$510,000
Tempe, AZ 85281
MLS# 5694299
Status: Closed
1 / 5
Property Description
LOCATION LOCATION LOCATION! Walking distance to new art museum, Tempe town lake and new restaurants/entertainment near Mill Ave. Units remodeled - Building has new paint (inside and out), new landscaping, newer AC units (a few years old) - much of the electrical was updated in 2007 as well (inspected by city of Tempe). Each unit is 2 bed/1 bath with tile throughout with personal storage units and laundry behind the building. Tenants pay Gas/Electric and owner just pays water (~$140/mo). No HOA either! All tenants are section 8. Rents are: #1-$894, #2-$894, #3-$925, #4-$890. Sec 8 has also just increased voucher limits for these units to $975 (new owner can raise rents once leases expire). DO NOT DISTURB TENANTS
Details
Maps
Contract Info
Current Price: $510,000
Sold Price: $510,000
Status: Closed
List Date: 2017-12-02
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R36
House Number: 809
Compass: W
Street Name: 1ST
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2654
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 13 MONTERREY VILLAGE PLAT 3 UNIT 1 MCR 010241
Subdivision: MONTERREY VILLAGE PLAT 3 UNIT 1
Assessor's Map #: 31
Assessor's Parcel #: 111
Add'l Parcels: No
Assessor Number: 124-31-111
Legal: LOT 13 MONTERREY VILLAGE PLAT 3 UNIT 1 MCR 010241
Census Tract: 318800
Tax Municipality: Tempe
Taxes: 1364
Tax Year: 2015
Marketing Name: 809 W 1st
General Property Description
Lot Size Dimensions: irr
Year Built: 1964
Uncvrd Parking Spcs: 2
Total # of Units: 4
# of Buildings: 1
Zoning: multi
Elementary School: Tempe Academy Of International Studies McKemy Campus
Jr. High School: Tempe Academy Of International Studies McKemy Campus
High School: Tempe Academy Of International Studies McKemy Campus
High School District: Tempe Union High School District
Remarks & Misc
Cross Street: Hardy and 1st Street
Directions: From Rio Salado Pkwy head South on South Hardy Dr. to West 1st St. Turn East on West 1st St., property is on the right hand side.
Geo Lat: 33.428863
Geo Lon: -111.950471
Status Change Info
Status Change Date: 2018-09-17
Off Market Date: 2018-09-17
Under Contract Date: 2018-08-03
Close of Escrow Date: 2018-09-14
Sold Price: $510,000
Legal Info
Township: 1N
Range: 4E
Section: 16
Lot Number: 13
Income & Expenses
Owner Association: No
Operating Exp: 1364
Pmt & Rate Info
Equity: 525000
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 800
Avg SqFt: 700
# Baths: 1
Contact Info
List Agent Home Phn: 480-733-5569
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Other
Closing Cost Split: Seller Paid - S
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Concrete; Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Cable TV Available; Separate Storage
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Natural Gas; Individual; Wall Furnace
Cooling: Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Street Parking; >1 Space Per Unit; Free; Paved Parking
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s); Alley
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Provided by Owner
Special: Owner/Agent
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Distinguished Properties
Last Updated: September - 18 - 2018
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