$999,999
Tempe, AZ 85281
MLS# 6952689
1 / 7
Property Description
Welcome to this well-maintained fourplex in Tempe! Each of the four units has two bedrooms one bath. The property has recently been upgraded with a new roof and fresh exterior paint, ensuring a modern and appealing aesthetic. The location is a standout feature, being just a short walk away from ASU and the bustling Mill Avenue shops and restaurants. This proximity to local amenities not only provides convenience for tenants but also contributes to the property's stable income, with little to no vacancy. Ample parking is available for tenants, adding to the property's appeal. This is a fantastic opportunity for those seeking a great income-producing property in a prime location.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $999,999
List Price: $999,999
Status: Active
List Date: 2025-11-29
Location, Tax & Legal
Assessor's Map #: 70
Legal Description (Abbrev): FARMERS
Assessor's Parcel #: 5
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 318900
Taxes: 2859
Legal: FARMERS
Marketing Name: Farmers
House Number: 1101
Compass: S
Street Name: FARMER
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 8623
County Code: Maricopa
Subdivision: FARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5
Assessor Number: 124-70-005
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 7838
Flood Zone: TBD
Total # of Units: 4
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Holdeman Elementary School
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Year Built: 1975
Zoning: R-3
Legal Info
Range: 4E
Section: 21
Township: 1N
Lot Number: 1
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Foam: 1
Floors
Laminate: 1
Tile: 1
Vinyl: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 3150.73
Annual Gas Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 1750.28
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 2136.65
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 5940.51
Operating Exp: 15837.17
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 69000
Pmt & Rate Info
Cap Rate: 5.36
Equity: 999999
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Manager Res/Office: 1
Heating
Heat Pump: 1
Cooling
Central Air: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Sidewalk(s): 1
Interior Features
Unfurnished: 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Free-Standing Electric Oven: 1
Microwave: 1
Refrigerator: 1
Road Access Type
Alley: 1
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Paved: 1
Add'l Parking Avail: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Special
Accept Backups (CLO): 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
# Efficiency Units: 4
Avg Rent: 1300
Avg SqFt: 2916
# Baths: 4
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1350
Avg SqFt: 729
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1350
Avg SqFt: 729
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 1227.9
Avg SqFt: 729
# Baths: 1
4 Bedrooms Units
# 4 Bedroom Units: 2
Avg Rent: 1178.78
Avg SqFt: 729
# Baths: 1
Remarks Misc
Cross Street: 13th st and farmer
Directions: US 60 and Mill
North of Mill ave, West on 13th North of Farmer. Property on the Right hand side.
Geo Lat: 33.417313
Geo Lon: -111.943882
Income Expenses
Gross Annual Sch Inc: 69000
Net Operating Income: 53581.23
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Laminate; Tile; Vinyl; Carpet
Sale Includes: Land & Building
Community Features: No Pool; Manager Res/Office
Exterior Amenities: Landscape Water System; Desert Landscaping; Sidewalk(s)
Interior Features: Unfurnished; Mini Blinds
Appliances Included: Free-Standing Electric Oven; Refrigerator; Microwave
Heating: Heat Pump
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: 1 Space/Unit; Add'l Parking Avail; Paved
Road Access Type: Alley; City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Special: Accept Backups (CLO)
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Listing Office: MacLay Real Estate
Last Updated: December - 10 - 2025
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