1433 S KENNETH Place, Tempe, AZ 85281

$1,350,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,350,000 Last Modified: 2/05/2026

Overview

Description

Two 4-Plex buildings. All 8 units are 2-bedroom, 1-bath. Investment opportunity close to ASU! **DRIVE BY ONLY** **DO NOT DISTURB TENANTS** **VIEWING ONLY AFTER ACCEPTED CONTRACT**

Listing Details MLS# 6007404

Location, Tax & Legal

Map Code/Grid
R37
House Number
1433
Compass
S
Street Name
KENNETH
St Suffix
Place
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
7003
Country
US
County Code
Maricopa
Subdivision
KENNETH PLACE
Assessor Number
133-09-043-B
Tax Year
2020
Assessor's Map #
9
Legal Description (Abbrev)
KENNETH PL LOT 4 N 87'
Assessor's Parcel #
43
Assessor Parcel Ltr
B
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
319104
Taxes
3191
Legal
KENNETH PL LOT 4 N 87'
Marketing Name
Kenneth Place

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
89x153 (13,398 sq ft)
Year Built
1960
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
Curry Elementary School
Jr. High School
Connolly Middle School
High School
McClintock High School

Remarks Misc

Cross Street
Rural & Apache
Directions
South On Rural, east on Spence, south on Kenneth.

Status Change Info

Off Market Date
2021-09-14
Under Contract Date
2021-09-13
Close of Escrow Date
2021-09-29

Legal Info

Township
1N
Range
4E
Section
23
Lot Number
4

More Information

2 Bedroom Units

# 2 Bedroom Units
8
Avg Rent
900
Avg SqFt
605
# Baths
Yes

Sold Info

Loan Type
Cash
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes
5 - 12 Units
Yes

Construction

Block
Yes
Wood Frame
Yes

Const - Finish

Painted
Yes

Roofing

Other
Yes

Floors

Other
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
0
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
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
3191
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Pmt & Rate Info

Down Payment
0
Equity
1300000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes
Natural Gas
Yes

Cooling

Individual
Yes

Tenant Pays

Gas
Yes
Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes
Cable TV
Yes

Appliances Included

None
Yes

Road Surface Type

Dirt
Yes
Gravel
Yes

Source of Fincl Data

Unknown
Yes

Water Source

Individual Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

None
Yes

New Financing

Conventional
Yes
Owner May Carry
Yes
Wraparound
Yes
1031 Exchange
Yes

Existing 1st Loan

Conventional
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Non Assumable
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

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex; 5 - 12 Units Construction: Block; Wood Frame Const - Finish: Painted Roofing: Other Floors: Other Sale Includes: Land & Building Community Features: No Pool Appliances Included: None Heating: Natural Gas Cooling: Individual Water Source: Individual Meter Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: >1 Space Per Unit Road Surface Type: Gravel; Dirt Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Unknown Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Non Assumable 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: Conventional; Owner May Carry; Wraparound; 1031 Exchange Environmental: None
IDX
Listing Office: Keller Williams Realty Sonoran Living
Last Updated: February - 05 - 2026
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