2205 S MILL Avenue, Tempe, AZ 85282
$1,250,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,250,000
Last Modified:
9/30/2025
Description
2205-2211 S Mill Ave consists of an 8-unit apartment community and a 2,203 square foot building located in Tempe, AZ. The properties were originally constructed in 1959 (apartments) and 1974 (office) and sit on two separate lots measuring 10,064 each (20,128 sq. ft. total). They were previously master leased by a local non-profit organization at $17k/month on a NNN structure but are now currently vacant. Since the properties are separately parceled, they can be sold together as a portfolio or separately. 2205-2211 S Mill Ave presents an intriguing value-add opportunity, where new ownership can acquire either one or two well-located assets with significant upside through a similar master lease program or market rate tenants.
More Information MLS# 6910328
Contract Info
Ownership: Fee Simple
Current Price: $1,250,000
Sold Price: $1,250,000
Status: Closed
List Date: 2025-08-15
Location, Tax & Legal
Assessor's Map #: 23
Legal Description (Abbrev): LOT 33 TEMPE ESTATES MCR 007023
Assessor's Parcel #: 62
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319600
Taxes: 5059
Legal: LOT 33 TEMPE ESTATES MCR 007023
Marketing Name: Tempe Estates
House Number: 2205
Compass: S
Street Name: MILL
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 2134
County Code: Maricopa
Subdivision: TEMPE ESTATES
Assessor Number: 133-23-062
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 10,064 SqFt
Total # of Units: 8
High School District: Tempe Union High School District
Year Built: 1959
Zoning: M-H
Legal Info
Range: 4E
Section: 27
Township: 1N
Lot Number: 33
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Built-Up: 1
Floors
Vinyl: 1
Carpet: 1
Other: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 5059
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Down Payment: 0
Equity: 1300000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Heat Pump: 1
Exterior Amenities
Landscape Water System: 1
Separate Storage: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Other (See Remarks): 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 0
Avg SqFt: 650
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 0
Avg SqFt: 900
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 0
Avg SqFt: 975
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Other
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Mill Avenue & Broadway Road
Geo Lat: 33.405016
Geo Lon: -111.939435
Status Change Info
Off Market Date: 2025-09-04
Under Contract Date: 2025-08-20
Close of Escrow Date: 2025-09-30
Sold Price: $1,250,000
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Built-Up
Floors: Vinyl; Carpet; Other
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Landscape Water System; Separate Storage
Appliances Included: Built-In Range; Refrigerator
Heating: Heat Pump
Cooling: Ceiling Fan(s); Electric; Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Other (See Remarks)
Special: Owner/Agent
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: None
Listing Office:
Matthews Real Estate Investment Services
Last Updated: September - 30 - 2025
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