525 W PEBBLE BEACH Drive, Tempe, AZ 85282

$799,900
Property Type: Multiple Dwellings Status: Closed
Current Price: $799,900 Last Modified: 12/01/2024

Overview

Description

525-539 W Pebble Beach, 2 seperate tax bills but must be sold together. 525 W. Pebble Beach Dr (APN:123-45-141) & 533 W. Pebble Beach Dr (APN 123-45-142). Complex has a detached building with community laundry room & managers office/workshop. Excellent Tempe location. Eight, 2bed, 1bath units. Each unit has Vaulted ceilings. Light and bright interiors. Private patio. Assigned one carport space. Ample guest parking on the street and guest parking spaces next to the carport. Attractive curb appeal. Mature, low maintenance landscaping. Average rent is $766/mo. PROVIDED BY OWNER: Adjusted Gross Income both APNs: $73600 Cap Rate: 7%

Listing Details MLS# 5363975

Location, Tax & Legal

Map Code/Grid
R37
House Number
525
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
LAGUNA ESTATES 2
Assessor Number
123-45-141
Tax Year
2015
Assessor's Map #
45
Legal Description (Abbrev)
LAGUNA ESTATES 2
Assessor's Parcel #
141
Add'l Parcels
Yes
Tax Municipality
Tempe
Census Tract
319705
Taxes
2163
Legal
LAGUNA ESTATES 2
Marketing Name
Eight Plex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
110x90x120x76
Year Built
1973
Uncvrd Parking Spcs
8
Total # of Units
8
# of Buildings
3
Zoning
R-3R
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District
Elementary School
Carminati School
Jr. High School
Geneva Epps Mosley Middle School
High School
McClintock High School

Remarks Misc

Cross Street
Southern / Kyrene
Directions
West on Southern; South on Roosevelt.

Status Change Info

Off Market Date
2016-01-15
Under Contract Date
2015-12-15
Close of Escrow Date
2016-01-14

Legal Info

Township
1N
Range
4E
Section
33
Lot Number
8

More Information

Income Expenses

Net Operating Income
55873

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
766
Avg SqFt
900
# Baths
Yes

Contact Info

List Agent Cell Phn2
602-920-8448

Sold Info

Loan Type
Cash
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Built-Up
Yes

Floors

Vinyl
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes
Laundry Equipment
Yes

Income & Expenses

Annual Elec Exp
1043
Annual Gas Exp
0
Annual Ins Exp
567
Annual Land Lse Exp
0
Annual Landscape Exp
400
Annual Legal & Acctg
0
Annual Maint Exp
4000
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
2000
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
10173
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Pmt & Rate Info

Cap Rate
6.98
Down Payment
0
Equity
799900
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes
Manager Res/Office
Yes

Heating

Heat Pump
Yes
Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Electric
Yes
Heat Pump
Yes

Exterior Amenities

Landscape Water System
Yes
Desert Landscaping
Yes
Cable TV Available
Yes
Patio/Balcony
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Refrigerator
Yes
Built-In Range
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

Carport
Yes
1 Space/Unit
Yes
Add'l Parking Avail
Yes
Assigned
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Vinyl; Carpet Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool; Manager Res/Office Exterior Amenities: Landscape Water System; Desert Landscaping; Cable TV Available; Patio/Balcony Interior Features: Unfurnished Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal Heating: Heat Pump Cooling: Ceiling Fan(s); Electric; Heat Pump Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: SRP Gas: None Parking Features: Carport; 1 Space/Unit; Add'l Parking Avail; Assigned Road Access Type: Alley Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Water; Sewer; Trash Collection; Landscaping Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear 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
IDX
Listing Office: HomeSmart
Last Updated: December - 01 - 2024
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