2011 S FOREST Avenue, Tempe, AZ 85282 (MLS# 6321399)

2011 S FOREST Avenue, Tempe, AZ 85282

$955,000

Property Type: Multiple Dwellings Bedrooms: 6 Baths: 6 Status: Closed

Current Price: $955,000 Last Modified: 3/30/2025

Overview

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!

Listing Details MLS# 6321399

Location, Tax & Legal

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
Country: US
County Code: Maricopa
Subdivision: BROADMOOR ANNEX
Assessor Number: 133-23-001-B
Tax Year: 2021

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 233.57'-85.92'-243'-93'
Year Built: 1958
Uncvrd Parking Spcs: 3
Total # of Units: 3
# of Buildings: 2
Zoning: [M-H] [R-3]
Flood Zone: No
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

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.

Status Change Info

Off Market Date: 2022-02-16
Under Contract Date: 2022-01-05
Close of Escrow Date: 2022-02-10

Legal Info

Township: 1N
Range: 4E
Section: 27
Lot Number: Yes

More Information

2 Bedroom Units

# 2 Bedroom Units: 3
Avg Rent: 1200
Avg SqFt: 840
# Baths: 2

Structure

Bedrooms Total: 6
Bathrooms Total: 6

Income Expenses

Gross Annual Sch Inc: 38940
Net Operating Income: 36000

Sold Info

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

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.

Office Phone: 480-988-1020

Office Email: paul@arizonahaciendas.com

Last Updated: March - 30 - 2025