$505,000
Tempe, AZ 85288
MLS# 6400639
Status: Closed
4 beds | 2 baths
1 / 37
Property Description
This property is a great investment opportunity for anyone looking to expand their portfolio. This building has recently been divided into two units. The left unit is a 3 bedroom and 1 bath. The right unit is a studio with 1 bath. Both units have fully remodeled kitchens, fresh interior paint, and new plumbing PVC. This property is located in a zoning R-2 Multifamily with great potential to build additional units. Moreover, both units come fully furnished and currently have Travel Nurses as tenants. Rental prices range from $1,500 to $3,000 with low property taxes. Do not miss out on this profitable investment opportunity!
Details
Maps
Contract Information
Status Change Date: 2022-07-21
Sold Price: $498,000
Status: Closed
Current Price: $498,000
List Date: 2022-05-10
Type: ER
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 2
Variable Commission: N
Location, Tax & Legal
Map Code/Grid: Q37
House Number: 1155
Compass: E
Street Name: TEMPE
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85288
Zip4: 1848
Country: USA
County Code: Maricopa
Assessor's Map #: 13
Assessor's Parcel #: 134
Assessor Number: 132-13-134
Legal Description (Abbrev): LOT 285 NORTH TEMPE 3 MCR 007140
Subdivision: NORTH TEMPE 3
Tax Municipality: Tempe
Taxes: 780
Tax Year: 2021
General Property Description
Dwelling Type: Single Family - Detached
Dwelling Styles: Detached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 4
# Bathrooms: 2
Approx SQFT: 1218
Price/SqFt: 408.86
Horses: N
Builder Name: unkown
Year Built: 1956
Approx Lot SqFt: 7593
Approx Lot Acres: 0.174
Pool: None
Elementary School: Cecil Shamley School
Jr. High School: Laguna Elementary School
High School: Tempe High School
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Remarks & Misc
Cross Street: Scottsdale Rd & Tempe Dr
Directions: Head North on Scottsdale Rood, Turn East on Tempe Drive and head straight down, the destination will be on your right hand side
Geo Lat: 33.441979
Geo Lon: -111.920152
Status Change Info
Off Market Date: 2022-07-21
Under Contract Date: 2022-06-25
Close of Escrow Date: 2022-07-20
Sold Price: $498,000
Legal Info
Township: 1N
Range: 4E
Section: 11
Lot Number: 285
Association & Fees
HOA Y/N: N
PAD Fee Y/N: N
Land Lease Fee Y/N: N
Basement
Basement Y/N: N
Separate Den/Office
Sep Den/Office Y/N: N
Parking Spaces
Carport Spaces: 2
Slab Parking Spaces: 2
Total Covered Spaces: 2
Sold Info
Loan Type: Conventional
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Special Listing Cond: N/A
Master Bathroom: Other (See Remarks)
Fireplace: Other (See Remarks)
Pool Features: No Pool
Spa: None
Dining Area: Other (See Remarks)
Kitchen Features: None
Laundry: Other
Construction: Block
Const - Finish: Painted
Roofing: Other (See Remarks)
Cooling: Refrigeration
Heating: Electric
Utilities: SRP
Water: City Water
Sewer: Sewer - Public
Fencing: Block
Landscaping: Desert Front
Lockbox Type: None
Possession: Close of Escrow
Association Fee Incl: Other (See Remarks)
Assoc Rules/Info: Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
New Financing: FHA; Conventional
Disclosures: Other (See Remarks)
Listing Office: neXGen Real Estate
Last Updated: April - 21 - 2023
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