824 W 9TH Street, Tempe, AZ 85281

$565,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $565,000 Last Modified: 5/11/2025

Overview

Description

Welcome home! This duplex is the perfect move-in ready investment near Arizona State - rent one side while living in the other. These 2 units offer generously sized living rooms, modern kitchens, and gorgeous updated bathrooms in both units. The main bedroom in each unit features a walk-in closet and an ensuite, boasting a separate tub and shower. An additional bedroom, dedicated carport space, and proximity to the bus stop make this a prime and convenient living space. The serene backyards are perfect for unwinding and enjoying your favorite beverage. You should not have a difficult time getting top dollar for rent in this area due to the updates and location.

Listing Details MLS# 6610256

Location, Tax & Legal

House Number
824
Compass
W
Street Name
9TH
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
5404
Country
US
County Code
Maricopa
Subdivision
LAIRD ESTATES
Assessor Number
124-68-005
Tax Year
2022
Assessor's Map #
68
Legal Description (Abbrev)
LOT 5 LAIRD ESTATES MCR 006523
Assessor's Parcel #
5
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
318900
Taxes
1656
Legal
LOT 5 LAIRD ESTATES MCR 006523
Marketing Name
Laird Estates

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
67 X 105
Year Built
1969
Uncvrd Parking Spcs
2
Total # of Units
2
# of Buildings
Yes
Zoning
R-2
Flood Zone
No
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District
Elementary School
Holdeman Elementary School
Jr. High School
Geneva Epps Mosley Middle School
High School
Tempe Academy Of International Studies McKemy Campus

Remarks Misc

Cross Street
Hardy Dr & University Dr
Directions
Head south on S Hardy Dr, Turn left onto W 9th St. Property will be on the left.

Status Change Info

Off Market Date
2023-12-08
Under Contract Date
2023-11-05
Close of Escrow Date
2023-12-12

Legal Info

Township
1N
Range
4E
Section
21
Lot Number
5

More Information

Income Expenses

Gross Annual Sch Inc
36720
Net Operating Income
28671

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Phone Call
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1530
Avg SqFt
780
# Baths
2

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession to Buyer
11300
Seller Concession $/%
$
Buyer Concession to Seller
0

Project Type

Duplex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes
Brick Veneer
Yes

Roofing

Built-Up
Yes
Rolled
Yes

Floors

Ceramic Tile
Yes
Other
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
652
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
600
Annual Maint Exp
1469
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
Operating Exp
4377
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
34884
Total Monthly Rental Income
3060

Pmt & Rate Info

Cap Rate
4.94
Equity
580000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

Supra
Yes
Combo
Yes

Community Features

No Pool
Yes

Heating

Natural Gas
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Exterior Amenities

Fenced
Yes
Cable TV Available
Yes

Interior Features

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

Tenant Pays

Gas
Yes
Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes
Cable TV
Yes
Other (See Remarks)
Yes

Appliances Included

Dishwasher
Yes
Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Projected Proforma
Yes
Unknown
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
On Street
Yes
<1 Space Per Unit
Yes
1 Space/Unit
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Other
Yes

New Financing

Conventional
Yes
FHA
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
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

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Duplex Construction: Block Const - Finish: Painted; Brick Veneer Roofing: Built-Up; Rolled Floors: Ceramic Tile; Other Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Fenced; Cable TV Available Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer; W/D Hookup Heating: Natural Gas Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport; On Street; <1 Space Per Unit; 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Other Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV; Other (See Remarks) Source of Fincl Data: Projected Proforma; Unknown Showing Notification Methods: Text; Phone Call Lockbox Type: Supra; Combo 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: FHA; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Keller Williams Arizona Realty
Last Updated: May - 11 - 2025
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