1951 E DON CARLOS Avenue, Tempe, AZ 85281
$545,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$545,000
Last Modified:
8/01/2025
Description
Almost a 1/4 acre of land with a fully rented 4 plex in the heart of Tempe near ASU. Just a short walk to campus. This 4 plex is located next door to brand new builds and across the street from a great park. There is plenty of parking for all the units. Each unit has been recently updated and average rents are $875 each. All units are 2 bedroom and 1 bath. There are washer and dryers in each unit. There are 2 upstairs units and 2 downstairs units with small backyards. This is a great investment in an area that is growing and very popular.
More Information MLS# 5893068
Contract Info
Ownership: Fee Simple
Current Price: $545,000
Sold Price: $545,000
Status: Closed
List Date: 2019-03-07
Location, Tax & Legal
Assessor's Map #: 67
Legal Description (Abbrev): RANCHO EL DORADO 26-35, 45-53
Assessor's Parcel #: 44
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319201
Taxes: 2101
Legal: RANCHO EL DORADO MCR 32/40 LOT 50 N 160F OF E2 EX N 5F
Marketing Name: ASU area 4 plex
Map Code/Grid: R40
House Number: 1951
Compass: E
Street Name: DON CARLOS
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 4598
County Code: Maricopa
Subdivision: Rancho El Dorado
Assessor Number: 132-67-044-A
Tax Year: 2018
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 160.77 x 70.92
Total # of Units: 4
Elementary School District: Tempe Elementary School District
Elementary School: Other
Jr. High School: Other
High School: Other
Year Built: 1984
Zoning: R4
Legal Info
Range: 4E
Section: 24
Township: 1N
Lot Number: 50
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Wood: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 360
Annual Gas Exp: 0
Annual Ins Exp: 873
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 1700
Annual Mgmt Exp: 0
Annual Trash Exp: 1380
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: 6414
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 39900
Total Monthly Rental Income: 3500
Pmt & Rate Info
Cap Rate: 6.47
Down Payment: 0
Equity: 550000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Central Air: 1
Electric: 1
Heat Pump: 1
Individual: 1
Exterior Amenities
Cable TV Available: 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Electricity: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Other (See Remarks): 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Paved: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Existing 1st Loan
FHA: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 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
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 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: 4
Avg Rent: 875
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: S McClintock Dr and E Apache Blvd
Directions: University to Smith and south to Don Carlos and right to the property
Geo Lat: 33.417222
Geo Lon: -111.902089
Status Change Info
Off Market Date: 2019-04-10
Under Contract Date: 2019-04-03
Close of Escrow Date: 2019-05-09
Sold Price: $545,000
Income Expenses
Gross Annual Sch Inc: 42000
Net Operating Income: 35586
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Wood; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Cable TV Available; Patio/Balcony
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer
Heating: Individual
Cooling: Electric; Heat Pump; Individual; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: Free; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks)
Existing 1st Loan: FHA
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: VA; FHA; Conventional; No Carry
Environmental: None
Listing Office:
AZ Brokerage Holdings, LLC
Last Updated: August - 01 - 2025
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