Prime dirt location on the doorstep to ASU, the 5th largest university in the US. Sought after four unit complex. Now 100% vacant. Owner can deliver vacant or re-leased. Located in an opportunity zone with 1000's of new units in process. Very low expenses w/ separate, tenant-paid electric/gas. Twin… Read More adjacent property is 1424 S Stanley (MLS 6855520). Available as a package of eight units or the full package of 15 units (see MLS 6851166). Value-add. Long-term, local-owner that has self-managed. A 10% 2nd position carry or low LTV/market interest rate carry possible. Shared water meter with 1424 S Stanley. Close to a 7 CAP historical income performance ($1299 rents). Read Less
Courtesy of Better Homes & Gardens Real Estate SJ Fowler, James C Stephens, 480-649-3536.
Listing Snapshot
Days Online
106
Last Updated
Property Type
Multiple Dwellings
Year Built
1960
MLS Number
6855518
30 Days Snapshot Of 85281
$435k
-3%
(avg) sold price
23
-17%
homes sold
83
-17%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Free-Standing Range", "Refrigerator"
Building
Built in 1960, Construction materials: "Painted", "Block", 4 total units
Cooling
"Window/Wall Unit"
Expenses
Electric: $100, Insurance: $1,300, Maintenance: $1,100, Water sewer: $2,100
Floors
"Carpet", "Vinyl"
Heating
"Window/Wall Unit(s)"
Parking
"1 Space/Unit", 4 total parkings
Property
Zoning: Multi
Roof
"Composition"
Sewer
"Sewer-In & Connected", "Public Sewer"
Taxes
Annual amount: $1,539, Lot: 16
Utilities
"SRP", "Individual Meter"
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