1321 W 5TH Street, Tempe, AZ 85281

$510,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $510,000 Last Modified: 8/04/2023

Overview

Description

4 Plex in a great location. All 2 bedroom, 1 bath units. Fully occupied. This property has 2 units that have been updated in the past 2 years. 4 New HVAC units. Great value and room to improve other 2 units.

Listing Details MLS# 5858622

Location, Tax & Legal

Map Code/Grid
R36
House Number
1321
Compass
W
Street Name
5TH
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
2447
Country
US
County Code
Maricopa
Subdivision
STATE PLAT NO 12 AMD
Assessor Number
124-37-004-F
Tax Year
2018
Assessor's Map #
37
Legal Description (Abbrev)
STATE PLAT NO 12 AMD LOT 38 TH W 70' OF TH E 419' EX S 115' .26 AC C
Assessor's Parcel #
4
Assessor Parcel Ltr
F
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Census Tract
318800
Taxes
2338
Legal
STATE PLAT NO 12 AMD LOT 38 TH W 70' OF TH E 419' EX S 115' .26 AC C
Marketing Name
NA

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
.26 Acres
Year Built
1970
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
2
Zoning
Multi Family
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District

Remarks Misc

Cross Street
UNIVERSITY AND PRIEST
Directions
FROM 202, S ON PRIEST, LEFT ON W 5TH, PROPERTY ON RIGHT.

Status Change Info

Off Market Date
2019-01-22
Under Contract Date
2019-01-02
Close of Escrow Date
2019-01-21

Legal Info

Township
1N
Range
4E
Section
16
Lot Number
38

More Information

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
725
Avg SqFt
700
# 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

Block
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Built-Up
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Building(s) Only
Yes
Land & Building
Yes

Income & Expenses

Annual Elec Exp
1000
Annual Gas Exp
900
Annual Ins Exp
1260
Annual Land Lse Exp
0
Annual Landscape Exp
80
Annual Legal & Acctg
0
Annual Maint Exp
1200
Annual Mgmt Exp
1800
Annual Trash Exp
1000
Annual Wtr/Swr Exp
2400
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
11978
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
0

Pmt & Rate Info

Down Payment
0
Equity
524900
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes

Heating

Natural Gas
Yes

Cooling

Electric
Yes
Individual
Yes

Exterior Amenities

Green Landscaping
Yes
Desert Landscaping
Yes
Separate Storage
Yes

Interior Features

Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Gas
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes
Other
Yes

Road Access Type

Alley
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

1 Space/Unit
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Gas
Yes

New Financing

Conventional
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Conventional
Yes

Existing 1st Loan Type

Fixed
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

None
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 Construction: Block Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Ceramic Tile Sale Includes: Building(s) Only; Land & Building Community Features: No Pool Exterior Amenities: Green Landscaping; Desert Landscaping; Separate Storage Interior Features: Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Other Heating: Natural Gas Cooling: Electric; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: 1 Space/Unit Road Access Type: Alley Road Surface Type: Asphalt Owner Pays: Water; Gas Tenant Pays: Sewer; Electricity; Gas; Trash Collection Source of Fincl Data: Owner Special: Owner/Agent Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed 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: Conventional Environmental: None

Documents

IDX
Listing Office: Sterling Fine Properties
Last Updated: August - 04 - 2023
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