2309 S College Avenue, Tempe, AZ 85282
$3,110,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$3,110,000
List Date:
1/09/2019
Last Modified:
1/21/2025
Overview
Description
Listing Details MLS# 5864913
Location, Tax & Legal
- Map Code/Grid
- R37
- House Number
- 2309
- Compass
- S
- Street Name
- College
- St Suffix
- Avenue
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85282
- Zip4
- 2356
- Country
- US
- County Code
- Maricopa
- Subdivision
- BROADMOR MANOR 4
- Assessor Number
- 133-26-018
- Tax Year
- 2018
- Assessor's Map #
- 26
- Legal Description (Abbrev)
- LOT 17 BROADMOR MANOR 4 MCR 008444
- Assessor's Parcel #
- 18
- Add'l Parcels
- Yes
- Tax Municipality
- Maricopa - COUNTY
- Census Tract
- 319600
- Taxes
- 5622
- Legal
- LOT 17 BROADMOR MANOR 4 MCR 008444 LOT 18 BROADMOR MANOR 4 MCR 008444
- Marketing Name
- Tempe Cottages 18 Units
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 230.88 x 123.20
- Year Built
- 1963
- Uncvrd Parking Spcs
- 10
- Total # of Units
- 18
- # of Buildings
- 3
- Zoning
- Multi Family
- Elementary School District
- Tempe Elementary School District
- High School District
- Tempe Union High School District
- Elementary School
- Broadmor Elementary School
- Jr. High School
- Geneva Epps Mosley Middle School
- High School
- Tempe High School
Remarks Misc
- Cross Street
- Broadway & Mill
- Directions
- Mill and Broadway, East on Broadway to College Avenue, South to property
Status Change Info
- Off Market Date
- 2019-03-18
- Under Contract Date
- 2019-01-15
- Close of Escrow Date
- 2019-03-15
Legal Info
- Township
- 1N
- Range
- 4E
- Section
- 27
- Lot Number
- 17
More Information
Income Expenses
- Gross Annual Sch Inc
- 231024
- Net Operating Income
- 193105
1 Bedroom Units
- # 1 Bedroom Units
- 18
- Avg Rent
- 1070
- Avg SqFt
- 613
- # Baths
- Yes
Sold Info
- Loan Type
- Conventional
- Loan Years
- 30
- Payment Type
- Fixed
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 13 - 24 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Concrete
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 580
- Annual Gas Exp
- 0
- Annual Ins Exp
- 3200
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 2400
- Annual Legal & Acctg
- 2000
- Annual Maint Exp
- 4500
- Annual Mgmt Exp
- 11341
- Annual Trash Exp
- 1000
- Annual Wtr/Swr Exp
- 3070
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 33713
- Other Income
- 2400
- Vacancy Allowance
- 0.03
- Adjusted Gross Inc
- 226421.28
- Total Monthly Rental Income
- 19260
Pmt & Rate Info
- Cap Rate
- 6.13
- Down Payment
- 0
- Equity
- 3150000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- No Pool
- Yes
- Barbecue
- Yes
Heating
- Heat Pump
- Yes
- Individual
- Yes
Cooling
- Heat Pump
- Yes
Exterior Amenities
- Green Landscaping
- Yes
- Desert Landscaping
- Yes
Interior Features
- Unfurnished
- Yes
- Fire/Smoke Alarm(s)
- Yes
Tenant Pays
- Water
- Yes
- Sewer
- Yes
- Electricity
- Yes
- Trash Collection
- Yes
- Cable TV
- Yes
Appliances Included
- Dishwasher
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- Add'l Parking Avail
- Yes
Electric
- SRP
- Yes
Gas
- None
- Yes
Owner Pays
- Landscaping
- Yes
New Financing
- Conventional
- Yes
- No Carry
- 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
- Seller Prop Disc Stm
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
2 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
13 - 24 Units
Construction:
Block
Const - Finish:
Painted
Roofing:
Composition
Floors:
Concrete
Sale Includes:
Land & Building
Community Features:
No Pool; Barbecue
Exterior Amenities:
Green Landscaping; Desert Landscaping
Interior Features:
Unfurnished; Fire/Smoke Alarm(s)
Appliances Included:
Free-Standing Range; Refrigerator; Dishwasher; Washer/Dryer
Heating:
Individual; Heat Pump
Cooling:
Heat Pump
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP
Gas:
None
Parking Features:
Carport; Add'l Parking Avail
Road Surface Type:
Asphalt
Owner Pays:
Landscaping
Tenant Pays:
Water; Sewer; Electricity; Trash Collection; Cable TV
Source of Fincl Data:
Owner
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; No Carry
Environmental:
None
Listing Office:
Keller Williams Arizona Realty
Last Updated: January - 21 - 2025
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