Listing ID6462238
Sold For$2,400,000
StatusClosed
Sold Date1/30/2023
CountyMaricopa
Year Built1960
Property TypeMultiple Dwellings
For additional information about this property located in Tempe, Arizona, please fill out the Request More Information form.
County
Maricopa
Property Type
Multiple Dwellings
Year Built
1960
Zoning
R-3
1 Bedroom Units # Baths
10
1 Bedroom Units Avg SqFt
576
2 Bedroom Units # Baths
2
2 Bedroom Units Avg SqFt
790
Cooling
Individual, Electric
Cooling
yes
Heating
Floor Furnace, Wall Furnace
Heating
yes
Community Features
No Pool
Country
US
Elementary School District
Tempe Elementary School District
General Property Description Elementary School District2
Tempe Elementary School District
General Property Description High School District
Phoenix Union High School District
High School District
Phoenix Union High School District
Postal City
Tempe
Water Source
Master Meter
Attached Garage
no
Construction Materials
Brick Veneer, Painted, Block
Electric
APS
General Property Description # of Buildings
2
General Property Description Lot Size Dimensions
23958 square feet
General Property Description Total # of Units
12
General Property Description Uncvrd Parking Spcs
19
Lot Size Dimensions
23958 square feet
Number Of Buildings
2
Number Of Units Total
12
Open Parking Spaces
19
Parking Features
>1 Space Per Unit
Parking Total
19
Road Surface Type
Asphalt
Roof
Concrete, Foam
Sewer
Public Sewer
Buyer Agency Compensation
2.00
Mls Status
Closed
1 Bedroom Units Avg Rent
1248
2 Bedroom Units Avg Rent
1495
Cap Rate
4.88
Disclosures
None
Electric Expense
8294
Gardener Expense
2331
Gross Income
195587.9
Gross Scheduled Income
195966
Insurance Expense
2500
Listing Terms
No Carry, Conventional, 1031 Exchange
Maintenance Expense
8205
Net Operating Income
150196
Operating Expense
42072
Owner Pays
Trash Collection, Water, Sewer, Landscaping
Professional Management Expense
9716
Tax Annual Amount
5026
Tax Book Number
124.00
Tax Lot
1
Tax Year
2022
Tenant Pays
Electricity
Contact - Listing ID 6462238
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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