1320 W 3RD Street, Tempe, AZ 85281
$650,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$650,000
Last Modified:
12/20/2024
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
More Information MLS# 5547654
Contract Info
Ownership: Fee Simple
Current Price: $650,000
Sold Price: $650,000
Status: Closed
List Date: 2017-01-16
Location, Tax & Legal
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
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
County Code: Maricopa
Subdivision: TEMPE APARTMENTS
Assessor Number: 124-28-005-F
Tax Year: 2016
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 13329
Total # of Units: 4
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
Year Built: 1983
Zoning: R3
Legal Info
Range: 4E
Section: 16
Township: 1N
Lot Number: 35
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
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: 1
Barbecue: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Fenced: 1
Partially Fenced: 1
Curb(s) & Gutter(s): 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Separate Storage: 1
Security Light(s): 1
Interior Features
Unfurnished: 1
Partially Furnished: 1
Fire/Smoke Alarm(s): 1
Security Alarm(s): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Other (See Remarks): 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Books Shwn Accpt Ofr: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Free: 1
On Street: 1
>1 Space Per Unit: 1
Paved: 1
Assigned: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
FHA: 1
Owner May Carry: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1200
Avg SqFt: 850
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1700
Avg SqFt: 850
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 1200
Avg SqFt: 850
# Baths: 1
4 Bedrooms Units
# 4 Bedroom Units: 2
Avg Rent: 1200
Avg SqFt: 850
# Baths: 1
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: 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.
Geo Lat: 33.427394
Geo Lon: -111.959704
Status Change Info
Off Market Date: 2017-04-04
Under Contract Date: 2017-02-03
Close of Escrow Date: 2017-04-03
Sold Price: $650,000
Income Expenses
Net Operating Income: 55996
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
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