2423 E APACHE Boulevard, Tempe, AZ 85288
$1,470,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,470,000
List Date:
4/11/2022
Last Modified:
4/09/2025
Description
Huge Tempe 4 plex (some work needed)+ Retail Space currently being used as a flower shop on an acre lot. Large lot allows room for multi family development or leave property as is & use extra land for community garden etc. This is an amazing Live-Work opportunity with light rail station adjacent to the property.
The 4 units consist of:
2bed 1 bathroom 850 SF
2bed 1 bathroom 1,000 SF
2bed 2bathroom 1400 SF
3 Bedroom 1 bathroom 1500
Retail space consists of 1500 SF plus a 300 SF basement +shed space 1200 SF.
Retail space has many possibilities: coffee shop, breakfast shop, art studio, office space, Farmers market, etc.
Flood irrigation, covered parking, Close to the canal for running and biking.
Easy access to the 101, Close to ASU, Tempe Market Place. Come and see.
More Information MLS# 6381168
Contract Info
Ownership: Fee Simple
Current Price: $1,470,000
Sold Price: $1,470,000
Status: Closed
List Date: 2022-04-08
Location, Tax & Legal
Assessor's Map #: 35
Legal Description (Abbrev): TH POR SW4 SEC 19 DAF COM AT NW COR SW4 SD SEC 19 TH E 1598F TH S 50F TO POB TH CONT S 163.76F TH E
Assessor's Parcel #: 34
Assessor Parcel Ltr: C
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319300
Taxes: 7921
Legal: TH POR SW4 SEC 19 DAF COM AT NW COR SW4 SD SEC 19 TH E 1598F TH S 50F TO POB TH CONT S 163.76F TH E
Marketing Name: Live/Work Op+4plex+retail
Map Code/Grid: R38
House Number: 2423
Compass: E
Street Name: APACHE
St Suffix: Boulevard
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85288
County Code: Maricopa
Assessor Number: 134-35-034-C
Tax Year: 2021
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 8
Lot Size Dimensions: IRR
Total # of Units: 4
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Year Built: 1950
Zoning: C-G, MH
Legal Info
Range: 5E
Section: 19
Township: 1N
Lot Number: --
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Built-Up: 1
Rolled: 1
Floors
Other: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 7921
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Cap Rate: 0.41
Equity: 1450000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Central: 1
Cooling
Central Air: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Landscaping: 1
Appliances Included
Other: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Free: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
None: 1
New Financing
Cash to Loan: 1
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 602-451-3684
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 0
Avg SqFt: 1000
# Baths: 3
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 0
Avg SqFt: 1500
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
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: Price Road and Apache Blvd
Directions: Price Road and Apache Blvd: East on Apache to property on south side of the road
Geo Lat: 33.414427
Geo Lon: -111.886222
Status Change Info
Off Market Date: 2022-05-05
Under Contract Date: 2022-04-27
Close of Escrow Date: 2022-06-09
Sold Price: $1,470,000
Income Expenses
Net Operating Income: 6000
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Built-Up; Rolled
Floors: Other
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Other
Heating: Central
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport; Free
Road Surface Type: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Trash Collection; Landscaping
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash to Loan; Conventional
Environmental: None
Listing Office:
LRA Real Estate Group, LLC
Last Updated: April - 09 - 2025
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