21 W 9th Street 1, Tempe, AZ 85281

$515,000
Property Type: Land Lot Size (sq. ft.): 5,054 Status: Closed
Current Price: $515,000 List Date: 2/17/2022 Last Modified: 3/29/2022

Overview

Description

Custom home builders and developers LOOKING TO FOR BIG PROFITS - shovel ready project. Multi-family zoned lot downtown Tempe across from ASU, 75 feet from Mill Avenue, the new trolley line & Whole Foods. Architecturally designed 3k sq. ft, two story 2,200 sf main house w/800 sf rental apt above garage with separate outside stairway entrance. Lot is located in Tempe's most desirable downtown neighborhood and one block from the new Omni Hotel/ Convention center. Rental unit will bring in at least $2k a month or live in APT and get $4,500 a month for main house. Comps in the area value new construction at more than $425 per foot so good margin for custom home builders. Lot owner secured full city approval - pull building p

Listing Details MLS# 6357133

Location, Tax & Legal

Map Code/Grid
R36
House Number
21
Compass
W
Street Name
9th
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Country
US
County Code
Maricopa
Assessor Number
132-42-035
Subdivision
GAGE ADD 23-26
Tax Year
2020
Lot #
Yes
Assessor's Map #
42
Assessor's Parcel #
35
Add'l Parcels
No
Tax Municipality
Tempe
Taxes
0

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres G/N
G
Apx SqFt
5054
Price Per SqFt
101.9
Apx SqFt G/N
G
Lot Size Dimensions
50x100
Zoning
R-3
Elementary School
Broadmor Elementary School
Jr. High School
McKemy Middle School
High School
Tempe High School
Apx Total Acres
0

Remarks Misc

Cross Street
Mill & University

Status Change Info

Off Market Date
2022-03-16
Under Contract Date
2022-03-14
Close of Escrow Date
2022-03-28

Legal Info

Lot Number
Yes

More Information

Contact Info

List Agent Home Phn
480-203-6699

Sold Info

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

Special Listing Cond

Owner/Agent
Yes

Pmt & Rate Info

Equity
515000
Total Owed
0

Assoc/Prop Info

HOA Y/N
N
PAD Fee Y/N
N
Assessed Balance
0
HOA 2 Y/N
N

Showing Notification Methods

Phone Call
Yes

Lockbox Type

None
Yes

Existing Land Use

Residential Lot
Yes

Zoned Presently

Multi-Family
Yes

Potential Use

Single Family
Yes
Multi-Family
Yes

Parcel Size

.0 - .24 Acres
Yes

Current Density

02 - 05 Units P/Acre
Yes

Development Status

Plans Available
Yes
Plans Included
Yes

Land Features

North/South Exp
Yes

Road Access Type

Alley
Yes

Road Surface Type

Asphalt
Yes

Road Responsibility

City Maintained Road
Yes

Traffic Count

Up to 5,000
Yes

Fencing

Block
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Electric

APS
Yes

Topography

Level
Yes

Gas

SW Gas
Yes

Distance to Cable

On Property
Yes

New Financing

Cash
Yes
Conventional
Yes
1031 Exchange
Yes

Distance to Phone

On Property
Yes

Distance to Water

On Property
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Distance to Electric

On Property
Yes

Distance to Gas

On Property
Yes

Distance to Sewer

On Property
Yes

Reports/Disclosures

Other (See Rmks)
Yes

Environmental

None
Yes

Property Features

Special Listing Cond: Owner/Agent Existing Land Use: Residential Lot Zoned Presently: Multi-Family Potential Use: Single Family; Multi-Family Parcel Size: .0 - .24 Acres Current Density: 02 - 05 Units P/Acre Development Status: Plans Available; Plans Included Land Features: North/South Exp Road Access Type: Alley Road Surface Type: Asphalt Road Responsibility: City Maintained Road Traffic Count: Up to 5,000 Topography: Level Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Distance to Cable: On Property Distance to Phone: On Property Distance to Water: On Property Distance to Electric: On Property Distance to Gas: On Property Distance to Sewer: On Property Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; 1031 Exchange Environmental: None Showing Notification Methods: Phone Call Lockbox Type: None Fencing: Block
IDX
Listing Office: HomeSmart
Last Updated: March - 29 - 2022
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