1519 W 7TH Place, Tempe, AZ 85281
$610,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$610,000
Last Modified:
10/09/2025
Overview
Description
Listing Details MLS# 6884240
Location, Tax & Legal
- House Number
- 1519
- Compass
- W
- Street Name
- 7TH
- St Suffix
- Place
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85281
- Zip4
- 3241
- Country
- US
- County Code
- Maricopa
- Subdivision
- LINDON PARK 9
- Assessor Number
- 124-72-145-A
- Tax Year
- 2024
- Assessor's Map #
- 72
- Legal Description (Abbrev)
- LOT 323 LINDON PARK 9 MCR 008848
- Assessor's Parcel #
- 145
- Assessor Parcel Ltr
- A
- Add'l Parcels
- No
- Tax Municipality
- Tempe
- Census Tract
- 319704
- Taxes
- 2243
- Legal
- LOT 323 LINDON PARK 9 MCR 008848
- Marketing Name
- 7th Place Apartments
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- Irr
- Year Built
- 1967
- Uncvrd Parking Spcs
- Yes
- Total # of Units
- 3
- # of Buildings
- Yes
- Zoning
- multi
- High School District
- Tempe Union High School District
Remarks Misc
- Cross Street
- Priest & University
- Directions
- Property is located near the NE corner of Priest & University.
Status Change Info
- Off Market Date
- 2025-09-24
- Under Contract Date
- 2025-09-23
- Close of Escrow Date
- 2025-10-08
Legal Info
- Township
- 1N
- Range
- 4E
- Section
- 17
- Lot Number
- 323
More Information
Income Expenses
- Gross Annual Sch Inc
- 47100
- Net Operating Income
- 34456
Showing Notification Methods
- Showing Service
- No Showing Service Used
2 Bedroom Units
- # 2 Bedroom Units
- 2
- Avg Rent
- 1125
- Avg SqFt
- 800
- # Baths
- Yes
3 Bedrooms Units
- # 3 Bedroom Units
- Yes
- Avg Rent
- 1675
- Avg SqFt
- 1033
- # Baths
- 2
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
- Tri-Plex
- Yes
Construction
- Block
- Yes
- Brick
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Concrete
- Yes
- Ceramic Tile
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
- Personal Property
- Yes
- Laundry Equipment
- Yes
Income & Expenses
- Annual Ins Exp
- 1500
- Annual Landscape Exp
- 720
- Annual Maint Exp
- 3600
- Annual Mgmt Exp
- 1800
- Annual Wtr/Swr Exp
- 1950
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Operating Exp
- 11813
- Other Income
- 600
- Vacancy Allowance
- 0.03
- Adjusted Gross Inc
- 46269
- Total Monthly Rental Income
- 3925
Pmt & Rate Info
- Cap Rate
- 5.47
- Equity
- 630000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
Cooling
- Heat Pump
- Yes
Exterior Amenities
- Green Landscaping
- Yes
- Desert Landscaping
- Yes
Interior Features
- Unfurnished
- Yes
- Mini Blinds
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
Appliances Included
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Surface Type
- Concrete
- Yes
Source of Fincl Data
- Other (See Remarks)
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- 1 Space/Unit
- Yes
Electric
- SRP
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- 1031 Exchange
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
Tri-Plex
Construction:
Block; Brick
Const - Finish:
Painted
Roofing:
Composition
Floors:
Concrete; Ceramic Tile; Carpet
Sale Includes:
Land & Building; Personal Property; Laundry Equipment
Community Features:
No Pool
Exterior Amenities:
Green Landscaping; Desert Landscaping
Interior Features:
Unfurnished; Mini Blinds
Appliances Included:
Free-Standing Range; Refrigerator
Cooling:
Heat Pump
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP
Gas:
SW Gas
Parking Features:
1 Space/Unit
Road Surface Type:
Concrete
Owner Pays:
Trash Collection; Landscaping
Tenant Pays:
Electricity; Gas
Source of Fincl Data:
Other (See Remarks)
Lockbox Type:
None
New Financing:
Cash; Conventional; 1031 Exchange
Environmental:
None
Listing Office:
Realty ONE Group
Last Updated: October - 09 - 2025
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