1019 E Tempe Drive

Tempe,AZ 85281

$ 1400000

$ 1600000 12.5%

- Bed

0 Bath

- SqFt


Key Details

Sold Price $1,400,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision North Tempe

MLS Listing ID 6396943

Sold Date

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1955

Annual Tax Amount $2,021

Tax Year 2358

Lot Dimensions IRR

Property Description

''The Traveler'' is comprised of (6) 1 bedroom units (448 sqf/ea) that all function as full time vacation rental units. The property features off-street parking & an enclosed common area w/ hot tub, community laundry, putting green & sitting area. All unit interiors have been extensively upgraded. The entire building received a new electrical system w/ separate metering installed in '20. New roof in '21. 2 New HVAC units in '21, other 4 units are newer, all w/ Nest thermostats. Located on a huge 15k+ SF corner lot the site could also offer development potential & possible future assemblage scenario. All furniture, appliances & hot tub convey in current condition.

Location

State AZ

County Maricopa

Community North Tempe

Zoning R-2

Direction Take Scottsdale Rd to Tempe Drive. Go east, property is on the south corner.

Interior

Heating Other,See Remarks,2 or More Units,Electric,Natural Gas

Cooling Central Air,Ceiling Fan(s),Electric,Individual,2 or More Units

Flooring Concrete

Appliance Built-In Range,Refrigerator,Microwave,Washer/Dryer

Exterior

Parking Features 1 Space/Unit,On Street

Community Features Golf,Other,Barbecue,Play Area,Heated Spa(s),No Pool

Roof Type Rolled/Hot Mop

Total Parking Spaces 6

Building

Sewer Public Sewer

Water Master Meter,City Franchise

New Construction No

Schools

School District Tempe Union High School District

Others

Senior Community No

Tax ID 132-12-142-A

Acceptable Financing Conventional,1031 Exchange

Listing Terms Conventional,1031 Exchange

Financing Other

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