$1,599,900
Tempe, AZ 85281
MLS# 6686460
1 / 19
Property Description
Priest 8! Rare chance to own 8 garden-style units in booming Tempe! TWO PARCELS - TWO WATER METERS. Sale includes two fourplexes, which are on separate lots allowing for residential financing. MUST BE SOLD TOGETHER. Total of 13.461 SQFT lot square footage on highly desirable Priest and 4th ST! R-4 Zoning. All units individually metered for electric and gas. Owner pays WST. 100% 1 bed/1 bath units. Ready for renovation - 4 units vacant - 4 units MTM under market rent and have been served notice to vacate by 4/30/24.
Details
Maps
Contract Info
Current Price: $1,599,900
List Price: $1,599,900
Status: Active
List Date: 2024-04-02
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 405
Compass: S
Street Name: PRIEST
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Country: USA
County Code: Maricopa
Legal Description (Abbrev): JO-ELLEN HOMES MCR89/04 S2 LOT 8 TOG WI S2 TH PT ABAND PRIEST AVE LY ADJ ON W DAF BEG SW COR LOT 8 T
Subdivision: JO-ELLEN HOMES
Assessor's Map #: 28
Assessor's Parcel #: 31
Assessor Parcel Ltr: B
Add'l Parcels: Yes
Assessor Number: 124-28-031-B
Legal: JO-ELLEN HOMES MCR89/04 S2 LOT 8 TOG WI S2 TH PT ABAND PRIEST AVE LY ADJ ON W DAF BEG SW COR LOT 8 T
Census Tract: 318800
Tax Municipality: Tempe
Taxes: 1930
Tax Year: 2023
Marketing Name: Priest 8
General Property Description
Lot Size Dimensions: 13461
Year Built: 1961
Uncvrd Parking Spcs: 8
Total # of Units: 8
# of Buildings: 2
Zoning: R-4
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Remarks & Misc
Geo Lat: 33.4261
Geo Lon: -111.960548
Status Change Info
Status Change Date: 2024-04-04
Legal Info
Township: 1N
Range: 4E
Section: 16
Lot Number: 8
Income & Expenses
Owner Association: No
Operating Exp: 1930
Pmt & Rate Info
Equity: 1599900
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 8
Avg Rent: 850
Avg SqFt: 650
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher
Heating: Heat Pump
Cooling: Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking: Street Parking; Add'l Parking Avail
Roads/Streets: Gravel
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Provided by Owner
Special: Owner/Agent
Lockbox Type: Mech-box / Combo
New Financing: Cash; VA; FHA; Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: Gentry Real Estate
Last Updated: April - 05 - 2024
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