831 W 3RD Street, Tempe, AZ 85281

$525,000
Property Type: Multiple Dwellings Bedrooms: 4 Baths: 4 Status: Closed
Current Price: $525,000 Last Modified: 9/16/2018

Overview

Description

Tempe 4Plex in paradise like cul de sac, fully leased income property. This property is in the heart of Tempe, near Arizona State University (ASU), close to Tempe Town Lake, close to Mill Avenue and not far from Sky Harbor Airport. This property is a magnet for high quality tenants that will treat their apartments like home. Many features include brick construction, dual pane windows and 2 ton AC units. Each unit is individually metered for electric and gas. Tile is laid throughout the property for low maintenance. Desert landscaping consumes low water and is set on timer for hands off management.

Listing Details MLS# 5804486

Location, Tax & Legal

Map Code/Grid
R36
House Number
831
Compass
W
Street Name
3RD
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
2621
Country
US
County Code
Maricopa
Subdivision
MONTERREY VILLAGE PLAT 2 AMD
Assessor Number
124-31-097
Tax Year
2018

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
10,008
Year Built
1963
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
R-3
High School District
Tempe Union High School District

Remarks Misc

Cross Street
Mill & University
Directions
Mill north to 5th St, 5th Street to McKemy St, right on Brown St, left of McKemy, then left on 3rd St

Status Change Info

Off Market Date
2018-09-16
Under Contract Date
2018-08-16
Close of Escrow Date
2018-09-15

Legal Info

Township
1N
Range
4E
Section
16
Lot Number
8

More Information

1 Bedroom Units

# 1 Bedroom Units
4
Avg Rent
860
Avg SqFt
520
# Baths
Yes

Structure

Bedrooms Total
4
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
40320
Net Operating Income
38169

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Buyer - B
Buyer Concession to Seller
2
Buyer Concession $/%
%
Seller Concession to Buyer
Yes
Seller Concession $/%
%

Property Features

Project Type: Four Plex Other Type: House + Rental Units Construction: Block Const - Finish: Painted Roofing: Foam Floors: Ceramic Tile Sale Includes: Building(s) Only; Laundry Equipment Community Features: No Pool Exterior Amenities: Landscape Water System; Desert Landscaping Appliances Included: Free-Standing Range; Refrigerator; Microwave; Washer/Dryer Heating: Individual; Central; Heat Pump Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport Road Surface Type: Gravel; Dirt Owner Pays: Water; Trash Collection; Other; See Remarks Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner Special: Owner/Agent Existing 1st Loan: Conventional Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable 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: Conventional Environmental: None
IDX
Listing Office: Equity Arizona Real Estate
Office Phone: 801-573-4935
Office Email: equityarizona@gmail.com
Last Updated: September - 16 - 2018
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Search powered by FBS Products