2011 S FOREST Avenue, Tempe, AZ 85282
$955,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$955,000
Last Modified:
3/30/2025
Description
Amazing opportunity! 3 units in the heart of ASU/Tempe area! Large lot: over HALF AN ACRE! One Duplex, and one detached, stand alone house.
Each unit is approx. 830 - 847sqft, all have 2 bedrooms, 1 bathroom, nice kitchens, & great room.
Recent work has been done, newer roofs, newer AC units, water heaters, the Duplex was fully painted interior and exterior.
Landscape has been converted to awesome desert low maintenance, each unit has a large privately fenced back yard! Private car ports for each unit, and enough parking for at least 1 other vehicle at each unit without parking in street. Amazing turn key investment property! OR, eventually build a larger building with more units! The location could not be better!
More Information MLS# 6321399
Contract Info
Ownership: Fee Simple
Current Price: $955,000
Sold Price: $955,000
Status: Closed
List Date: 2021-11-15
Location, Tax & Legal
Assessor's Map #: 23
Legal Description (Abbrev): LOT 1 BROADMOOR ANNEX MCR 006445
Assessor's Parcel #: 1
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319600
Taxes: 1948
Legal: LOT 1 BROADMOOR ANNEX MCR 006445
Marketing Name: 2011,2013,2019 Forest
Map Code/Grid: R37
House Number: 2011
Compass: S
Street Name: FOREST
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 1312
County Code: Maricopa
Subdivision: BROADMOOR ANNEX
Assessor Number: 133-23-001-B
Tax Year: 2021
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 3
Lot Size Dimensions: 233.57'-85.92'-243'-93'
Flood Zone: No
Total # of Units: 3
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Broadmor Elementary School
Jr. High School: Tempe Academy Of International Studies McKemy Campus
High School: Tempe High School
Year Built: 1958
Zoning: [M-H] [R-3]
Legal Info
Range: 4E
Section: 27
Township: 1N
Lot Number: 1
Project Type
Duplex: 1
Other Type
House + Rental Units: 1
Construction
Block: 1
Brick: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1948
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 36993
Pmt & Rate Info
Cap Rate: 3.6
Equity: 1000000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Phone Call: 1
Lockbox Type
None: 1
Community Features
Pool: 1
Heating
Electric: 1
Natural Gas: 1
Cooling
Central Air: 1
Exterior Amenities
Fenced: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Road Access Type
Alley: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Source of Fincl Data
Other (See Remarks): 1
Water Source
City Franchise: 1
Individual Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
1 Space/Unit: 1
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1200
Avg SqFt: 840
# Baths: 2
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: BROADWAY AND MILL AVE
Directions: Traveling east on Broadway from Mill ave, turn south onto Forest ave. Property is on the left (east side) sign on property.
Geo Lat: 33.406988
Geo Lon: -111.935733
Status Change Info
Off Market Date: 2022-02-16
Under Contract Date: 2022-01-05
Close of Escrow Date: 2022-02-10
Sold Price: $955,000
Income Expenses
Gross Annual Sch Inc: 38940
Net Operating Income: 36000
Property Features
Project Type: Duplex
Other Type: House + Rental Units
Construction: Block; Brick
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: Pool
Exterior Amenities: Fenced
Appliances Included: Built-In Range; Refrigerator
Heating: Natural Gas
Cooling: Central Air
Water Source: City Franchise; Individual Meter
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Carport; 1 Space/Unit; >1 Space Per Unit
Road Access Type: Alley
Road Surface Type: Asphalt; Concrete
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Other (See Remarks)
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional; 1031 Exchange
Environmental: None
Listing Office:
Arizona Haciendas Real Estate Co.
Last Updated: March - 30 - 2025
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