1155 E TEMPE Drive, Tempe, AZ 85288 (MLS# 6400639)

$505,000

1155 E TEMPE Drive
Tempe, AZ 85288
MLS# 6400639
Status: Closed
4 beds | 2 baths

1 / 37

Property Description
This property is a great investment opportunity for anyone looking to expand their portfolio. This building has recently been divided into two units. The left unit is a 3 bedroom and 1 bath. The right unit is a studio with 1 bath. Both units have fully remodeled kitchens, fresh interior paint, and new plumbing PVC. This property is located in a zoning R-2 Multifamily with great potential to build additional units. Moreover, both units come fully furnished and currently have Travel Nurses as tenants. Rental prices range from $1,500 to $3,000 with low property taxes. Do not miss out on this profitable investment opportunity!

Details

Maps

Contract Information

Status Change Date: 2022-07-21

List Price: $505,000

Status: Closed

Current Price: $498,000

List Date: 2022-05-10

Type: ER

Ownership: Fee Simple

Subagents: N

Buyer/Broker: Y

Buyer Broker $/%: %

Comp to Buyer Broker: 2

Variable Commission: N

Location, Tax & Legal

Map Code/Grid: Q37

House Number: 1155

Compass: E

Street Name: TEMPE

St Suffix: Drive

City/Town Code: Tempe

State/Province: AZ

Zip Code: 85288

Zip4: 1848

Country: USA

County Code: Maricopa

Assessor's Map #: 13

Assessor's Parcel #: 134

Assessor Number: 132-13-134

Legal Description (Abbrev): LOT 285 NORTH TEMPE 3 MCR 007140

Subdivision: NORTH TEMPE 3

Tax Municipality: Tempe

Taxes: 780

Tax Year: 2021

General Property Description

Dwelling Type: Single Family - Detached

Dwelling Styles: Detached

Exterior Stories: 1

# of Interior Levels: 1

# Bedrooms: 4

# Bathrooms: 2

Approx SQFT: 1218

Price/SqFt: 408.86

Horses: N

Builder Name: unkown

Year Built: 1956

Approx Lot SqFt: 7593

Approx Lot Acres: 0.174

Pool: None

Elementary School: Cecil Shamley School

Jr. High School: Laguna Elementary School

High School: Tempe High School

Elementary School District: Tempe Elementary School District

High School District: Tempe Union High School District

Remarks & Misc

Cross Street: Scottsdale Rd & Tempe Dr

Directions: Head North on Scottsdale Rood, Turn East on Tempe Drive and head straight down, the destination will be on your right hand side

Geo Lat: 33.441979

Geo Lon: -111.920152

Status Change Info

Off Market Date: 2022-07-21

Under Contract Date: 2022-06-25

Close of Escrow Date: 2022-07-20

Sold Price: 498000

Legal Info

Township: 1N

Range: 4E

Section: 11

Lot Number: 285

Association & Fees

HOA Y/N: N

PAD Fee Y/N: N

Land Lease Fee Y/N: N

Basement

Basement Y/N: N

Separate Den/Office

Sep Den/Office Y/N: N

Parking Spaces

Carport Spaces: 2

Slab Parking Spaces: 2

Total Covered Spaces: 2

Sold Info

Loan Type: Conventional

Closing Cost Split: Normal - N

Buyer Concession $/%: $

Seller Concession $/%: $

Property Features

Special Listing Cond: N/A

Master Bathroom: Other (See Remarks)

Fireplace: Other (See Remarks)

Pool Features: No Pool

Spa: None

Dining Area: Other (See Remarks)

Kitchen Features: None

Laundry: Other

Construction: Block

Const - Finish: Painted

Roofing: Other (See Remarks)

Cooling: Refrigeration

Heating: Electric

Utilities: SRP

Water: City Water

Sewer: Sewer - Public

Fencing: Block

Landscaping: Desert Front

Lockbox Type: None

Possession: Close of Escrow

Association Fee Incl: Other (See Remarks)

Assoc Rules/Info: Other (See Remarks)

Existing 1st Loan: Treat as Free&Clear

New Financing: FHA; Conventional

Disclosures: Other (See Remarks)

Listing Office: neXGen Real Estate

Last Updated: April - 21 - 2023

Friday 26th of April 2024 12:35 AM