515 W PEBBLE BEACH Drive, Tempe, AZ 85282

$640,000

Property Type: Multiple Dwellings Bedrooms: 8 Baths: 4 Status: Closed

Current Price: $640,000 Last Modified: 4/08/2022

Overview

Description

Amazing fully remodeled triplex in the heart of Tempe! This property has one 4 bedroom 2 bath two car garage. The other two units are both two bedroom one bath units with covered parking. A super rare bonus of this property tenants pay for water sewer and trash and electric! This property is an exceptional residential neighborhood with a beautiful park at the end of the street. This property has been completely renovated! Brand new kitchens, floors, bathrooms, paint, plumbing, lighting, and new windows. There are two year leases in place for a tenant that is doing an Air B &B and is grossing 4,988. This building is preforming at 6% cap on actual numbers.

Listing Details MLS# 6092861

Location, Tax & Legal

Map Code/Grid: R36
House Number: 515
Compass: W
Street Name: PEBBLE BEACH
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 4826
Country: US
County Code: Maricopa
Subdivision: 4619217
Assessor Number: 123-45-139
Tax Year: 2019

Contract Info

Ownership: Leasehold

General Property Description

Lot Size Dimensions: 96 x 100
Year Built: 1972
Uncvrd Parking Spcs: 3
Total # of Units: 3
# of Buildings: Yes
Zoning: R3
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District

Remarks Misc

Cross Street: Southern & Priest
Directions: Southern to Roosevelt, south on Roosevelt to Pebble Beach, left on Pebble Beach

Status Change Info

Off Market Date: 2020-10-31
Under Contract Date: 2020-10-02
Close of Escrow Date: 2020-10-30

Legal Info

Township: 1N
Range: 4E
Section: 33
Lot Number: 6

More Information

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1400
Avg SqFt: 775
# Baths: Yes

4 Bedrooms Units

# 4 Bedroom Units: Yes
Avg Rent: 2100
Avg SqFt: 1332
# Baths: 2

Structure

Bedrooms Total: 8
Bathrooms Total: 4

Income Expenses

Gross Annual Sch Inc: 59856
Net Operating Income: 41176

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $

Property Features

Project Type: Tri-Plex Construction: Block Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Concrete; Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Landscape Water System; Desert Landscaping; Patio/Balcony Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal Heating: Heat Pump Cooling: Electric; Heat Pump Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected Electric: SRP Gas: None Parking Features: Garage; Carport; >1 Space Per Unit; Garage Door Opener Road Surface Type: Asphalt Owner Pays: Other; See Remarks Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: Other (See Rmks) 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 Environmental: None

Listing Office: The Beshk Group, Inc.

Office Phone: 602-309-8888

Last Updated: April - 08 - 2022