1411 S BONARDEN Lane, Tempe, AZ 85281 (MLS# 6702126)

1411 S BONARDEN Lane, Tempe, AZ 85281

$700,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $700,000 Last Modified: 8/16/2025

Overview

Description

BOTH UNITS are occupied w/lease for 1 year w/Tenant paying for utilities. Great Investment Property in the heart of Tempe! Walking distance to ASU and quick 202 freeway access. TRUE DUPLEX!! Two 2 bed, 1 bath units, individually metered (gas & electric); completely and beautifully updated. New Sewer lines all the way to the street. New Plumbing, New AC, & New Tankless Water Heaters. All New Windows and Doors. Brand New Bathroom, New Kitchen with modern quartz countertops, white shaker cabinets, & SS Appliances. New porcelain tile and baseboards throughout. New washer/dryer combo inside the units. New synthetic stucco and fresh paint. Ample backyard with dividing fence for privacy. Low maintenance courtyard with separate driveway for each unit. NO HOA. Please DO NOT disturb tenants.

Listing Details MLS# 6702126

Location, Tax & Legal

House Number: 1411
Compass: S
Street Name: BONARDEN
St Suffix: Lane
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5801
Country: US
County Code: Maricopa
Subdivision: JEN TILLY TERRACE LOTS 13-18
Assessor Number: 133-10-055-C
Tax Year: 2023
Assessor's Map #: 10
Legal Description (Abbrev): JEN TILLY TERRACE PT LOT 29 N 266 2/3' EX N 100' & EX S 83.4' & EX W 15'
Assessor's Parcel #: 55
Assessor Parcel Ltr: C
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319104
Taxes: 1344
Legal: JEN TILLY TERRACE PT LOT 29 N 266 2/3' EX N 100' & EX S 83.4' & EX W 15'
Marketing Name: BONARDEN APARTMENTS

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 84X85
Year Built: 1959
Uncvrd Parking Spcs: 4
Total # of Units: 2
# of Buildings: Yes
Zoning: R-4
High School District: Tempe Union High School District

Remarks Misc

Cross Street: Rural Rd & Spence Ave
Directions: Turn East on Spence Ave to Bonarden Ln. Turn South on Bonarden Ln Property is on the left.

Status Change Info

Off Market Date: 2025-08-16
Under Contract Date: 2025-07-15
Close of Escrow Date: 2025-08-15

Legal Info

Township: 1N
Range: 4E
Section: 23
Lot Number: 29

More Information

Income Expenses

Gross Annual Sch Inc: 44400
Net Operating Income: 43151

Showing Notification Methods

Showing Service: No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1975
Avg SqFt: 720
# Baths: Yes

Sold Info

Loan Type: Other
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
Stucco: Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

Income & Expenses

Annual Ins Exp: 805
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2149
Other Income: 900
Vacancy Allowance: 0.03
Adjusted Gross Inc: 43941
Total Monthly Rental Income: 3700

Pmt & Rate Info

Cap Rate: 5.46
Equity: 790000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

See Private Remarks: Yes
None: Yes

Community Features

See Remarks: Yes

Heating

Electric: Yes

Cooling

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

Exterior Amenities

Fenced: Yes
Patio/Balcony: Yes

Interior Features

Fire/Smoke Alarm(s): Yes
Breakfast Bar: Yes

Tenant Pays

Gas: Yes
Water: Yes
Electricity: Yes
Trash Collection: 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
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

>1 Space Per Unit: Yes

Electric

SRP: Yes
Individual Meter: Yes

Gas

SW Gas: Yes
Individual Meter: Yes

Owner Pays

None: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
1031 Exchange: Yes

Special

Owner/Agent: Yes

Existing 1st Loan

Private: Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Non Assumable: 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; Stucco Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Features: See Remarks Exterior Amenities: Fenced; Patio/Balcony Interior Features: Fire/Smoke Alarm(s); Breakfast Bar Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Cooling: Ceiling Fan(s); Electric; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: SW Gas; Individual Meter Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: None Tenant Pays: Water; Electricity; Gas; Trash Collection Source of Fincl Data: Owner Special: Owner/Agent Lockbox Type: See Private Remarks; None Existing 1st Loan: Private Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None

Listing Office: HomeSmart

Last Updated: August - 16 - 2025