$865,000
Tempe, AZ 85281
MLS# 6500596
Status: Pending
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Property Description
This property is master lease for 3 years w/Tenant paying all expenses. Great value with an excellent location for this remodeled Tempe Duplex. Close proximity to ASU and university transportation. Property features two spacious 1 bedroom, 1 bathroom units, both with a one car carport and slab parking, large private block fenced backyards in a quiet low traffic neighborhood. New flooring, tile tub/ shower surrounds, new vanities and cabinets, quartz countertops, dual pane windows, fixtures, stainless steel appliances and NEW underground pipes. Ample storage throughout, extended length carport and low maintenance landscaping.. Buyer to verify all Facts and Figures. Drive by only as this is occupied.
Details
Maps
Contract Info
Current Price: $865,000
List Price: $865,000
Status: Pending
List Date: 2022-12-21
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R37
House Number: 1421
Compass: S
Street Name: RITA
St Suffix: Lane
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Country: USA
County Code: Maricopa
Legal Description (Abbrev): HALSINGBORG TR A N 72.5' OF S 147.5'
Subdivision: HALSINGBORG
Assessor's Map #: 9
Assessor's Parcel #: 19
Assessor Parcel Ltr: E
Add'l Parcels: No
Assessor Number: 133-09-019-E
Legal: HALSINGBORG TR A N 72.5' OF S 147.5'
Census Tract: 319104
Tax Municipality: Tempe
Taxes: 1198
Tax Year: 2023
Marketing Name: Remodeled Duplex
General Property Description
Lot Size Dimensions: Irr
Year Built: 1959
Uncvrd Parking Spcs: 2
Total # of Units: 2
# of Buildings: 1
Zoning: R-4
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Remarks & Misc
Cross Street: Rural Rd and Spence RD
Directions: Turn East on Spence to Rita.
Turn South on Rita
Property is on the left
Geo Lat: 33.412131
Geo Lon: -111.921768
Status Change Info
Status Change Date: 2024-04-27
Off Market Date: 2024-04-27
Under Contract Date: 2024-04-27
Legal Info
Township: 1N
Range: 4E
Section: 23
Lot Number: E
Income & Expenses
Annual Ins Exp: 2221
Owner Association: No
Operating Exp: 3419
Gross Annual Sch Inc: 44712
Adjusted Gross Inc: 44712
Totl Mnth Rntal Inc: 3600
Net Operating Income: 41293
Pmt & Rate Info
Cap Rate: 4.77
Equity: 865000
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1800
Avg SqFt: 700
# Baths: 1
Property Features
Project Type: Duplex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Land & Building; Personal Property; Laundry Equipment; Other (See Remarks)
Community Amenities: No Pool
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Heat Pump
Water: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: None
Parking: Carport; >1 Space Per Unit; Free; Paved Parking
Roads/Streets: Asphalt
Owner Pays: None; See Remarks
Tenant Pays: Water; Sewer; Electric; Trash; Cable TV; Landscaping; Other (See Remarks)
Source of Fincl Data: Provided by Owner
Lockbox Type: None
New Financing: Conventional; No Carry
Reports/Disclosures: Seller Prop Disc Stm; APOD/Backup Avaible; Sch of Personal Prop; Other (See Remarks)
Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: April - 27 - 2024
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