$1,100,000
$1,175,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/18/2020
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision State College Homes Lots 33-40
MLS Listing ID 6156027
Sold Date 12/18/20
Maintenance Fees $2,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1947
Annual Tax Amount $1,944
Tax Year 2020
Lot Dimensions 50x190
Property Description
Turn Key Investment, Walking distance to Downtown Tempe and Arizona State University. Apartment sits in the middle of a Classic College Residential Neighborhood. Two Buildings consisting of a loft style fourplex and One Story Triplex. Many Capitol Improvements completed within the last 4 years including All AC Units, Water Heaters, Roof on Fourplex, Plumbing and some Flooring. Attractive Units with open floor plans and natural light. Low Maintenance Desert Landscape. Very Low Vacancy, Leases In Place With Room for Increases. Proforma rents calculated at market. actual rent roll in documents. Buyer to Verify all Facts and Figures to Their Satisfaction.
Location
State AZ
County Maricopa
Community State College Homes Lots 33-40
Zoning R-3
Direction West on University One block to Farmer Ave. South on Farmer Ave to property on westside of Street. Alley access behind parcel.
Interior
Heating Natural Gas
Cooling Electric
Flooring Other
Appliance Dishwasher, Refrigerator, WasherDryer
Exterior
Community Features Other, See Remarks
Roof Type Composition, Foam
Total Parking Spaces 7
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 124-70-025
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Other
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