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
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.
More Information MLS# 6256474
Contract Info
Ownership: Fee Simple
Current Price: $675,000
Sold Price: $675,000
Status: Closed
List Date: 2021-06-25
Location, Tax & Legal
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
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
County Code: Maricopa
Subdivision: VAL VERDE PLAT 2
Assessor Number: 124-70-079
Tax Year: 2020
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 130 x 62
Total # of Units: 2
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
Year Built: 1950
Zoning: D
Legal Info
Range: 4E
Section: 21
Township: 1N
Block: 1
Lot Number: 18
Project Type
Duplex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
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: 1
Lockbox Type
None: 1
Community Features
Other: 1
See Remarks: 1
Heating
Natural Gas: 1
Cooling
Electric: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Landscaping: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Other (See Remarks): 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
1 Space/Unit: 1
Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Other: 1
See Remarks: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 2000
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Mill Ave and University Dr
Directions: West on University, South on Wilson. Property will be on the left hand side.
Geo Lat: 33.417959
Geo Lon: -111.945561
Status Change Info
Off Market Date: 2021-08-14
Under Contract Date: 2021-07-06
Close of Escrow Date: 2021-08-13
Sold Price: $675,000
Income Expenses
Gross Annual Sch Inc: 30000
Net Operating Income: 30000
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
Listing Office:
My Home Group Real Estate
Last Updated: March - 21 - 2025
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