625 E BROADWAY Road, Tempe, AZ 85282
$555,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$555,000
Last Modified:
6/14/2024
Overview
Description
Listing Details MLS# 5338444
Location, Tax & Legal
- Map Code/Grid
- R37
- House Number
- 625
- Compass
- E
- Street Name
- BROADWAY
- St Suffix
- Road
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85282
- Zip4
- 1412
- Country
- US
- County Code
- Maricopa
- Subdivision
- 8-Plex in Tempe
- Assessor Number
- 133-25-118
- Tax Year
- 2014
- Assessor's Map #
- 25
- Legal Description (Abbrev)
- COM AT NW COR OF E2 NE4 NE4 TH S 40' TO TRUE POB TH S 74' TH E 120' TH N 61' TH ALG CURVE TO LEFT TO
- Assessor's Parcel #
- 118
- Add'l Parcels
- Yes
- Tax Municipality
- Tempe
- Census Tract
- 319600
- Taxes
- 3405
- Legal
- Lengthy. To be provided in Escrow. Additional parcel 133-25-119.
- Marketing Name
- Investment Opportunity
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 121.89 x 140.81
- Year Built
- 1960
- Total # of Units
- 8
- # of Buildings
- 3
- Zoning
- R-3
- Elementary School District
- Tempe Elementary School District
- Uncvrd Parking Spcs
- 0
Remarks Misc
- Cross Street
- Broadway & Rural
- Directions
- West to Property on the South side of Broadway at Granada.
Status Change Info
- Off Market Date
- 2015-09-23
- Under Contract Date
- 2015-09-23
- Close of Escrow Date
- 2016-01-25
Legal Info
- Township
- 1N
- Range
- 4E
- Section
- 27
More Information
Income Expenses
- Gross Annual Sch Inc
- 57600
- Net Operating Income
- 50875
1 Bedroom Units
- # 1 Bedroom Units
- 4
- Avg Rent
- 550
- Avg SqFt
- 522
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 4
- Avg Rent
- 650
- Avg SqFt
- 808
- # Baths
- Yes
Sold Info
- Loan Type
- Cash
- Payment Type
- Other
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 5 - 12 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Ceramic Tile
- Yes
Sale Includes
- Land & Building
- Yes
- Laundry Equipment
- Yes
Income & Expenses
- Annual Elec Exp
- 3300
- Annual Gas Exp
- 0
- Annual Ins Exp
- 860
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 960
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 1500
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 0
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 600
- Other Income
- 2400
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 60000
- Total Monthly Rental Income
- 4800
Pmt & Rate Info
- Cap Rate
- 9
- Down Payment
- 0
- Equity
- 565000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
Cooling
- Electric
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Green Landscaping
- Yes
- Fenced
- Yes
- Cable TV Available
- Yes
Interior Features
- Unfurnished
- Yes
- Mini Blinds
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Refrigerator
- Yes
- Built-In Range
- Yes
- Free-Standing Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- 1 Space/Unit
- Yes
Electric
- SRP
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Conventional
- Yes
- 1031 Exchange
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Fixed
- Yes
Existing 1st Loan Terms
- Non Assumable
- 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
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
5 - 12 Units
Construction:
Block
Const - Finish:
Painted
Roofing:
Composition
Floors:
Ceramic Tile
Sale Includes:
Land & Building; Laundry Equipment
Community Features:
No Pool
Exterior Amenities:
Landscape Water System; Green Landscaping; Fenced; Cable TV Available
Interior Features:
Unfurnished; Mini Blinds
Appliances Included:
Built-In Range; Free-Standing Range; Refrigerator
Cooling:
Electric
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP
Gas:
None
Parking Features:
Carport; 1 Space/Unit
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; Landscaping
Tenant Pays:
Electricity; Cable TV
Source of Fincl Data:
Owner
Existing 1st Loan:
Treat as Free&Clear
Existing 1st Loan Type:
Fixed
Existing 1st Loan Terms:
Non Assumable
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; 1031 Exchange
Environmental:
None
Listing Office:
Russ Lyon Sotheby's International Realty
Last Updated: June - 14 - 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.