1320 W 3RD Street, Tempe, AZ 85281 (MLS# 5547654)

1320 W 3RD Street, Tempe, AZ 85281

$650,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $650,000 Last Modified: 12/20/2024

Overview

Description

LOCATION FEATURES: 1 mile from Mill Ave. Easy 202 access. FREE Orbit Bus shuttles to ASU, Light Rail Stations, and around Tempe. Walking/Running/Biking trail to Tempe Town Lake close. Grocery Store within walking distance. RENTAL FEATURES: Covered and non covered dedicated parking, Washer/Dryer included in each unit, Updated appliances and lighting: Glass Top Stoves, ceiling fans throughout. Private patio with storage shed, Brand New Energy Efficient Air Conditioning, Garbage Disposal, Single level building(no stairs or anyone above or below). Fresh interior paint and remodel. BBQ grill. Security Systems, surveillance cameras present and convey

Listing Details MLS# 5547654

Location, Tax & Legal

Map Code/Grid: R36
House Number: 1320
Compass: W
Street Name: 3RD
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 7614
Country: US
County Code: Maricopa
Subdivision: TEMPE APARTMENTS
Assessor Number: 124-28-005-F
Tax Year: 2016
Assessor's Map #: 28
Assessor's Parcel #: 5
Assessor Parcel Ltr: F
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 318800
Taxes: 2604
Legal: STATE PLAT 12 AMD MCR 69/38 W 68F OF E 272F OF LOT 35
Marketing Name: N/A

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 13329
Year Built: 1983
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: Yes
Zoning: R3
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Other
Jr. High School: Other
High School: Other

Remarks Misc

Cross Street: PRIEST & UNIVERSITY
Directions: Priest & 3rd Directions: Beck & University Directions: Beck & University Directions: NORTH ON BECK TO 3RD STREET. WEST ON 3RD TO 1320 UNIT ON THE NORTH SIDE OF THE STREET.

Status Change Info

Off Market Date: 2017-04-04
Under Contract Date: 2017-02-03
Close of Escrow Date: 2017-04-03

Legal Info

Township: 1N
Range: 4E
Section: 16
Lot Number: 35

More Information

Income Expenses

Net Operating Income: 55996

1 Bedroom Units

# 1 Bedroom Units: 2
Avg Rent: 1200
Avg SqFt: 850
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1700
Avg SqFt: 850
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: 2
Avg Rent: 1200
Avg SqFt: 850
# Baths: Yes

4 Bedrooms Units

# 4 Bedroom Units: 2
Avg Rent: 1200
Avg SqFt: 850
# 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

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1200
Annual Land Lse Exp: 0
Annual Landscape Exp: 1000
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 360
Annual Wtr/Swr Exp: 2040
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 7204
Other Income: 20000
Vacancy Allowance: 0
Adjusted Gross Inc: 20000

Pmt & Rate Info

Cap Rate: 8.82
Down Payment: 0
Equity: 635000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Community Features

No Pool: Yes
Barbecue: Yes

Heating

Electric: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Exterior Amenities

Landscape Water System: Yes
Desert Landscaping: Yes
Fenced: Yes
Partially Fenced: Yes
Curb(s) & Gutter(s): Yes
Cable TV Available: Yes
Sidewalk(s): Yes
Patio/Balcony: Yes
Separate Storage: Yes
Security Light(s): Yes

Interior Features

Unfurnished: Yes
Partially Furnished: Yes
Fire/Smoke Alarm(s): Yes
Security Alarm(s): Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes
Other (See Remarks): Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Built-In Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Books Shwn Accpt Ofr: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
Free: Yes
On Street: Yes
>1 Space Per Unit: Yes
Paved: Yes
Assigned: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Conventional: Yes
FHA: Yes
Owner May Carry: Yes
1031 Exchange: Yes

Special

Owner/Agent: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: 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

Efficiency Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool; Barbecue Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Partially Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Patio/Balcony; Separate Storage; Security Light(s) Interior Features: Unfurnished; Partially Furnished; Fire/Smoke Alarm(s); Security Alarm(s) Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Cooling: Ceiling Fan(s); Electric; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Carport; On Street; >1 Space Per Unit; Assigned; Free; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV; Other (See Remarks) Source of Fincl Data: Owner; Books Shwn Accpt Ofr Special: Owner/Agent Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable 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: FHA; Conventional; Owner May Carry; 1031 Exchange Environmental: None

Listing Office: Geneva Real Estate and Investments

Last Updated: December - 20 - 2024