE 2 MCR 007031
Marketing Name: Renovated 5 Plex!!
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
County Code: Maricopa
Subdivision: NORTH TEMPE 2
Assessor Number: 132-13-051-A
Tax Year: 2022
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 15
Lot Size Dimensions: TBD
Total # of Units: 5
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Year Built: 1969
Zoning: R-2
Legal Info
Range: 4E
Section: 11
Township: 1N
Lot Number: 202
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Siding: 1
Roofing
Composition: 1
Foam: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Building(s) Only: 1
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Wtr/Swr Exp: 1800
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 4680
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 95913.6
Pmt & Rate Info
Cap Rate: 5.07
Equity: 1800000
Down Payment %: 25
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Central: 1
2 or More Units: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
2 or More Units: 1
Exterior Amenities
Fenced: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
Road Surface Type
Gravel: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
City Gas: 1
Owner Pays
Water: 1
See Remarks: 1
New Financing
Cash to Loan: 1
VA: 1
Conventional: 1
Wraparound: 1
1031 Exchange: 1
Trade: 1
Special
Owner/Agent: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1535
Avg SqFt: 2856
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 2100
Avg SqFt: 2100
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
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
Geo Lat: 33.443202
Geo Lon: -111.921391
Status Change Info
Off Market Date: 2023-04-17
Under Contract Date: 2023-03-02
Close of Escrow Date: 2023-04-20
Sold Price: $1,550,000
Income Expenses
Gross Annual Sch Inc: 98880
Net Operating Income: 91233.6
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
Listing Office:
Keller Williams Realty Phoenix
Last Updated: November - 01 - 2023
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