1421 S RITA Lane, Tempe, AZ 85281

$850,000
Property Type: Multiple Dwellings Bedrooms: 2 Baths: 2 Status: Closed
Current Price: $850,000 List Date: 12/23/2022 Last Modified: 5/16/2024

Overview

Description

This property is master lease for 3 years w/Tenant paying all expenses. 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, fixtures, stainless steel appliances and NEW underground pipes. Ample storage throughout, extended length carport and low maintenance landscaping.. Buyer to verify all Facts and Figures. Drive by only as this is occupied.

Listing Details MLS# 6500596

Location, Tax & Legal

Map Code/Grid
R37
House Number
1421
Compass
S
Street Name
RITA
St Suffix
Lane
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Country
US
County Code
Maricopa
Subdivision
HALSINGBORG
Assessor Number
133-09-019-E
Tax Year
2023

Contract Info

Ownership
Fee Simple

General Property Description

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

Remarks Misc

Cross Street
Rural Rd and Spence RD
Directions
Turn East on Spence to Rita. Turn South on Rita Property is on the left

Status Change Info

Off Market Date
2024-04-27
Under Contract Date
2024-04-27
Close of Escrow Date
2024-05-16

Legal Info

Township
1N
Range
4E
Section
23
Lot Number
E

More Information

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
1800
Avg SqFt
700
# Baths
Yes

Structure

Bedrooms Total
2
Bathrooms Total
2

Income Expenses

Gross Annual Sch Inc
44712
Net Operating Income
41293

Showing Notification Methods

Showing Service
No Showing Service Used

Sold Info

Loan Type
Other
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession to Buyer
5000
Seller Concession $/%
$

Property Features

Project Type: Duplex Construction: Block Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl Sale Includes: Land & Building; Personal Property; Laundry Equipment; Other (See Remarks) Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual; Heat Pump Cooling: Ceiling Fan(s); Heat Pump Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: None Parking Features: Carport; >1 Space Per Unit; Free; Paved Road Surface Type: Asphalt Owner Pays: None; See Remarks Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV; Landscaping; Other (See Remarks) Source of Fincl Data: Owner Lockbox Type: None New Financing: Conventional; No Carry Environmental: None
IDX
Listing Office: Gerchick Real Estate
Office Phone: 602-688-9279
Office Email: linda@justsoldit.com
Last Updated: May - 16 - 2024
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