405 S PRIEST Drive N, Tempe, AZ 85281
$820,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$820,000
Last Modified:
6/28/2025
Overview
Description
Listing Details MLS# 6740368
Location, Tax & Legal
- House Number
- 405
- Compass
- S
- Street Name
- PRIEST
- St Suffix
- Drive
- St Dir Sfx
- N
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85281
- Country
- US
- County Code
- Maricopa
- Subdivision
- JO-ELLEN HOMES
- Assessor Number
- 124-28-031-C
- Tax Year
- 2023
- Assessor's Map #
- 28
- Legal Description (Abbrev)
- JO-ELLEN HOMES MCR89/04 N2 LOT 8 TOG WI N2 TH PT ABAND PRIEST AVE LY ADJ ON W DAF BEG SW COR LOT 8 T
- Assessor's Parcel #
- 31
- Assessor Parcel Ltr
- C
- Add'l Parcels
- No
- Tax Municipality
- Tempe
- Census Tract
- 318800
- Taxes
- 1929
- Legal
- JO-ELLEN HOMES MCR89/04 N2 LOT 8 TOG WI N2 TH PT ABAND PRIEST AVE LY ADJ ON W DAF BEG SW COR LOT 8 T
- Marketing Name
- 405 S Priest Dr North
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 6580 sqft
- Year Built
- 1961
- Uncvrd Parking Spcs
- 6
- Total # of Units
- 4
- # of Buildings
- Yes
- Zoning
- R-4
- High School District
- Tempe Union High School District
Remarks Misc
- Cross Street
- S Priest Dr & W 4th St
Status Change Info
- Off Market Date
- 2025-06-28
- Under Contract Date
- 2025-05-16
- Close of Escrow Date
- 2025-06-27
Legal Info
- Lot Number
- 8
More Information
Income Expenses
- Gross Annual Sch Inc
- 71424
- Net Operating Income
- 51835
Showing Notification Methods
- Showing Service
- Non-MLS Showing Service - See Private Remarks
- Text
- Yes
- Yes
- Phone Call
- Yes
1 Bedroom Units
- # 1 Bedroom Units
- 4
- Avg Rent
- 1488
- Avg SqFt
- 665
- # Baths
- Yes
Sold Info
- Loan Type
- Conventional
- Payment Type
- Other
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- %
- Seller Concession $/%
- %
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- Four Plex
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
Sale Includes
- Land & Building
- Yes
- Laundry Equipment
- Yes
Income & Expenses
- Annual Ins Exp
- 2400
- Annual Landscape Exp
- 1000
- Annual Maint Exp
- 1200
- Annual Mgmt Exp
- 5203
- Annual Wtr/Swr Exp
- 3200
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual Rplcmnt Rsrvs
- 800
- Annual Other Expense
- 1000
- Operating Exp
- 16732
- Other Income
- 0
- Vacancy Allowance
- 0.04
- Adjusted Gross Inc
- 68567.04
Pmt & Rate Info
- Cap Rate
- 6.11
- Equity
- 849000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- Combo
- Yes
Community Features
- Other
- Yes
Heating
- Electric
- Yes
Cooling
- Electric
- Yes
- Individual
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
- Partially Fenced
- Yes
- Separate Storage
- Yes
Interior Features
- Other (See Remarks)
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Disposal
- Yes
- Refrigerator
- Yes
- Built-In Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Other
- Yes
Electric
- Individual Meter
- Yes
Gas
- Other (See Remarks)
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Cash
- Yes
- VA
- Yes
- Conventional
- Yes
- FHA
- Yes
- 1031 Exchange
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- 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:
Four Plex
Construction:
Block
Const - Finish:
Painted
Roofing:
Composition
Floors:
Vinyl
Sale Includes:
Land & Building; Laundry Equipment
Community Features:
Other
Exterior Amenities:
Desert Landscaping; Partially Fenced; Separate Storage
Interior Features:
Other (See Remarks)
Appliances Included:
Built-In Range; Refrigerator; Disposal
Cooling:
Electric; Individual
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
Individual Meter
Gas:
Other (See Remarks)
Parking Features:
Other
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; Landscaping
Tenant Pays:
Electricity
Source of Fincl Data:
Owner; Projected Proforma
Showing Notification Methods:
Text; Email; Phone Call
Lockbox Type:
Combo
New Financing:
Cash; VA; FHA; Conventional; 1031 Exchange
Environmental:
None
Listing Office:
ABI Multifamily
Last Updated: June - 28 - 2025
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