$770,000
$788,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
1019 E TEMPE Drive Tempe, AZ 85288
Key Details
Sold Price $770,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision North Tempe
MLS Listing ID 6015497
Sold Date 03/13/20
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1955
Annual Tax Amount $2,243
Tax Year 2019
Lot Dimensions IRR
Property Description
Hot location for this 6 unit building in North Tempe on the edge of S. Scottsdale, a few blocks east of Scottsdale Rd & a 1/2 mile to the 202. Short hop to the ASU campus or the heart of Old Town. 4 of the 6 units have been extensively renovated. All new electrical system w/ separate metering installed this year. 4 of the 6 units have newer HVAC units. All 1 bedroom units that are 448 SF. Huge 15,000+ SF corner lot could also offer development potential and possible assemblage scenario. Nice curb appeal w/ this well-maintained, low-maintenance building. Value-add w/ below market rents. Long-term owners who have self-managed. Tenants pay electric, owner pays gas, water/sewer. Full address is 1019 through 1029 E. Tempe Drive. Buyer to complete & rely on own due diligence. Expenses estimated.
Location
State AZ
County Maricopa
Community North Tempe
Zoning R-2
Direction Take Scottsdale Rd to Tempe Drive. Go east a few blocks to property, on corner.
Interior
Heating 2 or More Units, Electric, Natural Gas, Other, See Remarks
Cooling 2 or More Units, Central A/C, Individual, Electric, Evaporative Cooling
Appliance Refrigerator, BI OvenRange
Exterior
Garage Common
Community Features No Pool
Waterfront No
Roof Type Rolled/Hot Mop
Total Parking Spaces 6
Building
Sewer Public Sewer
Water City Franchise, Master Meter
New Construction Yes
Schools
School District Tempe Union High School District
Others
Senior Community No
Tax ID 132-12-142-A
Acceptable Financing Conventional
Listing Terms Conventional
Financing Carryback
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