1921 E Hayden Lane, Tempe, AZ 85281
$695,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$695,000
Last Modified:
8/23/2012
Description
Great long term investment opportunity. Spacious 850 Sq.ft. 2bed/1 bath apartment units. Close to Freeway System-loop 202 & 101• Nice sparkling pool • Located Less Than 1/2 Mile from Light Rail Station• Centrally Located• Close to ASU• Near Downtown Restaurants, Shops & Entertainment• Walk-in closets• Ample Covered Parking• Freeway Access • On site Laundry Facility. On the Orbit Transportation line!!(Free small bus service serving Tempe)
More Information MLS# 4766476
Contract Info
Ownership: Fee Simple
Current Price: $695,000
Sold Price: $695,000
Status: Closed
List Date: 2012-05-30
Location, Tax & Legal
Assessor's Map #: 64
Assessor's Parcel #: 7
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Tempe
Taxes: 6944.32
Legal: To be provided in escrow.
Marketing Name: Hayden Lane Apartments
Map Code/Grid: R37
House Number: 1921
Compass: E
Street Name: Hayden
St Suffix: Lane
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
County Code: Maricopa
Assessor Number: 132-64-007-B
Tax Year: 2011
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 14
Lot Size Dimensions: 25,544
Total # of Units: 13
Elementary School District: Tempe Elementary School District
Year Built: 1985
Zoning: R-3
Project Type
13 - 24 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 3250
Annual Gas Exp: 0
Annual Ins Exp: 1950
Annual Land Lse Exp: 0
Annual Landscape Exp: 2600
Annual Legal & Acctg: 0
Annual Maint Exp: 5200
Annual Mgmt Exp: 2600
Annual Trash Exp: 1300
Annual Wtr/Swr Exp: 4550
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 2400
Annual Other Expense: 10400
Operating Exp: 41194.32
Other Income: 5023
Vacancy Allowance: 0.12
Adjusted Gross Inc: 93652.24
Total Monthly Rental Income: 8450
Pmt & Rate Info
Cap Rate: 7.62
Down Payment: 688000
Equity: 688000
Down Payment %: 100
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
Pool: 1
Barbecue: 1
Heating
Electric: 1
2 or More Units: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Individual: 1
2 or More Units: 1
Exterior Amenities
Green Landscaping: 1
Fenced: 1
Curb(s) & Gutter(s): 1
Cable TV Available: 1
Sidewalk(s): 1
Separate Storage: 1
Security Light(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Vertical Blinds: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Free-Standing Range: 1
Road Access Type
Dedicated Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Individual Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Free: 1
On Street: 1
Paved: 1
Add'l Parking Avail: 1
Assigned: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Electric: 1
Trash Collection: 1
Landscaping: 1
Pool Maintenance: 1
New Financing
Cash to Loan: 1
Conventional: 1
No Carry: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
ALTA Survey Availbl: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Phase I Available: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 13
Avg Rent: 650
Avg SqFt: 850
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Remarks Misc
Cross Street: McCintock/University
Directions: Going South on McClintock take the second left past University onto Hayden Lane to community
Geo Lat: 33.418691
Geo Lon: -111.903888
Status Change Info
Off Market Date: 2012-06-11
Under Contract Date: 2012-06-11
Close of Escrow Date: 2012-06-27
Sold Price: $695,000
Legal Info
Lot Number: 7
Income Expenses
Gross Annual Sch Inc: 101400
Net Operating Income: 52457.92
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: Pool; Barbecue
Exterior Amenities: Green Landscaping; Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Separate Storage; Security Light(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal
Heating: 2 or More Units
Cooling: Ceiling Fan(s); Electric; Individual; 2 or More Units
Water Source: City Franchise; Individual Meter
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport; On Street; Add'l Parking Avail; Assigned; Free; Paved
Road Access Type: Dedicated Street
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays: Water; Sewer; Electricity; Cable TV
Source of Fincl Data: Projected Proforma
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
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: Cash to Loan; Conventional; No Carry
Environmental: Phase I Available
Listing Office:
Cardon Commercial
Last Updated: August - 23 - 2012
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