Viewing Listing MLS# 6919748
$1,675,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft
Tempe, AZ 85281
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1960Year Built
- 0.00Acres
- 66 yearsEst Age
- MLS# 6919748
- Multifamily
- Multiple Dwellings
- Active
- Approx Time on Market9 months, 1 day
- AreaMaricopa
- CountyMaricopa
- Subdivision State College Homes Lots 41-48
Overview
Exceptional investment opportunity in this well-maintained 9-unit multifamily property! Conveniently located in a desirable, high-demand rental area of Tempe, ASU. This 9-plex features 8-1bedroom units and 1- studio with strong rental history and low vacancy. Each unit offers functional layouts, and 15 dedicated parking. All units have been tastefully updated attracting quality long-term tenants. The property sits on a generous lot with potential for future development (buyer to verify). On-site laundry, separate utility meters, This is a turnkey addition to any investor's portfolio. Easy access to transit, ASU, shopping, and major employment centers. Whether you're a seasoned investor or entering the multifamily market, this is a rare chance to acquire a stable, cash-flowing asset.
Agriculture / Farm
Association Fees / Info
Community Features: Barbecue, Play Area, No Pool
Hoa: No
Bathroom Info
Building Info
Construction Materials: Wood Frame, Painted, Block
Roof: Composition
Exterior Features
Financial
Owner Pays: Trash Collection,Water,Sewer
Gross Income: 119700
Insurance Expense: 4000
Garage / Parking
Parking Features: Add'l Parking Avail, 1 Space/Unit, Carport
Interior Features
Flooring: Vinyl
Appliances: Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave
Lot Info
Lot Size: 9523
Number of Buildings: 3
Other School Info
Property Info
Road Surface Type: Asphalt
Zoning: R-3
Tax Info
Tax Legal Description: LOT 4 STATE COLLEGE HOMES LOTS 41-48 MCR 003620
Tax Amount Annual: 2668
Unit Info
Total Units: 9
Utilities / Hvac
Water Source: City Franchise
Electric: APS
Cooling: Yes
Cool System: Central Air, Ceiling Fan(s), Electric
Heating: Heat Pump, Electric
Heating: Yes
Sewer: Public Sewer
Waterfront / Water
Schools
Elem: Holdeman Elementary School
Middle: Geneva Epps Mosley Middle School
High: Tempe High School
Directions
South on Farmer from University to property
Listings courtesy of Civic Center Real Estate
MLS# 7035959