522 W 9TH Street, Tempe, AZ 85281
$1,000,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,000,000
Last Modified:
6/19/2024
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.
More Information MLS# 6662229
Contract Info
Ownership: Fee Simple
Current Price: $1,000,000
Sold Price: $1,000,000
Status: Closed
List Date: 2024-02-08
Location, Tax & Legal
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
House Number: 522
Compass: W
Street Name: 9TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5510
County Code: Maricopa
Subdivision: MITCHELL SUB
Assessor Number: 124-69-124
Tax Year: 2023
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 125' x 67'
Flood Zone: No
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: R-2
Legal Info
Range: 4E
Section: 21
Township: 1N
Block: 2
Lot Number: 6
Project Type
Other (See Remarks): 1
Other Type
House + Rental Units: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Brick Veneer: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
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
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
Other: 1
Heating
Heat Pump: 1
Electric: 1
Natural Gas: 1
Individual: 1
ENERGY STAR Qualified Equipment: 1
2 or More Units: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Heat Pump: 1
Individual: 1
2 or More Units: 1
Exterior Amenities
Green Landscaping: 1
Fenced: 1
Curb(s) & Gutter(s): 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Security Light(s): 1
Interior Features
Fire/Smoke Alarm(s): 1
Security Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Landscaping: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Access Type
Alley: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Garage: 1
Carport: 1
Free: 1
On Street: 1
>1 Space Per Unit: 1
Attached: 1
Paved: 1
Add'l Parking Avail: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Water: 1
Sewer: 1
Gas: 1
Trash Collection: 1
Cable TV: 1
New Financing
VA: 1
Conventional: 1
No Carry: 1
1031 Exchange: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
Other (See Remarks): 1
Contact Info
List Agent Home Phn: 602-647-9328
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 2350
Avg SqFt: 858
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 3275
Avg SqFt: 1167
# Baths: 2
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: 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
Geo Lat: 33.420869
Geo Lon: -111.947049
Status Change Info
Off Market Date: 2024-06-19
Under Contract Date: 2024-05-03
Close of Escrow Date: 2024-06-18
Sold Price: $1,000,000
Income Expenses
Gross Annual Sch Inc: 66036
Net Operating Income: 56128
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
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.