1019 E Tempe Drive

    Tempe, AZ 85281
    • $770,000
    • STATUS: Closed
    • ON SITE: 110 days
    • MLS #: 6015497
    Sold - 03/13/2020
    $770,000
    SOLD - 03/13/2020
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:
    Area:

    School Ratings & Info

    School District:

    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.

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    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than neXGen Real Estate. Data last updated 2020-04-07T21:10:16.947.
    www.xgreal.com/homes/101794881

    1019 E Tempe Drive Tempe, AZ 85281

    • Price: $788,000
    • Status: Closed
    • Updated: 27 min ago
    • MLS #: 6015497
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1955
    Built
    Neighborhood:
    North Tempe
    County:
    Maricopa
    Area:
    Tempe
    School District:
    003 - Tempe School District
    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.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Green LandscapingDesert Landscaping Lot Size Dimensions Irr Parking 1 Space/UnitCarportStreet Parking Roads Asphalt Roofing Rolled

    Interior Features

    1 Bedroom Unit Avg Sq Ft 448 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Bi Oven/RangeRefrigerator Cooling Central A/CEvaporativeElectric RefrigeratdIndividual2 Or More Units Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic TileVinyl/Composition Heating 2 Or More UnitsElectricGasOther (See Remarks) Interior Amenities Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 724.00 1 Bedroom Units 6 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 50205.60 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 10357.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities No Pool Cross Street Scottsdale Road & Mckellips Road Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas Master MeterSw Gas Gross Annual Sch Inc 52128.00 Hoa YN No Net Operating Income 37643.00 New Financing Conventional Operating Exp 12600.00 Other Income 720.00 Owner Pays WaterSewerGasTrash Collection Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By OwnerProjected Proforma Tax Municipality Tempe Taxes 2243.00 Tenant Pays ElectricNone Vacancy Allowance 0.05 Water Master MeterCity Franchise Zoning R-2

    Listing courtesy of Platinum Living Realty.


    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than neXGen Real Estate. Data last updated 2020-04-07T21:10:16.947.
     
    neXGen Real Estate
    3101 N Central Ave., Suite 154
    Phoenix AZ, 85012