1327 W 4TH Street, Tempe, AZ 85281
$725,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$725,000
Last Modified:
2/05/2025
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!!!
More Information MLS# 6766239
Contract Info
Ownership: Fee Simple
Current Price: $725,000
Sold Price: $725,000
Status: Closed
List Date: 2024-10-03
Location, Tax & Legal
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
House Number: 1327
Compass: W
Street Name: 4TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2484
County Code: Maricopa
Subdivision: JO-ELLEN HOMES
Assessor Number: 124-28-030
Tax Year: 2023
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 8834
Flood Zone: No
Total # of Units: 2
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
Year Built: 1961
Zoning: Multifamily
Legal Info
Range: 4E
Section: 16
Township: 1N
Lot Number: 7
Project Type
Duplex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Laundry Equipment: 1
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
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
Supra: 1
Community Features
No Pool: 1
Barbecue: 1
Heating
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Separate Storage: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Gas: 1
Electricity: 1
Landscaping: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
On Street: 1
>1 Space Per Unit: 1
Attached: 1
Paved: 1
Assigned: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1995
Avg SqFt: 851
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
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: University & Priest
Directions: North on Priest from University to 4th St, east to property on south side.
Geo Lat: 33.426192
Geo Lon: -111.960277
Status Change Info
Off Market Date: 2025-02-05
Under Contract Date: 2025-01-06
Close of Escrow Date: 2025-01-31
Sold Price: $725,000
Income Expenses
Gross Annual Sch Inc: 47880
Net Operating Income: 45250
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
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