2205 S MILL Avenue, Tempe, AZ 85282 (MLS# 6910328)

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

Overview

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.

Listing Details MLS# 6910328

Location, Tax & Legal

House Number: 2205
Compass: S
Street Name: MILL
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 2134
Country: US
County Code: Maricopa
Subdivision: TEMPE ESTATES
Assessor Number: 133-23-062
Tax Year: 2024
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

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 10,064 SqFt
Year Built: 1959
Uncvrd Parking Spcs: 2
Total # of Units: 8
# of Buildings: Yes
Zoning: M-H
High School District: Tempe Union High School District

Remarks Misc

Cross Street: Mill Avenue & Broadway Road

Status Change Info

Off Market Date: 2025-09-04
Under Contract Date: 2025-08-20
Close of Escrow Date: 2025-09-30

Legal Info

Township: 1N
Range: 4E
Section: 27
Lot Number: 33

More Information

Showing Notification Methods

Showing Service: No Showing Service Used

1 Bedroom Units

# 1 Bedroom Units: 6
Avg SqFt: 650
# Baths: Yes
Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: Yes
Avg SqFt: 900
# Baths: Yes
Avg Rent: 0

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg SqFt: 975
Avg Rent: 0

Sold Info

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

Project Type

5 - 12 Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Built-Up: Yes

Floors

Vinyl: Yes
Carpet: Yes
Other: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

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

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Heat Pump: Yes
Electric: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes
Heat Pump: Yes

Exterior Amenities

Landscape Water System: Yes
Separate Storage: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Refrigerator: Yes
Built-In Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Other (See Remarks): Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Conventional: Yes

Special

Owner/Agent: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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