522 W 9TH Street, Tempe, AZ 85281 (MLS# 6662229)

522 W 9TH Street, Tempe, AZ 85281

$1,000,000

1 of 2 houses on property. Main house 3bed/2bath with 1167 sf.

2 of 2 houses on property. Built in 2021 with 2bed/2bath and 858 sf. Has option for 352 more sf 3rd bed and 3rd bath

Fully remodeled kitchen in 522 W 9th St main house.

Inside walk in laundry room in main house.

825 S Roosevelt property 1 of 2 bathroom

825 S Roosevelt property 2 of 2 bathroom

Full size washer and dryer in 2nd house.

Property Type: Multiple Dwellings 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
Assessor's Map #: 69
Legal Description (Abbrev): LOT 6 BLOCK 2 MITCHELL SUB MCR 003513
Assessor's Parcel #: 124
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 318900
Taxes: 2978
Legal: LOT 6 BLOCK 2 MITCHELL SUB MCR 003513
Marketing Name: Mitchell Sub

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

Income Expenses

Gross Annual Sch Inc: 66036
Net Operating Income: 56128

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Email: Yes
Phone Call: Yes

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

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 $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

Other (See Remarks): Yes

Other Type

House + Rental Units: Yes

Construction

Block: Yes
Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes
Brick Veneer: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Gas Exp: 156
Annual Ins Exp: 1059
Annual Landscape Exp: 1600
Annual Wtr/Swr Exp: 1720
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 7513
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 66036

Pmt & Rate Info

Cap Rate: 4.88
Equity: 1150000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

Other: Yes

Heating

Heat Pump: Yes
Electric: Yes
Natural Gas: Yes
Individual: Yes
ENERGY STAR Qualified Equipment: Yes
2 or More Units: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes
Heat Pump: Yes
Individual: Yes
2 or More Units: Yes

Exterior Amenities

Green Landscaping: Yes
Fenced: Yes
Curb(s) & Gutter(s): Yes
Cable TV Available: Yes
Sidewalk(s): Yes
Patio/Balcony: Yes
Security Light(s): Yes

Interior Features

Fire/Smoke Alarm(s): Yes
Security Alarm(s): Yes
Mini Blinds: Yes

Tenant Pays

Water: Yes
Sewer: Yes
Electricity: Yes
Trash Collection: Yes
Landscaping: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes
W/D Hookup: Yes

Road Access Type

Alley: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

Garage: Yes
Carport: Yes
Free: Yes
On Street: Yes
>1 Space Per Unit: Yes
Attached: Yes
Paved: Yes
Add'l Parking Avail: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

SW Gas: Yes
Individual Meter: Yes

Owner Pays

Water: Yes
Sewer: Yes
Gas: Yes
Trash Collection: Yes
Cable TV: Yes

New Financing

VA: Yes
Conventional: Yes
No Carry: Yes
1031 Exchange: Yes

Existing 1st Loan

Conventional: Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Non Assumable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

Other (See Remarks): Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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)

Documents

Additional Information ›

Listing Office: West USA Realty

Last Updated: June - 19 - 2024