1973 E 10TH Street, Tempe, AZ 85281
$829,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$829,000
List Date:
9/04/2024
Last Modified:
12/28/2024
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.
More Information MLS# 6752006
Contract Info
Ownership: Fee Simple
Current Price: $829,000
Sold Price: $829,000
Status: Closed
List Date: 2024-09-03
Location, Tax & Legal
Assessor's Map #: 64
Legal Description (Abbrev): TH PT NE4 NW4 SEC 24 DAF BEG PT OF INTERSEC S LI 10TH ST & E LI NE4 NW4 SD PT 236.14F N FR SE COR NE
Assessor's Parcel #: 10
Assessor Parcel Ltr: D
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319201
Taxes: 1849
Legal: TH PT NE4 NW4 SEC 24 DAF BEG PT OF INTERSEC S LI 10TH ST & E LI NE4 NW4 SD PT 236.14F N FR SE
Marketing Name: Tempe Fourplex
House Number: 1973
Compass: E
Street Name: 10TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 4437
County Code: Maricopa
Subdivision: O C WATSON TRACT
Assessor Number: 132-64-010-D
Tax Year: 2023
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: .27 / 11,761
Flood Zone: No
Total # of Units: 4
High School District: Tempe Union High School District
High School: McClintock High School
Year Built: 1963
Zoning: M-H / R-3
Legal Info
Range: 4E
Section: 24
Township: 1N
Lot Number: N/A
Project Type
Four Plex: 1
Construction
Block: 1
Brick: 1
Const - Finish
Brick Veneer: 1
Roofing
Other: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1500
Annual Land Lse Exp: 0
Annual Landscape Exp: 1440
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 3000
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 7789
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 46170
Total Monthly Rental Income: 48600
Pmt & Rate Info
Cap Rate: 4.16
Down Payment: 0
Equity: 850000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Phone Call: 1
Lockbox Type
See Private Remarks: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Electric: 1
2 or More Units: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Partially Fenced: 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Paved: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Special
Estate Sale: 1
Court Approval Required: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 818-687-0196
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1000
Avg SqFt: 644
# 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 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.
Geo Lat: 33.418954
Geo Lon: -111.900743
Status Change Info
Off Market Date: 2024-12-17
Under Contract Date: 2024-12-08
Close of Escrow Date: 2024-12-27
Sold Price: $829,000
Income Expenses
Gross Annual Sch Inc: 48600
Net Operating Income: 35363
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
Listing Office:
Compass
Last Updated: December - 28 - 2024
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