932 E TEMPE Drive, Tempe, AZ 85288
$589,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$589,000
List Date:
11/29/2024
Last Modified:
1/13/2025
Description
Beautiful remodeled duplex in Tempe, perfect for investors looking for a turnkey property in a prime location. This stunning property features 2 bed 1 bath units.
The interior of both sides of duplex have been completely renovated with modern finishes, including new flooring, fresh paint, and updated fixtures throughout. The kitchens have been updated with new quartz countertops, and newer appliances. The bathrooms have also been remodeled with new vanities, toilets, and tiled showers. Large Backyards featuring turf and a built in fire pit with pavers. Located in the heart of Tempe, this duplex is just minutes away from Arizona State University, Tempe Town Lake, and numerous shopping and dining options. Would make great long or short term rental!
More Information MLS# 6788171
Contract Info
Ownership: Fee Simple
Current Price: $589,000
Sold Price: $589,000
Status: Closed
List Date: 2024-11-25
Location, Tax & Legal
Assessor's Map #: 12
Legal Description (Abbrev): LOT 131 NORTH TEMPE MCR 003850
Assessor's Parcel #: 131
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 318400
Taxes: 1410
Legal: LOT 131 NORTH TEMPE MCR 003850
Marketing Name: Tempe Duplex
House Number: 932
Compass: E
Street Name: TEMPE
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85288
Zip4: 1735
County Code: Maricopa
Subdivision: NORTH TEMPE
Assessor Number: 132-12-131
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 60x127.02
Total # of Units: 2
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Cecil Shamley School
Jr. High School: McKemy Middle School
High School: McClintock High School
Year Built: 1962
Zoning: R-2
Legal Info
Range: 4E
Section: 11
Township: 1N
Lot Number: 131
Project Type
Duplex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Foam: 1
Rolled: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 640
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 1200
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 3250
Other Income: 0
Vacancy Allowance: 5
Adjusted Gross Inc: 160560
Total Monthly Rental Income: 3345
Pmt & Rate Info
Cap Rate: 0.55
Down Payment: 0
Equity: 589000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Electric: 1
Natural Gas: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Exterior Amenities
Green Landscaping: 1
Fenced: 1
Cable TV Available: 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Fire Sprinklers: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Landscaping: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
<1 Space Per Unit: 1
Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 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: 1650
Avg SqFt: 792
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
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: SCOTTSDALE RD & CURRY
Directions: North on Scottsdale Rd, East on Tempe Dr, duplex on the north side
Geo Lat: 33.442478
Geo Lon: -111.924973
Status Change Info
Off Market Date: 2024-12-03
Under Contract Date: 2024-11-30
Close of Escrow Date: 2024-12-24
Sold Price: $589,000
Income Expenses
Gross Annual Sch Inc: 40140
Net Operating Income: 3245
Property Features
Project Type: Duplex
Construction: Block
Const - Finish: Painted
Roofing: Foam; Rolled
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Green Landscaping; Fenced; Cable TV Available; Patio/Balcony
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Fire Sprinklers
Appliances Included: Free-Standing Range; Refrigerator; W/D Hookup
Heating: Natural Gas; Heat Pump
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: On Street; <1 Space Per Unit; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas; Cable TV; Landscaping
Source of Fincl Data: Owner
Lockbox Type: None
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: VA; FHA; Conventional
Environmental: None
Listing Office:
Two Brothers Realty & Co
Last Updated: January - 13 - 2025
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