1978 E DON CARLOS Avenue, Tempe, AZ 85281

$607,000

Property Type: Multiple Dwellings Bedrooms: 8 Baths: 4 Status: Closed

Current Price: $607,000 Last Modified: 5/01/2019

Overview

Description

Cash flowing Tempe 4 Plex fully leased income property. All 2 bed / 1 bath with in suite Washer & Dryer. INDIVIDUALLY METERED FOR WATER & ELECTRICITY. Owner does not pay any utilities. Located to new development in Tempe, near Arizona State University (ASU), Tempe Town Lake, and close to Mill Ave. Property is fully renovated with new tile floors, washer / dryer, roof, stainless steel appliances, backsplash, granite countertops, etc. Desert landscaping for low maintenance.

Listing Details MLS# 5874422

Location, Tax & Legal

Map Code/Grid: R37
House Number: 1978
Compass: E
Street Name: DON CARLOS
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Country: US
County Code: Maricopa
Subdivision: RANCHO EL DORADO 26-35, 45-53
Assessor Number: 132-67-039-C
Tax Year: 2018

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 124x70
Year Built: 1974
Uncvrd Parking Spcs: 6
Total # of Units: 4
# of Buildings: Yes
Zoning: R-4
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District

Status Change Info

Off Market Date: 2019-04-29
Under Contract Date: 2019-04-22
Close of Escrow Date: 2019-04-30

Legal Info

Township: 1N
Range: 4E
Section: 24
Lot Number: 35

More Information

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1150
Avg SqFt: 700
# Baths: Yes

Structure

Bedrooms Total: 8
Bathrooms Total: 4

Income Expenses

Gross Annual Sch Inc: 55200
Net Operating Income: 41128

Sold Info

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

Property Features

Project Type: Four Plex Construction: Brick Const - Finish: Other (See Remarks) Roofing: Other Floors: Other Sale Includes: Other (See Remarks) Community Features: No Pool Exterior Amenities: Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer Heating: Central Cooling: Central Air Water Source: Individual Meter Sewer: Other Electric: Individual Meter Gas: Individual Meter Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Landscaping Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Projected Proforma Existing 1st Loan: Other (See Rmks) 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: Other (See Remarks) Environmental: Other (See Remarks)

Listing Office: ABI Multifamily

Office Phone: 602-714-1400

Last Updated: May - 01 - 2019