1417 S RITA Lane, Tempe, AZ 85281

$600,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $600,000 Last Modified: 7/03/2024

Overview

Description

Great value with an excellent location for this remodeled Tempe Duplex. Close proximity to ASU and university transportation. Property features two spacious 1 bedroom, 1 bathroom units, both with a one car carport and slab parking, large private block fenced backyards in a quiet low traffic neighborhood. New flooring, tile tub/ shower surrounds, new vanities and cabinets, quartz countertops, dual pane windows, tankless water heaters, fixtures, stainless steel appliances and butcher block bar / dining table in the kitchen. Ample storage throughout, extended length carport and low maintenance landscaping. Great opportunity to purchase a cash flowing maintenance free property. Both units Tenant occupied on 12 month leases at $1650 per month.

Listing Details MLS# 6528316

Location, Tax & Legal

Map Code/Grid
R37
House Number
1417
Compass
S
Street Name
RITA
St Suffix
Lane
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
5806
Country
US
County Code
Maricopa
Subdivision
HALSINGBORG
Assessor Number
133-09-019-D
Tax Year
2022
Assessor's Map #
9
Legal Description (Abbrev)
HALSINGBORG TR A EX N 133' & EX S 147.5'
Assessor's Parcel #
19
Assessor Parcel Ltr
D
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
319104
Taxes
1149
Legal
HALSINGBORG TR A EX N 133' & EX S 147.5'
Marketing Name
Druplex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
100.55x69.76x69.76x100.82
Year Built
1959
Uncvrd Parking Spcs
6
Total # of Units
2
# of Buildings
Yes
Zoning
R-4
Flood Zone
No
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District
Elementary School
Flora Thew Elementary School
Jr. High School
Connolly Middle School
High School
McClintock High School

Remarks Misc

Cross Street
Rural Rd & Apache Blvd
Directions
South on Rural to Spence, East on Spence to Rita, South on Rita to property.

Status Change Info

Off Market Date
2023-09-19
Under Contract Date
2023-09-18
Close of Escrow Date
2023-10-05

Legal Info

Township
1N
Range
4E
Section
23

More Information

Income Expenses

Gross Annual Sch Inc
39600

1 Bedroom Units

# 1 Bedroom Units
2
Avg SqFt
550
# Baths
Yes
Avg Rent
0

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

Duplex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes
Stone
Yes

Roofing

Composition
Yes

Floors

Concrete
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
1149
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
39600

Pmt & Rate Info

Equity
599900
Down Payment %
0
Monthly Payments
0
Total Owed
0

Community Features

No Pool
Yes

Heating

Natural Gas
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
2 or More Units
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

Free-Standing Range
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
>1 Space Per Unit
Yes
Add'l Parking Avail
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

None
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: Duplex Construction: Block Const - Finish: Painted; Stone Roofing: Composition Floors: Concrete Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Range; W/D Hookup Heating: Natural Gas Cooling: Ceiling Fan(s); Central Air; 2 or More Units Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Carport; >1 Space Per Unit; Add'l Parking Avail Road Surface Type: Asphalt Owner Pays: Water Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear New Financing: VA; FHA; Conventional Environmental: None
IDX
Listing Office: ARRT of Real Estate
Last Updated: July - 03 - 2024
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