1332 S PRIEST Drive, Tempe, AZ 85281

$525,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $525,000 Last Modified: 1/13/2023

Overview

Description

Great income producing 8 unit complex

Listing Details MLS# 5349229

Location, Tax & Legal

Map Code/Grid
R36
House Number
1332
Compass
S
Street Name
PRIEST
St Suffix
Drive
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Country
US
County Code
Maricopa
Subdivision
JO-ELLEN HOMES
Assessor Number
124-28-032-B
Tax Year
2015
Assessor's Map #
28
Legal Description (Abbrev)
JO-ELLEN HOMES N 66' OF LOT 9 & ALSO PT ABAND PRIEST AVE LY ADJ ON W DAF BEG NW COR LOT 9 W 15'
Assessor's Parcel #
32
Assessor Parcel Ltr
B
Add'l Parcels
Yes
Tax Municipality
Tempe
Census Tract
318800
Taxes
2618.92
Legal
JO-ELLEN HOMES N 66' OF LOT 9 & ALSO PT ABAND PRIEST AVE LY ADJ ON W DAF BEG NW COR LOT 9 W 15'
Marketing Name
Bell Apartments

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
11,883
Year Built
1961
Uncvrd Parking Spcs
8
Total # of Units
8
# of Buildings
2
Zoning
R-4
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District
Elementary School
Scales Technology Academy
Jr. High School
Geneva Epps Mosley Middle School
High School
Tempe High School

Remarks Misc

Cross Street
Priest & 5th
Directions
NE corner of Priest & 5th

Status Change Info

Off Market Date
2016-01-06
Under Contract Date
2015-10-29
Close of Escrow Date
2015-12-31

Legal Info

Township
1N
Range
4E
Section
16
Lot Number
9

More Information

Income Expenses

Net Operating Income
44220

1 Bedroom Units

# 1 Bedroom Units
8
Avg Rent
535
Avg SqFt
650
# Baths
Yes

Contact Info

List Agent Home Phn
480-878-8255

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
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

Roofing

Composition
Yes

Floors

Vinyl
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
4835.07
Annual Gas Exp
0
Annual Ins Exp
1391
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
730
Annual Maint Exp
6944.19
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
16519.18
Other Income
99.99
Vacancy Allowance
0.03
Adjusted Gross Inc
96.99

Pmt & Rate Info

Cap Rate
8.04
Down Payment
0
Equity
550000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes

Heating

Heat Pump
Yes

Cooling

Heat Pump
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Disposal
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes
Dirt
Yes
Gravel
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Gas
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes
FHA
Yes
No Carry
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

2 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 Roofing: Composition Floors: Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator; Disposal Heating: Heat Pump Cooling: Heat Pump Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: On Street Road Surface Type: Gravel; Dirt; Asphalt Owner Pays: Water; Gas; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner 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; No Carry Environmental: None
IDX
Listing Office: Vinson Realty & Investment LLC
Last Updated: January - 13 - 2023
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