809 W 1ST Street, Tempe, AZ 85281
$510,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$510,000
Last Modified:
9/18/2018
Description
LOCATION LOCATION LOCATION! Walking distance to new art museum, Tempe town lake and new restaurants/entertainment near Mill Ave. Units remodeled - Building has new paint (inside and out), new landscaping, newer AC units (a few years old) - much of the electrical was updated in 2007 as well (inspected by city of Tempe). Each unit is 2 bed/1 bath with tile throughout with personal storage units and laundry behind the building. Tenants pay Gas/Electric and owner just pays water (~$140/mo). No HOA either! All tenants are section 8. Rents are: #1-$894, #2-$894, #3-$925, #4-$890. Sec 8 has also just increased voucher limits for these units to $975 (new owner can raise rents once leases expire). DO NOT DISTURB TENANTS
More Information MLS# 5694299
Contract Info
Ownership: Fee Simple
Current Price: $510,000
Sold Price: $510,000
Status: Closed
List Date: 2017-12-02
Location, Tax & Legal
Assessor's Map #: 31
Legal Description (Abbrev): LOT 13 MONTERREY VILLAGE PLAT 3 UNIT 1 MCR 010241
Assessor's Parcel #: 111
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 318800
Taxes: 1364
Legal: LOT 13 MONTERREY VILLAGE PLAT 3 UNIT 1 MCR 010241
Marketing Name: 809 W 1st
Map Code/Grid: R36
House Number: 809
Compass: W
Street Name: 1ST
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2654
County Code: Maricopa
Subdivision: MONTERREY VILLAGE PLAT 3 UNIT 1
Assessor Number: 124-31-111
Tax Year: 2015
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: irr
Total # of Units: 4
High School District: Tempe Union High School District
Elementary School: Tempe Academy Of International Studies McKemy Campus
Jr. High School: Tempe Academy Of International Studies McKemy Campus
High School: Tempe Academy Of International Studies McKemy Campus
Year Built: 1964
Zoning: multi
Legal Info
Range: 4E
Section: 16
Township: 1N
Lot Number: 13
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Concrete: 1
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
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: 0
Operating Exp: 1364
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Down Payment: 0
Equity: 525000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Heating
Wall Furnace: 1
Natural Gas: 1
Individual: 1
Cooling
Central Air: 1
Exterior Amenities
Desert Landscaping: 1
Curb(s) & Gutter(s): 1
Cable TV Available: 1
Sidewalk(s): 1
Separate Storage: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Gas: 1
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
Sewer
Sewer - Public: 1
Parking Features
Free: 1
On Street: 1
>1 Space Per Unit: 1
Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Conventional: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 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
Contact Info
List Agent Home Phn: 480-733-5569
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 800
Avg SqFt: 700
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Seller Paid - S
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: Hardy and 1st Street
Directions: From Rio Salado Pkwy head South on South Hardy Dr. to West 1st St. Turn East on West 1st St., property is on the right hand side.
Geo Lat: 33.428863
Geo Lon: -111.950471
Status Change Info
Off Market Date: 2018-09-17
Under Contract Date: 2018-08-03
Close of Escrow Date: 2018-09-14
Sold Price: $510,000
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Concrete; Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Separate Storage
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator
Heating: Natural Gas; Individual; Wall Furnace
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: On Street; >1 Space Per Unit; Free; Paved
Road Access Type: Alley
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas; Cable TV
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
Listing Office:
Distinguished Properties
Last Updated: September - 18 - 2018
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