Incredible Tempe investment opportunity! This fully leased, single story 4-plex features long-term, reliable tenants & has been professionally managed for years. All tenants are current on rent, some under market. Major updates, including roof and all AC units, were completed in 2018. Ideally located minutes from ASU, downtown Tempe, Tempe… Read More Town Lake, major freeways (Loop 202, 101 & I-10) and multiple bus lines. Quick access to top area employers like State Farm, ADP, Amazon, and Wells Fargo. Covered and uncovered parking at rear of property and shared laundry facility on site. Plus, room to add Tenant value with some interior and exterior cosmetic updates, reflected in list price. This property offers strong value in one of the Valley's most sought-after rental markets. Read Less
Courtesy of Desert Dimensions Properties, Joseph A Maggiore, 480-270-5355.
Listing Snapshot
Days Online
41
Last Updated
Property Type
Multiple Dwellings
Year Built
1970
MLS Number
6885871
30 Days Snapshot Of 85281
$442k
-2%
(avg) sold price
24
-14%
homes sold
86
-14%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Refrigerator", "Free-Standing Electric Oven"
Building
Built in 1970, Construction materials: "Painted", "Stucco", "Block", 4 total units
Cooling
"Ceiling Fan(s)", "Electric"
Expenses
Electric: $350, Fuel: $320, Insurance: $2,500, Water sewer: $2,700
Floors
"Ceramic Tile", "Vinyl"
Heating
"Natural Gas"
Parking
"Assigned", ">1 Space Per Unit", 8 total parkings
Property
Zoning: Multi-Family
Roof
"Built-Up", "Rolled/Hot Mop"
Sewer
"Public Sewer"
Taxes
Annual amount: $2,641, Lot: 38
Utilities
"SRP"
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