926 S WILSON Street, Tempe, AZ 85281
$680,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$680,000
Last Modified:
5/10/2025
Description
Great Tempe opportunity for an investor looking for a rental near ASU, or a homeowner looking to live on one side and rent out the other. With two 3 bedroom units, a great yard, and that perfect location, you can't go wrong. Great price, makes sense, especially considering rents are currently below market. Instant upside! This property has potential to upgrade the units and raise rent even more.
More Information MLS# 6597115
Contract Info
Ownership: Fee Simple
Current Price: $680,000
Sold Price: $680,000
Status: Closed
List Date: 2023-08-25
Location, Tax & Legal
Assessor's Map #: 69
Legal Description (Abbrev): LOT 9 BLOCK 5 GOODWIN HOMES MCR 000714
Assessor's Parcel #: 62
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 318900
Taxes: 2368
Legal: LOT 9 BLOCK 5 GOODWIN HOMES MCR 000714
Marketing Name: Tempe Duplex
House Number: 926
Compass: S
Street Name: WILSON
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5993
County Code: Maricopa
Subdivision: GOODWIN HOMES
Assessor Number: 124-69-062
Tax Year: 2022
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 50x200
Flood Zone: No
Total # of Units: 2
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Year Built: 1996
Zoning: Duplex
Legal Info
Range: 4E
Section: 21
Township: 1N
Block: 5
Lot Number: 9
Project Type
Duplex: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Concrete: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2368
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 35340
Total Monthly Rental Income: 3100
Pmt & Rate Info
Cap Rate: 4.5
Equity: 750000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Lockbox Type
Supra: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Interior Features
Unfurnished: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
None: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
Special
Estate Sale: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1550
Avg SqFt: 1180
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: W 10th St
Directions: From the 202, go South on Priest Dr, Take a left (East) on University and follow that to Wilson. Go right (south) on Wilson to the duplex on the right at the corner of Wilson and 10th St.
Geo Lat: 33.419535
Geo Lon: -111.946184
Status Change Info
Off Market Date: 2023-11-06
Under Contract Date: 2023-10-17
Close of Escrow Date: 2023-11-17
Sold Price: $680,000
Income Expenses
Gross Annual Sch Inc: 37200
Net Operating Income: 33750
Property Features
Project Type: Duplex
Construction: Block; Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Concrete
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher
Heating: Natural Gas
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV
Source of Fincl Data: Owner; Projected Proforma
Special: Estate Sale
Lockbox Type: Supra
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: 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: VA; FHA; Conventional
Environmental: None
Listing Office:
Keller Williams Realty Sonoran Living
Last Updated: May - 10 - 2025
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