816 W 2ND Street, Tempe, AZ 85281
$570,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$570,000
Last Modified:
1/04/2025
Overview
Description
Listing Details MLS# 5724043
Location, Tax & Legal
- Map Code/Grid
- R36
- House Number
- 816
- Compass
- W
- Street Name
- 2ND
- St Suffix
- Street
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85281
- Zip4
- 2638
- Country
- US
- County Code
- Maricopa
- Subdivision
- MONTERREY VILLAGE PLAT 3 UNIT 3
- Assessor Number
- 124-31-122
- Tax Year
- 2017
- Assessor's Map #
- 31
- Legal Description (Abbrev)
- LOT 24 MONTERREY VILLAGE PLAT 3 UNIT 3 MCR 010503
- Assessor's Parcel #
- 122
- Add'l Parcels
- No
- Tax Municipality
- Maricopa - COUNTY
- Census Tract
- 318800
- Taxes
- 1421
- Legal
- LOT 24 MONTERREY VILLAGE PLAT 3 UNIT 3 MCR 010503
- Marketing Name
- None
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- IRR
- Year Built
- 1976
- Uncvrd Parking Spcs
- 6
- Total # of Units
- 4
- # of Buildings
- Yes
- 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
- University & Hardy
- Directions
- North on hardy from University, East on 2nd St., Property on Left.
Status Change Info
- Off Market Date
- 2018-06-15
- Under Contract Date
- 2018-05-12
- Close of Escrow Date
- 2018-06-14
Legal Info
- Township
- 1N
- Range
- 4E
- Section
- 16
- Lot Number
- 24
More Information
Income Expenses
- Gross Annual Sch Inc
- 48000
- Net Operating Income
- 40660
1 Bedroom Units
- # 1 Bedroom Units
- 4
- Avg Rent
- 900
- 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
- Brick Veneer
- Yes
Roofing
- Rolled
- Yes
Floors
- Ceramic Tile
- Yes
Sale Includes
- Building(s) Only
- Yes
- Personal Property
- Yes
Income & Expenses
- Annual Elec Exp
- 0
- Annual Gas Exp
- 0
- Annual Ins Exp
- 792
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 0
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 1200
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 1800
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 5213
- Other Income
- 0
- Vacancy Allowance
- 1440
- Adjusted Gross Inc
- 69072000
Pmt & Rate Info
- Cap Rate
- 6.82
- Down Payment
- 0
- Equity
- 596000
- 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
- Curb(s) & Gutter(s)
- Yes
- Sidewalk(s)
- Yes
Interior Features
- Mini Blinds
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Dishwasher
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
Road Access Type
- Alley
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Free
- Yes
- 1 Space/Unit
- Yes
- Paved
- Yes
Electric
- APS
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Trash Collection
- Yes
- None
- Yes
New Financing
- Conventional
- Yes
Existing 1st Loan
- Conventional
- 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
- Non Assumable
- 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; Brick Veneer
Roofing:
Rolled
Floors:
Ceramic Tile
Sale Includes:
Building(s) Only; Personal Property
Community Features:
No Pool
Exterior Amenities:
Curb(s) & Gutter(s); Sidewalk(s)
Interior Features:
Mini Blinds
Appliances Included:
Free-Standing Range; Refrigerator; Dishwasher; Washer/Dryer
Cooling:
Electric
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
APS
Gas:
None
Parking Features:
1 Space/Unit; Free; Paved
Road Access Type:
Alley
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; None
Tenant Pays:
Electricity; Cable TV
Source of Fincl Data:
Projected Proforma
Existing 1st Loan:
Conventional
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:
Non Assumable
Existing Othr Ln Trm:
Not Applicable
New Financing:
Conventional
Environmental:
None
Listing Office:
Redefy
Last Updated: January - 04 - 2025
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