903-921 S Farmer Avenue, Tempe, AZ 85281
$1,218,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,218,000
Last Modified:
12/08/2015
Overview
Description
Listing Details MLS# 5303929
Location, Tax & Legal
- Map Code/Grid
- R36
- House Number
- 903-921
- Compass
- S
- Street Name
- Farmer
- St Suffix
- Avenue
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85281
- Country
- US
- County Code
- Maricopa
- Subdivision
- Farmers BLKS 4-5& PT 3, Lots 6-9
- Assessor Number
- 124-69-011
- Tax Year
- 2015
- Assessor's Map #
- 69
- Assessor's Parcel #
- 11
- Add'l Parcels
- Yes
- Tax Municipality
- Tempe
- Taxes
- 6256
- Legal
- Farmers Lot 1 BLK 2 EX E 20'
- Marketing Name
- 14 on Farmer
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 123x205
- Year Built
- 1964
- Uncvrd Parking Spcs
- 2
- Total # of Units
- 14
- # of Buildings
- 4
- Zoning
- R-3
- Elementary School District
- Tempe Elementary School District
- High School District
- Tempe Union High School District
Remarks Misc
- Cross Street
- 9th St and Farmer
- Directions
- Mill Ave & University. West on University, South on Farmer Property southeast Corner of 9th St and Farmer.
Status Change Info
- Off Market Date
- 2015-11-24
- Under Contract Date
- 2015-10-09
- Close of Escrow Date
- 2015-12-08
Legal Info
- Lot Number
- 1-4
More Information
Income Expenses
- Gross Annual Sch Inc
- 114627
- Net Operating Income
- 76690
1 Bedroom Units
- # 1 Bedroom Units
- 14
- Avg Rent
- 682
- Avg SqFt
- 603
- # Baths
- Yes
Sold Info
- Loan Type
- Conventional
- Loan Years
- 25
- Payment Type
- Fixed
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- %
- Seller Concession $/%
- %
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 13 - 24 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Ceramic Tile
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
- Laundry Equipment
- Yes
Income & Expenses
- Annual Elec Exp
- 1835
- Annual Gas Exp
- 481
- Annual Ins Exp
- 2387
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 1878
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 7000
- Annual Mgmt Exp
- 11427
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 4888
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Other Income
- 3952
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 112650.05
Pmt & Rate Info
- Cap Rate
- 6.01
- Down Payment
- 1275000
- Equity
- 1275000
- Down Payment %
- 100
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- Other
- Yes
- See Remarks
- Yes
Heating
- Electric
- Yes
- Natural Gas
- Yes
- Individual
- Yes
Cooling
- Heat Pump
- Yes
- Individual
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
- Patio/Balcony
- Yes
- Security Light(s)
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Built-In Range
- Yes
- Free-Standing Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
- Projected Proforma
- Yes
- Other (See Remarks)
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- 1 Space/Unit
- Yes
- Paved
- Yes
- Other
- Yes
Electric
- APS
- Yes
Gas
- City Gas
- Yes
- Individual Meter
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Conventional
- Yes
- 1031 Exchange
- Yes
Existing 1st Loan
- Other (See Rmks)
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- 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
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- Other (See Remarks)
- 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:
13 - 24 Units
Construction:
Block
Const - Finish:
Painted
Roofing:
Composition
Floors:
Ceramic Tile; Carpet
Sale Includes:
Land & Building; Laundry Equipment
Community Features:
Other; See Remarks
Exterior Amenities:
Desert Landscaping; Patio/Balcony; Security Light(s)
Appliances Included:
Built-In Range; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave
Heating:
Natural Gas; Individual
Cooling:
Heat Pump; Individual
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
APS
Gas:
City Gas; Individual Meter
Parking Features:
1 Space/Unit; Paved; Other
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; Landscaping
Tenant Pays:
Electricity; Gas; Cable TV
Source of Fincl Data:
Owner; Projected Proforma; Other (See Remarks)
Existing 1st Loan:
Other (See Rmks)
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; 1031 Exchange
Environmental:
Other (See Remarks)
Listing Office:
Better Homes & Gardens Real Estate SJ Fowler
Last Updated: December - 08 - 2015
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