804 W 2nd Street, Tempe, AZ 85281
$503,250
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$503,250
Last Modified:
2/28/2023
Description
Excellent Tempe Location! Close to ASU, Tempe Town Lake, Performing Arts Center, Mill Ave. and downtown Tempe. All one bedroom/one bathroom units. Three units have been updated. Three units on month-to-month lease and one unit lease expires 9-31-2019. No sign. Drive by, DO NOT DISTURB TENANTS. Buyer to verify all items prior to close of escrow. OWNER/AGENT.
More Information MLS# 5911473
Contract Info
Ownership: Fee Simple
Current Price: $503,250
Sold Price: $503,250
Status: Closed
List Date: 2019-04-14
Location, Tax & Legal
Assessor's Map #: 31
Legal Description (Abbrev): LOT 26 MONTERREY VILLAGE PLAT 3 UNIT 3 MCR 010503
Assessor's Parcel #: 124
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 318800
Taxes: 1446
Legal: LOT 26 MONTERREY VILLAGE PLAT 3 UNIT 3 MCR 010503
Marketing Name: Monterrey Village
Map Code/Grid: R36
House Number: 804
Compass: W
Street Name: 2nd
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2636
County Code: Maricopa
Subdivision: MONTERREY VILLAGE PLAT 3 UNIT 3
Assessor Number: 124-31-124
Tax Year: 2018
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: IRR
Total # of Units: 4
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Scales Technology Academy
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Year Built: 1976
Zoning: R-3
Legal Info
Range: 4E
Section: 16
Township: 1N
Lot Number: 26
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Slump Block: 1
Const - Finish
Painted: 1
Roofing
Rolled: 1
Floors
Vinyl: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 178
Annual Gas Exp: 0
Annual Ins Exp: 1480
Annual Land Lse Exp: 0
Annual Landscape Exp: 100
Annual Legal & Acctg: 0
Annual Maint Exp: 1500
Annual Mgmt Exp: 0
Annual Trash Exp: 1062
Annual Wtr/Swr Exp: 900
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 6666
Other Income: 0
Vacancy Allowance: 0.15
Adjusted Gross Inc: 26877
Pmt & Rate Info
Cap Rate: 3.55
Down Payment: 0
Equity: 569000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Heating
Heat Pump: 1
Electric: 1
Individual: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Heat Pump: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Curb(s) & Gutter(s): 1
Sidewalk(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Breakfast Bar: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 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
Parking Features
Paved: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Special
Owner/Agent: 1
Existing 1st Loan
VA: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 659
Avg SqFt: 490
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
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: Hardy & Rio Salado Parkway
Directions: South to 2nd street, East to Four Plex on corner of 2nd Street & McKemy.
Geo Lat: 33.42797
Geo Lon: -111.950239
Status Change Info
Off Market Date: 2019-07-08
Under Contract Date: 2019-06-12
Close of Escrow Date: 2019-07-11
Sold Price: $503,250
Income Expenses
Gross Annual Sch Inc: 31620
Net Operating Income: 20211
Property Features
Project Type: Four Plex
Construction: Wood Frame; Slump Block
Const - Finish: Painted
Roofing: Rolled
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Curb(s) & Gutter(s); Sidewalk(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds; Breakfast Bar
Appliances Included: Free-Standing Range; Refrigerator
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Electric; Heat Pump; Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: Paved
Road Access Type: Alley
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Special: Owner/Agent
Existing 1st Loan: VA
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional; No Carry
Environmental: None
Listing Office:
American Realty Brokers
Last Updated: February - 28 - 2023
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