1514 W 5TH Street 1&2, Tempe, AZ 85281
$490,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$490,000
Last Modified:
4/07/2025
Overview
Description
Listing Details MLS# 6587286
Location, Tax & Legal
- House Number
- 1514
- Compass
- W
- Street Name
- 5TH
- St Suffix
- Street
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85281
- Zip4
- 2429
- Country
- US
- County Code
- Maricopa
- Subdivision
- GINNY MAE ESTATES UNIT 1
- Assessor Number
- 124-38-012
- Tax Year
- 2022
- Unit #
- 1&2
- Assessor's Map #
- 38
- Legal Description (Abbrev)
- LOT 8 GINNY MAE ESTATES UNIT 1 MCR 010643
- Assessor's Parcel #
- 12
- Add'l Parcels
- No
- Tax Municipality
- Tempe
- Census Tract
- 319704
- Taxes
- 1560
- Legal
- LOT 8 GINNY MAE ESTATES UNIT 1 MCR 010643
- Marketing Name
- ASU Duplex
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 80x128
- Year Built
- 1970
- Uncvrd Parking Spcs
- 2
- Total # of Units
- 2
- # of Buildings
- Yes
- Zoning
- Multi
- Flood Zone
- No
- Elementary School District
- Tempe Elementary School District
- High School District
- Tempe Union High School District
- Elementary School
- Holdeman Elementary School
- Jr. High School
- Tempe High School
- High School
- Tempe Academy Of International Studies McKemy Campus
Remarks Misc
- Cross Street
- Priest Drive & University Drive
- Directions
- Head north on Priest from University, turn left on 5th Street, duplex is on the right.
Status Change Info
- Off Market Date
- 2023-10-04
- Under Contract Date
- 2023-09-25
- Close of Escrow Date
- 2023-10-12
Legal Info
- Township
- 1N
- Range
- 4E
- Section
- 17
- Lot Number
- 8
More Information
Income Expenses
- Gross Annual Sch Inc
- 32400
- Net Operating Income
- 28950
2 Bedroom Units
- # 2 Bedroom Units
- 2
- Avg Rent
- 1350
- Avg SqFt
- 731
- # Baths
- Yes
Sold Info
- Loan Type
- Other
- Payment Type
- Other
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession to Buyer
- 2500
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
Project Type
- Duplex
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Ceramic Tile
- 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
- 1560
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 32400
- Total Monthly Rental Income
- 28950
Pmt & Rate Info
- Cap Rate
- 5.57
- Down Payment
- 0
- Equity
- 520000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
- Central
- Yes
Cooling
- Central Air
- Yes
- Electric
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
- Fenced
- Yes
- Cable TV Available
- Yes
- Patio/Balcony
- Yes
- Separate Storage
- Yes
Interior Features
- Unfurnished
- Yes
- Mini Blinds
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
Appliances Included
- Dishwasher
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Other (See Remarks)
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Garage
- Yes
- Attached
- Yes
- Garage Door Opener
- Yes
Electric
- SRP
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- Conventional
- Yes
- FHA
- 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
- Other (See Remarks)
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Other (See Remarks)
- 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:
Duplex
Construction:
Block
Const - Finish:
Painted
Roofing:
Composition
Floors:
Ceramic Tile
Sale Includes:
Land & Building
Community Features:
No Pool
Exterior Amenities:
Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Separate Storage
Interior Features:
Unfurnished; Mini Blinds
Appliances Included:
Free-Standing Range; Refrigerator; Dishwasher; Washer/Dryer
Heating:
Central
Cooling:
Electric; Central Air
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP
Gas:
SW Gas
Parking Features:
Garage; Attached; Garage Door Opener
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection
Tenant Pays:
Electricity; Gas
Source of Fincl Data:
Other (See Remarks)
Lockbox Type:
None
Existing 1st Loan:
Treat as Free&Clear
Existing 1st Loan Type:
Not Applicable
Existing 1st Loan Terms:
Not Applicable
Existing 2nd Loan:
Other (See Remarks)
Existing 2nd Loan Type:
Not Applicable
Existing 2nd Loan Terms:
Not Applicable
Existing 3rd Loan:
Other (See Remarks)
Existing 3rd Loan Type:
Not Applicable
Existing 3rd Loan Terms:
Not Applicable
Existing Othr Ln Trm:
Not Applicable
New Financing:
FHA; Conventional
Environmental:
None
Listing Office:
Russ Lyon Sotheby's International Realty
Last Updated: April - 07 - 2025
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.