530-536 W MALIBU Drive, Tempe, AZ 85282

$800,000
Property Type: Multiple Dwellings Bedrooms: 15 Baths: 7 Status: Closed
Current Price: $800,000 Last Modified: 6/12/2020

Overview

Description

Absolute Bargain, Priced Low & Firm for your buyer who wants a great deal on a super investment property in a highly sought after location in Tempe with room for rent growth. It won't last long at this low price! New tile, kitchens, and bathrooms in 4 units. All units occupied. Owner is licensed real estate agent.

Listing Details MLS# 5577637

Location, Tax & Legal

Map Code/Grid
R36
House Number
530-536
Compass
W
Street Name
MALIBU
St Suffix
Drive
City/Town Code
Tempe
State/Province
AZ
Zip Code
85282
Zip4
4816
Country
US
County Code
Maricopa
Subdivision
LAGUNA ESTATES
Assessor Number
123-45-011-A
Tax Year
2016

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
Unknown
Year Built
1964
Uncvrd Parking Spcs
2
Total # of Units
7
# of Buildings
2
Zoning
R3-R
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District

Remarks Misc

Cross Street
Southern & Mill
Directions
West to Roosevelt. South to Malibu. East to property.

Status Change Info

Off Market Date
2017-03-21
Under Contract Date
2017-03-21
Close of Escrow Date
2017-04-11

Legal Info

Township
1N
Range
4E
Section
33
Lot Number
8

More Information

2 Bedroom Units

# 2 Bedroom Units
6
Avg Rent
837
Avg SqFt
750
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
1300
Avg SqFt
1450
# Baths
Yes

Structure

Bedrooms Total
15
Bathrooms Total
7

Income Expenses

Gross Annual Sch Inc
75900
Net Operating Income
72105

Sold Info

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

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted; Stucco Roofing: Rolled Floors: Wood; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Landscape Water System; Partially Fenced Appliances Included: Built-In Range; Refrigerator Heating: Heat Pump Cooling: Heat Pump Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Garage; Carport; On Street; >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Landscaping; Other; See Remarks Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV; Other (See Remarks) Source of Fincl Data: Owner Special: Owner/Agent 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: eXp Realty
Office Phone: 888-897-7821
Office Email: az.broker@exprealty.net
Last Updated: June - 12 - 2020
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