1973 E DON CARLOS Avenue, Tempe, AZ 85281

$680,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $680,000 List Date: 2/14/2024 Last Modified: 8/07/2025

Overview

Description

Instant cashflow with this conveniently located triplex! The 2 front units are 1 Bed/1 Baths that are currently leased. The back unit is a vacant 2 Bed / 2 Bath that is perfect for an owner occupant or lease it out for additional income.

Listing Details MLS# 6662977

Location, Tax & Legal

House Number
1973
Compass
E
Street Name
DON CARLOS
St Suffix
Avenue
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
8516
Country
US
County Code
Maricopa
Subdivision
RANCHO EL DORADO 1-26, 36-44
Assessor Number
132-67-049
Tax Year
2023
Assessor's Map #
67
Legal Description (Abbrev)
RANCHO EL DORADO LOT 53 W 70.24' OF N 167'
Assessor's Parcel #
49
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
319201
Taxes
1793
Legal
RANCHO EL DORADO LOT 53 W 70.24' OF N 167'
Marketing Name
Tempe Triplex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
11730
Year Built
1945
Uncvrd Parking Spcs
3
Total # of Units
3
# of Buildings
Yes
Zoning
Multifamily
Flood Zone
No
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District
Elementary School
Flora Thew Elementary School
Jr. High School
Connolly Middle School
High School
McClintock High School

Remarks Misc

Cross Street
University Dr and McClintock Dr

Status Change Info

Off Market Date
2024-04-19
Under Contract Date
2024-03-13
Close of Escrow Date
2024-05-03

Legal Info

Township
1N
Range
4E
Section
24
Lot Number
53

More Information

Income Expenses

Gross Annual Sch Inc
61200
Net Operating Income
55860

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

1 Bedroom Units

# 1 Bedroom Units
Yes
Avg Rent
1300
Avg SqFt
500
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
3800
Avg SqFt
1100
# Baths
3

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Tri-Plex
Yes

Construction

Brick
Yes

Const - Finish

Brick Veneer
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Wtr/Swr Exp
1800
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
3593
Other Income
0
Vacancy Allowance
0.06
Adjusted Gross Inc
57528

Pmt & Rate Info

Cap Rate
7.66
Equity
729500
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

Combo
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes
Central
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Electric
Yes

Exterior Amenities

Green Landscaping
Yes
Fenced
Yes
Partially Fenced
Yes
Cable TV Available
Yes
Separate Storage
Yes

Interior Features

Fire/Smoke Alarm(s)
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Disposal
Yes
Refrigerator
Yes
Built-In Range
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
<1 Space Per Unit
Yes
>1 Space Per Unit
Yes
Paved
Yes
Add'l Parking Avail
Yes
Assigned
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Tri-Plex Construction: Brick Const - Finish: Brick Veneer Roofing: Composition Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Green Landscaping; Fenced; Partially Fenced; Cable TV Available; Separate Storage Interior Features: Fire/Smoke Alarm(s) Appliances Included: Built-In Range; Refrigerator; Disposal; Washer/Dryer Heating: Central Cooling: Ceiling Fan(s); Electric; Central Air Water Source: Master Meter Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: On Street; <1 Space Per Unit; >1 Space Per Unit; Add'l Parking Avail; Assigned; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Special: Owner/Agent Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Combo Existing 1st Loan: Treat as Free&Clear New Financing: VA; FHA; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Balboa Realty, LLC
Last Updated: August - 07 - 2025
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