Listing ID6321399
Sold For$955,000
StatusClosed
Sold Date2/10/2022
CountyMaricopa
SubdivisionBROADMOOR ANNEX
Year Built1958
Property TypeMultiple Dwellings
Amazing opportunity! 3 units in the heart of ASU/Tempe area! Large lot: over HALF AN ACRE! One Duplex, and one detached, stand alone house.
Each unit is approx. 830 - 847sqft, all have 2 bedrooms, 1 bathroom, nice kitchens, & great room.
Recent work has been done, newer roofs, newer AC units, water heaters, the Duplex was fully painted interior and exterior.
Landscape has been converted to awesome desert low maintenance, each unit has a large privately fenced back yard! Private car ports for each unit, and enough parking for at least 1 other vehicle at each unit without parking in street. Amazing turn key investment property! OR, eventually build a larger building with more units! The location could not be better!
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
BROADMOOR ANNEX
Year Built
1958
Zoning
[M-H] [R-3]
2 Bedroom Units # Baths
2
2 Bedroom Units Avg SqFt
840
Cooling
Central A/C
Cooling
yes
Heating
Electric, Natural Gas
Heating
yes
Community Features
Pool
Country
US
Directions
Traveling east on Broadway from Mill ave, turn south onto Forest ave. Property is on the left (east side) sign on property.
Elementary School
Broadmor Elementary School
Elementary School District
Tempe Elementary School District
General Property Description Elementary School
Broadmor Elementary School
General Property Description Elementary School District2
Tempe Elementary School District
General Property Description High School
Tempe High School
General Property Description High School District
Tempe Union High School District
General Property Description Jr High School
Tempe Academy Of International Studies McKemy Campus
High School
Tempe High School
High School District
Tempe Union High School District
Middle Or Junior School
Tempe Academy Of International Studies McKemy
Postal City
Tempe
Township
1N
Water Source
City Franchise, Individual Meter
Attached Garage
no
Construction Materials
Painted, Stucco, Block, Brick
Covered Spaces
3
Electric
SRP
General Property Description # of Buildings
2
General Property Description Flood Zone
No
General Property Description Lot Size Dimensions
233.57'-85.92'-243'-93'
General Property Description Total # of Units
3
General Property Description Uncvrd Parking Spcs
3
Lot Size Dimensions
233.57'-85.92'-243'-93'
Number Of Buildings
2
Number Of Units Total
3
Open Parking Spaces
3
Parking Carport
1
Parking Features
>1 Space Per Unit, 1 Space/Unit, Common
Parking Total
6
Road Surface Type
Asphalt, Concrete, Alley
Roof
Composition
Sewer
Public Sewer
Mls Status
Closed
Public Survey Range
4E
Public Survey Section
27
2 Bedroom Units Avg Rent
1200
Cap Rate
3.6
Disclosures
None
Gross Income
36993
Gross Scheduled Income
38940
Listing Terms
Conventional, 1031 Exchange
Net Operating Income
36000
Operating Expense
1948
Owner Pays
Trash Collection, Water, Sewer, Landscaping
Tax Annual Amount
1948
Tax Book Number
133.00
Tax Lot
1
Tax Year
2021
Tenant Pays
Gas, Electricity, Cable TV
Contact - Listing ID 6321399
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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