1705 E 12TH Street, Tempe, AZ 85281

$480,000
Property Type: Multiple Dwellings Bedrooms: 4 Baths: 2 Status: Closed
Current Price: $480,000 Last Modified: 9/10/2026

Overview

Description

Rare opportunity! Duplex Income Property in the Apache Light Rail Corridor flush with new development. Two blocks from expanding Valley Metro light rail system. Historic Borden Homes neighborhood. Close to ASU Main Campus, Tempe Marketplace, Mill Avenue District, Town Lake, Loops 101/202, etc. Each 2 BED 1 BATH unit is updated with modern finishes and tile flooring, dual pane windows, new HVAC in unit B, private patios. See attached list of purchases and dates. Units were previous furnished vacation rentals for 7 yrs. Interior shots are from the most recent vacant lease listing. Low property tax. No HOA. Property management in place. Drive by only. Do not disturb occupants. Viewing only after contract acceptance. FULLY occupied at $1200 per unit. Buyer to verify Facts and Figures. Act now!

Supplements: Zoning R1-6 but originally developed as a DUPLEX, permitted for LEGAL NON-CONFORMING USE.

Listing Details MLS# 6293554

Location, Tax & Legal

Map Code/Grid
R37
House Number
1705
Compass
E
Street Name
12TH
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
7394
Country
US
County Code
Maricopa
Subdivision
BORDEN HOMES
Assessor Number
132-61-071
Tax Year
2021
Assessor's Map #
61
Assessor's Parcel #
71
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
319103
Taxes
1237
Legal
LOT 71 BORDEN HOMES MCR 004003
Marketing Name
Light Rail Corridor, ASU

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
60x120
Year Built
1971
Uncvrd Parking Spcs
2
Total # of Units
2
# of Buildings
Yes
Zoning
R1-6
Flood Zone
TBD
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District
Elementary School
Cecil Shamley School
Jr. High School
McKemy Middle School
High School
McClintock High School

Remarks Misc

Cross Street
McClintock & Apache
Directions
Go west on Apache. Turn north on Una-Butte. At the fork, turn east on Butte then east on 12th St. Property is the westend unit on the south side. Drive by only Thank you ☺

Status Change Info

Off Market Date
2021-09-20
Under Contract Date
2021-09-20
Close of Escrow Date
2021-11-17

Legal Info

Township
1N
Range
4E
Section
23
Lot Number
71

More Information

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1200
Avg SqFt
765
# Baths
Yes

Structure

Bedrooms Total
4
Bathrooms Total
2

Income Expenses

Gross Annual Sch Inc
28800
Net Operating Income
24579

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

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Block
Yes

Const - Finish

Stucco
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes
Laundry Equipment
Yes

Income & Expenses

Annual Ins Exp
598
Annual Maint Exp
1007
Annual Wtr/Swr Exp
1416
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
4258
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
28800
Total Monthly Rental Income
2400

Pmt & Rate Info

Cap Rate
5.17
Equity
475000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Electric
Yes

Cooling

Central Air
Yes
Electric
Yes
Heat Pump
Yes
2 or More Units
Yes

Exterior Amenities

Satellite Dish
Yes
Cable TV Available
Yes
TV Antenna
Yes
Patio/Balcony
Yes

Interior Features

Unfurnished
Yes
Drapes
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
<1 Space Per Unit
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash to Loan
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Property Features

Project Type: Duplex Construction: Block Const - Finish: Stucco Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Satellite Dish; Cable TV Available; TV Antenna; Patio/Balcony Interior Features: Unfurnished; Drapes Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer Heating: Heat Pump Cooling: Electric; Heat Pump; Central Air; 2 or More Units Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: On Street; <1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash to Loan Environmental: None
IDX
Listing Office: HomeSmart
Last Updated: September - 10 - 2026
Broker Attribution: 4804031254

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