804 W 2nd Street, Tempe, AZ 85281

$503,250
Property Type: Multiple Dwellings Status: Closed
Current Price: $503,250 Last Modified: 2/28/2023

Overview

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.

Listing Details MLS# 5911473

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Subdivision
MONTERREY VILLAGE PLAT 3 UNIT 3
Assessor Number
124-31-124
Tax Year
2018
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

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
IRR
Year Built
1976
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
R-3
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

Remarks Misc

Cross Street
Hardy & Rio Salado Parkway
Directions
South to 2nd street, East to Four Plex on corner of 2nd Street & McKemy.

Status Change Info

Off Market Date
2019-07-08
Under Contract Date
2019-06-12
Close of Escrow Date
2019-07-11

Legal Info

Township
1N
Range
4E
Section
16
Lot Number
26

More Information

Income Expenses

Gross Annual Sch Inc
31620
Net Operating Income
20211

1 Bedroom Units

# 1 Bedroom Units
4
Avg Rent
659
Avg SqFt
490
# Baths
Yes

Sold Info

Loan Type
Conventional
Loan Years
30
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

Wood Frame
Yes
Slump Block
Yes

Const - Finish

Painted
Yes

Roofing

Rolled
Yes

Floors

Vinyl
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

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
Yes

Heating

Heat Pump
Yes
Electric
Yes
Individual
Yes

Cooling

Ceiling Fan(s)
Yes
Electric
Yes
Heat Pump
Yes
Individual
Yes

Exterior Amenities

Desert Landscaping
Yes
Curb(s) & Gutter(s)
Yes
Sidewalk(s)
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes
Breakfast Bar
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Refrigerator
Yes
Free-Standing 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

Parking Features

Paved
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes
No Carry
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

VA
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Non Assumable
Yes

Existing 2nd Loan

Other (See Remarks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Other (See Remarks)
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

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

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
IDX
Listing Office: American Realty Brokers
Last Updated: February - 28 - 2023
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