Real Estate in Phoenix
Marcela Grace Moat
855-286-2202855-286-2202

1019 E Tempe Drive, Tempe, AZ 85281 (MLS # 6015497)

Save to Favorites
Print
Share
PRICE $770,000
BEDS n/a
BATHS 0 baths
HOME SIZE n/a
LOT SIZE n/a

Hot location for this 6 unit building in North Tempe on the edge of S. Scottsdale, a few blocks east of Scottsdale Rd & a 1/2 mile to the 202. Short hop to the ASU campus or the heart of Old Town. 4 of the 6 units have been extensively renovated. All new electrical system w/ separate metering installed this year. 4 of the 6 units have newer HVAC units. All 1 bedroom units that are 448 SF. Huge 15,000+ SF corner lot could also offer development potential and possible assemblage scenario. Nice curb appeal w/ this well-maintained, low-maintenance building. Value-add w/ below market rents. Long-term owners who have self-managed. Tenants pay electric, owner pays gas, water/sewer. Full address is 1019 through 1029 E. Tempe Drive. Buyer to complete & rely on own due diligence. Expenses estimated.

DAYS ON MARKET -1 LAST UPDATED 3/14/2020
TRACT North Tempe YEAR BUILT 1955
COUNTY Maricopa STATUS Sold
PROPERTY TYPE(S) Multi Family

SCHOOLS
School District Tempe Union High School District (213)
Grade School Tempe School District (003)


ADDITIONAL DETAILS
1 BEDROOM UNITS: # 1 BEDROOM UNITS 6
1 BEDROOM UNITS: # BATHS 1
1 BEDROOM UNITS: AVG RENT 724.00
1 BEDROOM UNITS: AVG SQFT 448
2 BEDROOM UNITS: # 2 BEDROOM UNITS 0
2 BEDROOM UNITS: # BATHS 0
2 BEDROOM UNITS: AVG RENT 0.00
2 BEDROOM UNITS: AVG SQFT 0
3 BEDROOMS UNITS: # 3 BEDROOM UNITS 0
3 BEDROOMS UNITS: # BATHS 0
3 BEDROOMS UNITS: AVG RENT 0.00
3 BEDROOMS UNITS: AVG SQFT 0
4 BEDROOMS UNITS: # 4 BEDROOM UNITS 0
4 BEDROOMS UNITS: # BATHS 0
4 BEDROOMS UNITS: AVG RENT 0.00
4 BEDROOMS UNITS: AVG SQFT 0
APPLIANCES INCLUDED BI Oven/Range, Refrigerator
COMMUNITY AMENITIES No Pool
CONST - FINISH Painted
CONSTRUCTION Block
COOLING 2 or More Units, Central A/C, Electric Refrigeratd, Evaporative, Individual
COUNTY CODE Maricopa
ELECTRIC APS, Individual Meter
EXTERIOR AMENITIES Desert Landscaping, Green Landscaping
FLOORS Ceramic Tile, Vinyl/Composition
GAS Master Meter, SW Gas
HEATING 2 or More Units, Electric, Gas, Other (See Remarks)
INCOME & EXPENSES: ADJUSTED GROSS INC 50205.60
INCOME & EXPENSES: ANNUAL ELEC EXP 0.00
INCOME & EXPENSES: ANNUAL GAS EXP 0.00
INCOME & EXPENSES: ANNUAL INS EXP 0.00
INCOME & EXPENSES: ANNUAL LAND LSE EXP 0.00
INCOME & EXPENSES: ANNUAL LANDSCAPE EXP 0.00
INCOME & EXPENSES: ANNUAL LEGAL & ACCTG 0.00
INCOME & EXPENSES: ANNUAL MAINT EXP 0.00
INCOME & EXPENSES: ANNUAL MGMT EXP 0.00
INCOME & EXPENSES: ANNUAL OTHER EXPENSE 10357.00
INCOME & EXPENSES: ANNUAL OWNR ASOC FEE 0.00
INCOME & EXPENSES: ANNUAL PAD FEE 0.00
INCOME & EXPENSES: ANNUAL RPLCMNT RSRVS 0.00
INCOME & EXPENSES: ANNUAL TRASH EXP 0.00
INCOME & EXPENSES: ANNUAL WTR/SWR EXP 0.00
INCOME & EXPENSES: GROSS ANNUAL SCH INC 52128.00
INCOME & EXPENSES: NET OPERATING INCOME 37643.00
INCOME & EXPENSES: OPERATING EXP 12600.00
INCOME & EXPENSES: OTHER INCOME 720.00
INCOME & EXPENSES: OWNER ASSOCIATION No
INCOME & EXPENSES: VACANCY ALLOWANCE 0.05
INTERIOR AMENITIES Unfurnished
LEGAL INFO: LOT NUMBER 142
LEGAL INFO: RANGE 4E
LEGAL INFO: SECTION 11
LEGAL INFO: TOWNSHIP 1N
LOT SIZE DIMENSIONS IRR
MARKETING NAME N. Tempe 6 unit
NEW FINANCING Conventional
OWNER PAYS Gas, Sewer, Trash Collection, Water
PARKING 1 Space/Unit, Carport, Street Parking
PROJECT TYPE 5 - 12 Units
ROADS/STREETS Asphalt
ROOFING Rolled
SALE INCLUDES Land & Building
SEWER Sewer - Public
SOLD INFO: BUYER CONCESS $/% $
SOLD INFO: CLOSING COST SPLIT Normal - N
SOLD INFO: LOAN TYPE Carryback
SOLD INFO: PAYMENT TYPE Balloon
SOLD INFO: SELLER CONCESS $/% $
SOURCE OF FINCL DATA Projected Proforma, Provided by Owner
TAX MUNICIPALITY Tempe
TAXES 2243.00
TENANT PAYS Electric, None
TOTAL # OF UNITS 6.00
TOTAL PARKING SPCS 6.00
WATER City Franchise, Master Meter
ZONING R-2

ZESTIMATE
1019 E Tempe Drive, Tempe, AZ

RENT ZESTIMATE
$ / mo.  1019 E Tempe Drive, Tempe, AZ

65 Somewhat Walkable



 
CONTACT US ABOUT 1019 E TEMPE DRIVE
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Marcela Grace Moat to contact you even if your name is on a Federal or State "Do not call List".

Listed with Platinum Living Realty
The ARMLS logo indicates a property listed by a real estate brokerage other than Marcela Moat PLLC.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Data last updated 4/2/20 8:36 AM PDT.
  • Recent Posts