522 W 9TH Street, Tempe, AZ 85281

$1,000,000
Property Type: Multiple Dwellings Bedrooms: 5 Baths: 4 Status: Closed
Current Price: $1,000,000 Last Modified: 6/19/2024

Overview

Description

Two amazing homes on one parcel. with two addresses! One complete remodel and the other a new build. Great rental income with easy or almost no maintenance. Also easy to live in one and rent the other! Perfect location near ASU, freeways, restaurants, Owners had great income with yearly lease, but could net more as a short term rental. Main home (522 W 9th St) is 3 bed/2bath 1167 sf was completely remodeled with permits. Second home on same parcel was built in 2021 with permits and is a 2Bed/2bath with option to make it a 3 bed/3 bath. Nothing was left out.... even electric car chargers at both homes! See document page for all the upgrades and remodeling. No expense was spared to make this a one of a kind property! PLEASE DO NOT DISTURB TENANTS.

Listing Details MLS# 6662229

Location, Tax & Legal

House Number
522
Compass
W
Street Name
9TH
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
5510
Country
US
County Code
Maricopa
Subdivision
MITCHELL SUB
Assessor Number
124-69-124
Tax Year
2023

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
125' x 67'
Year Built
1950
Uncvrd Parking Spcs
5
Total # of Units
2
# of Buildings
2
Zoning
R-2
Flood Zone
No
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
University Dr & Mill Ave
Directions
Head west to Roosevelt St. South to property on corner of Roosevelt and 9th Street. TWO DETACHED HOMES WITH 2 SEPARATE ADDRESSES ON 1 PARCEL. 522 W 9th St *AND* 825 S Roosevelt

Status Change Info

Off Market Date
2024-06-19
Under Contract Date
2024-05-03
Close of Escrow Date
2024-06-18

Legal Info

Township
1N
Range
4E
Section
21
Block
2
Lot Number
6

More Information

2 Bedroom Units

# 2 Bedroom Units
Yes
Avg Rent
2350
Avg SqFt
858
# Baths
2

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
3275
Avg SqFt
1167
# Baths
2

Structure

Bedrooms Total
5
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
66036
Net Operating Income
56128

Showing Notification Methods

Showing Service
No Showing Service Used

Contact Info

List Agent Home Phn
602-647-9328

Sold Info

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

Property Features

Project Type: Other (See Remarks) Other Type: House + Rental Units Construction: Block; Wood Frame Const - Finish: Painted; Stucco; Brick Veneer Roofing: Composition Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building Community Features: Other Exterior Amenities: Green Landscaping; Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Patio/Balcony; Security Light(s) Interior Features: Fire/Smoke Alarm(s); Security Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup Heating: Natural Gas; Individual; Heat Pump; 2 or More Units; ENERGY STAR Qualified Equipment Cooling: Ceiling Fan(s); Electric; Heat Pump; Individual; Central Air; 2 or More Units Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: SW Gas; Individual Meter Parking Features: Garage; Carport; On Street; >1 Space Per Unit; Attached; Add'l Parking Avail; Free; Paved Road Access Type: Alley Road Surface Type: Asphalt Owner Pays: Water; Gas; Trash Collection; Cable TV 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: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable New Financing: VA; Conventional; No Carry; 1031 Exchange Environmental: Other (See Remarks)
IDX
Listing Office: West USA Realty
Office Phone: 602-942-4200
Office Email: Duane@westusarealty.com
Last Updated: June - 19 - 2024
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