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

Overview

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!

Listing Details MLS# 6788171

Location, Tax & Legal

House Number
932
Compass
E
Street Name
TEMPE
St Suffix
Drive
City/Town Code
Tempe
State/Province
AZ
Zip Code
85288
Zip4
1735
Country
US
County Code
Maricopa
Subdivision
NORTH TEMPE
Assessor Number
132-12-131
Tax Year
2024
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

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
60x127.02
Year Built
1962
Uncvrd Parking Spcs
4
Total # of Units
2
# of Buildings
Yes
Zoning
R-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

Remarks Misc

Cross Street
SCOTTSDALE RD & CURRY
Directions
North on Scottsdale Rd, East on Tempe Dr, duplex on the north side

Status Change Info

Off Market Date
2024-12-03
Under Contract Date
2024-11-30
Close of Escrow Date
2024-12-24

Legal Info

Township
1N
Range
4E
Section
11
Lot Number
131

More Information

Income Expenses

Gross Annual Sch Inc
40140
Net Operating Income
3245

Showing Notification Methods

Showing Service
Aligned Showings

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1650
Avg SqFt
792
# Baths
Yes

Sold Info

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

Project Type

Duplex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Foam
Yes
Rolled
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

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

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Electric
Yes
Natural Gas
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Exterior Amenities

Green Landscaping
Yes
Fenced
Yes
Cable TV Available
Yes
Patio/Balcony
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Fire Sprinklers
Yes

Tenant Pays

Gas
Yes
Electricity
Yes
Cable TV
Yes
Landscaping
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
<1 Space Per Unit
Yes
Paved
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
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

Seller Prop Disc Stm
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 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
IDX
Listing Office: Two Brothers Realty & Co
Last Updated: January - 13 - 2025
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