1915 E HAYDEN Lane, Tempe, AZ 85281

$783,995
Property Type: Multiple Dwellings Status: Closed
Current Price: $783,995 Last Modified: 12/11/2019

Overview

Description

--All Offers Due by April 19th-- Rare Opportunity to purchase a Value-Add apartment complex in the Heart of Tempe near ASU campus buildings, 2 Metro Light Rail Stops, Multiple Freeways, and Tempe Marketplace (all located within 1 mile). This offering consists of 4 duplex buildings (all must be purchased together). Property is being offered $25,000-$56,000/unit below most Closed Tempe duplex comps. Additionally, this property comes with room to build more units. Hurry before this opportunity is gone! No showings or access provided until accepted offer. Tenant's Right Prevail- Please do not walk through the property or disturb the tenants. Drive-by via Hayden Lane only please.

Listing Details MLS# 5905895

Location, Tax & Legal

Map Code/Grid
R37
House Number
1915
Compass
E
Street Name
HAYDEN
St Suffix
Lane
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
7739
Country
US
County Code
Maricopa
Subdivision
O C WATSON TRACT
Assessor Number
132-64-008-A
Tax Year
2018
Assessor's Map #
64
Legal Description (Abbrev)
BEG NE COR SE4 NW4 S 89D 00' W 1219.39' TO POB TH S 89D 00' W 103' TO A PT 50' E OF E LI ANNEX TO
Assessor's Parcel #
8
Assessor Parcel Ltr
A
Add'l Parcels
Yes
Tax Municipality
Tempe
Census Tract
319201
Taxes
3382.26
Legal
BEG NE COR SE4 NW4 S 89D 00' W 1219.39' TO POB TH S 89D 00' W 103' TO A PT 50' E OF E LI ANNEX TO
Marketing Name
Hayden Lane Duplexes

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
205x155
Year Built
1967
Uncvrd Parking Spcs
17
Total # of Units
8
# of Buildings
4
Zoning
r-3, r-4
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District

Remarks Misc

Cross Street
McClintock Dr. & Hayden Ln.
Directions
From S. McClintock Dr, head East on Hayden Ln. Property is on South side of Road.

Status Change Info

Off Market Date
2019-04-26
Under Contract Date
2019-04-08
Close of Escrow Date
2019-04-25

Legal Info

Township
1N
Range
4E
Section
24

More Information

Efficiency Units

# Efficiency Units
2
Avg SqFt
465
# Baths
Yes
Avg Rent
0

1 Bedroom Units

# 1 Bedroom Units
3
Avg SqFt
483
# Baths
Yes
Avg Rent
0

2 Bedroom Units

# 2 Bedroom Units
2
Avg SqFt
650
# Baths
Yes
Avg Rent
0

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg SqFt
820
# Baths
Yes
Avg Rent
0

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

Duplex
Yes
5 - 12 Units
Yes

Construction

Wood Frame
Yes

Const - Finish

Siding
Yes
Other (See Remarks)
Yes

Roofing

Rolled
Yes
Other
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes
Carpet
Yes
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
3382.26
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0
Total Monthly Rental Income
0

Pmt & Rate Info

Down Payment
0
Equity
799995
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Window/Wall Unit(s)
Yes

Cooling

Electric
Yes
Window/Wall Unit
Yes

Tenant Pays

Electricity
Yes

Appliances Included

None
Yes

Road Surface Type

Dirt
Yes
Gravel
Yes

Source of Fincl Data

Unknown
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes
On Street
Yes
>1 Space Per Unit
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Gas
Yes
Trash Collection
Yes

New Financing

Other (See Remarks)
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

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

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Duplex; 5 - 12 Units Construction: Wood Frame Const - Finish: Siding; Other (See Remarks) Roofing: Rolled; Other Floors: Vinyl; Ceramic Tile; Carpet; Other Sale Includes: Land & Building Community Features: No Pool Appliances Included: None Heating: Heat Pump; Window/Wall Unit(s) Cooling: Electric; Window/Wall Unit Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: On Street; >1 Space Per Unit; Free Road Surface Type: Gravel; Dirt Owner Pays: Water; Gas; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Unknown Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable 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: Other (See Remarks) Environmental: None
IDX
Listing Office: Orion Investment Real Estate
Last Updated: December - 11 - 2019
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