1973 E 10TH Street, Tempe, AZ 85281

$829,000
Property Type: Multiple Dwellings Bedrooms: 8 Baths: 4 Status: Closed
Current Price: $829,000 List Date: 9/04/2024 Last Modified: 12/28/2024

Overview

Description

Prime Corner Lot 4Plex! Just minutes from ASU and the Light Rail, this single-story fourplex s a fantastic find for investors /developers.Each of the 2 Bed/1 Bath, 644 SqFt units is fully tiled and includes a private yard and storage space. Located on a corner lot, the property is surrounded by significant new development, attracting long-term tenants. With the potential to increase rents in a rapidly appreciating market, this property is a smart investment. While the laundry facility is currently inactive, it could be revived to generate additional income with coin-operated machines. Whether you're looking to start or expand your real estate portfolio, this fourplex has great potential. Two units has been updated with a new kitchen, flooring, lighting, and AC.Drive By Only.

Listing Details MLS# 6752006

Location, Tax & Legal

House Number
1973
Compass
E
Street Name
10TH
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
4437
Country
US
County Code
Maricopa
Subdivision
O C WATSON TRACT
Assessor Number
132-64-010-D
Tax Year
2023

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
.27 / 11,761
Year Built
1963
Uncvrd Parking Spcs
6
Total # of Units
4
# of Buildings
Yes
Zoning
M-H / R-3
Flood Zone
No
High School District
Tempe Union High School District
High School
McClintock High School

Remarks Misc

Cross Street
S.McClintock Rd/ S. Smith Rd
Directions
From 101 North Price Fwy, Exit Apache Blvd. Head West on Apache Blvd. and Turn North on S. Smith Rd. and then West on 10th St.

Status Change Info

Off Market Date
2024-12-17
Under Contract Date
2024-12-08
Close of Escrow Date
2024-12-27

Legal Info

Township
1N
Range
4E
Section
24
Lot Number
N/A

More Information

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1000
Avg SqFt
644
# Baths
Yes

Structure

Bedrooms Total
8
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
48600
Net Operating Income
35363

Showing Notification Methods

Showing Service
Aligned Showings

Contact Info

List Agent Home Phn
818-687-0196

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession $/%
%

Property Features

Project Type: Four Plex Construction: Block; Brick Const - Finish: Brick Veneer Roofing: Other Floors: Ceramic Tile Sale Includes: Land & Building; Personal Property; Laundry Equipment Community Features: No Pool Exterior Amenities: Landscape Water System; Green Landscaping; Partially Fenced; Patio/Balcony Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator Cooling: Electric; Central Air; 2 or More Units Water Source: Master Meter Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Free; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Special: Estate Sale; Court Approval Required Showing Notification Methods: Text; Phone Call Lockbox Type: See Private Remarks Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; FHA; Conventional; No Carry Environmental: None
IDX
Listing Office: Compass
Office Phone: 480-776-1555
Office Email: lexie.fabor@compass.com
Last Updated: December - 28 - 2024
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