428 W 11TH Street, Tempe, AZ 85281

$675,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $675,000 List Date: 6/29/2021 Last Modified: 3/21/2025

Overview

Description

An excellent investment or personal living property. This is a perfect property for ASU students, within walking distance to ASU, and Mill Ave. These two separate houses are on one 7,956 Sq. Ft. lot with mature fruit trees and manicured lawns. Both homes were fully remodeled in 2018 with NEW roofs, cabinets, flooring, fixtures, quartz countertops, windows, paint, and stainless-steel appliances! The front house is two-bedroom with one bath and 1024 sf, and the back house is a two-bedroom one-bath 802 sf. Both homes have been rented by the same tenants since purchased in 2018.

Listing Details MLS# 6256474

Location, Tax & Legal

Map Code/Grid
R36
House Number
428
Compass
W
Street Name
11TH
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
5516
Country
US
County Code
Maricopa
Subdivision
VAL VERDE PLAT 2
Assessor Number
124-70-079
Tax Year
2020
Assessor's Map #
70
Legal Description (Abbrev)
LOT 18 BLOCK 1 VAL VERDE PLAT 2 MCR 003702
Assessor's Parcel #
79
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Census Tract
318900
Taxes
2199
Legal
LOT 18 BLOCK 1 VAL VERDE PLAT 2 MCR 003702
Marketing Name
Fully Remodeled

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
130 x 62
Year Built
1950
Uncvrd Parking Spcs
4
Total # of Units
2
# of Buildings
2
Zoning
D
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District
Elementary School
Holdeman Elementary School
Jr. High School
Geneva Epps Mosley Middle School
High School
Tempe High School

Remarks Misc

Cross Street
Mill Ave and University Dr
Directions
West on University, South on Wilson. Property will be on the left hand side.

Status Change Info

Off Market Date
2021-08-14
Under Contract Date
2021-07-06
Close of Escrow Date
2021-08-13

Legal Info

Township
1N
Range
4E
Section
21
Block
Yes
Lot Number
18

More Information

Income Expenses

Gross Annual Sch Inc
30000
Net Operating Income
30000

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
2000
# Baths
2

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

Duplex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
2199
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
30000

Pmt & Rate Info

Cap Rate
4.29
Down Payment
0
Equity
699000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Phone Call
Yes

Lockbox Type

None
Yes

Community Features

Other
Yes
See Remarks
Yes

Heating

Natural Gas
Yes

Cooling

Electric
Yes

Tenant Pays

Gas
Yes
Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes
Landscaping
Yes

Appliances Included

Dishwasher
Yes
Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
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
1 Space/Unit
Yes
Paved
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Other
Yes
See Remarks
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Duplex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl Sale Includes: Land & Building Community Features: Other; See Remarks Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer Heating: Natural Gas Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport; 1 Space/Unit; Paved Road Surface Type: Asphalt Owner Pays: Other; See Remarks Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Landscaping Source of Fincl Data: Other (See Remarks) Showing Notification Methods: Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 3rd Loan Terms: Not Applicable New Financing: VA; FHA; Conventional Environmental: None
IDX
Listing Office: My Home Group Real Estate
Last Updated: March - 21 - 2025
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