1327 W 4TH Street, Tempe, AZ 85281 (MLS# 6766239)

1327 W 4TH Street, Tempe, AZ 85281

$725,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $725,000 Last Modified: 2/05/2025

Overview

Description

Remodeled duplex right in the heart of Tempe and near the ASU campus. This turn-key property has zoning and room to build a 3rd property or ADU. Each unit is large, over 850 sqft each and has individual in-unit laundry. The remodel consists of a new roof, new AC's, new dual-pane windows, interior/exterior doors, sewer lines, new water pipes, new kitchen & bathrooms with quartz counters, vinyl floors, water heaters, trim/baseboards, lighting, fans, insulation, paint, inside laundry, landscaping and stainless steel appliances. Units have big open kitchen, dinning, great room concept. Large backyard with private storage rooms for each unit. Electric and gas are separately metered, only water is not. Perfect setup for a ''house hack'' or an investor who just wants ''mailbox money''. NO HOA!!!

Listing Details MLS# 6766239

Location, Tax & Legal

House Number: 1327
Compass: W
Street Name: 4TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2484
Country: US
County Code: Maricopa
Subdivision: JO-ELLEN HOMES
Assessor Number: 124-28-030
Tax Year: 2023
Assessor's Map #: 28
Legal Description (Abbrev): LOT 7 JO-ELLEN HOMES MCR 008904
Assessor's Parcel #: 30
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 318800
Taxes: 1430
Legal: LOT 7 JO-ELLEN HOMES MCR 008904
Marketing Name: Jo-Ellen

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 8834
Year Built: 1961
Uncvrd Parking Spcs: 4
Total # of Units: 2
# of Buildings: Yes
Zoning: Multifamily
Flood Zone: No
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Holdeman Elementary School
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School

Remarks Misc

Cross Street: University & Priest
Directions: North on Priest from University to 4th St, east to property on south side.

Status Change Info

Off Market Date: 2025-02-05
Under Contract Date: 2025-01-06
Close of Escrow Date: 2025-01-31

Legal Info

Township: 1N
Range: 4E
Section: 16
Lot Number: 7

More Information

Income Expenses

Gross Annual Sch Inc: 47880
Net Operating Income: 45250

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1995
Avg SqFt: 851
# 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

Duplex: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes

Sale Includes

Land & Building: Yes
Personal Property: Yes
Laundry Equipment: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 1200
Operating Exp: 2630
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 47880
Total Monthly Rental Income: 3990

Pmt & Rate Info

Cap Rate: 5.88
Equity: 769000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Supra: Yes

Community Features

No Pool: Yes
Barbecue: Yes

Heating

Central: Yes

Cooling

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

Exterior Amenities

Desert Landscaping: Yes
Partially Fenced: Yes
Separate Storage: Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes

Tenant Pays

Gas: Yes
Electricity: Yes
Landscaping: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

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

Electric

SRP: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes

Special

Owner/Agent: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: 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: Duplex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl Sale Includes: Land & Building; Personal Property; Laundry Equipment Community Features: No Pool; Barbecue Exterior Amenities: Desert Landscaping; Partially Fenced; Separate Storage Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Central Cooling: Ceiling Fan(s); Electric; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: On Street; >1 Space Per Unit; Attached; Assigned; Free; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas; Landscaping Source of Fincl Data: Owner Special: Owner/Agent Showing Notification Methods: Text Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional Environmental: None

Listing Office: Venture REI, LLC

Last Updated: February - 05 - 2025