$1,150,000
Tempe, AZ 85281
MLS# 6662229
Status: UCB (Under Contract-Backups)
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Property Description
Two amazing homes on one parcel. with two addresses! One complete remodel and the other a new build. Great rental income with easy or almost no maintenance. Also easy to live in one and rent the other! Perfect location near ASU, freeways, restaurants, Owners had great income with yearly lease, but could net more as a short term rental. Main home (522 W 9th St) is 3 bed/2bath 1167 sf was completely remodeled with permits. Second home on same parcel was built in 2021 with permits and is a 2Bed/2bath with option to make it a 3 bed/3 bath. Nothing was left out.... even electric car chargers at both homes! See document page for all the upgrades and remodeling. No expense was spared to make this a one of a kind property! PLEASE DO NOT DISTURB TENANTS.
Details
Maps
Documents
Contract Info
Current Price: $1,150,000
List Price: $1,150,000
Status: UCB (Under Contract-Backups)
List Date: 2024-02-08
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 522
Compass: W
Street Name: 9TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5510
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 6 BLOCK 2 MITCHELL SUB MCR 003513
Subdivision: MITCHELL SUB
Assessor's Map #: 69
Assessor's Parcel #: 124
Add'l Parcels: No
Assessor Number: 124-69-124
Legal: LOT 6 BLOCK 2 MITCHELL SUB MCR 003513
Census Tract: 318900
Tax Municipality: Maricopa - COUNTY
Taxes: 2978
Tax Year: 2023
Marketing Name: Mitchell Sub
General Property Description
Lot Size Dimensions: 125' x 67'
Year Built: 1950
Uncvrd Parking Spcs: 5
Total # of Units: 2
# of Buildings: 2
Zoning: R-2
Flood Zone: No
Elementary School: Holdeman Elementary School
Jr. High School: Geneva Epps Mosley Middle 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: University Dr & Mill Ave
Directions: Head west to Roosevelt St. South to property on corner of Roosevelt and 9th Street.
TWO DETACHED HOMES WITH 2 SEPARATE ADDRESSES ON 1 PARCEL.
522 W 9th St *AND* 825 S Roosevelt
Geo Lat: 33.420869
Geo Lon: -111.947049
Status Change Info
Status Change Date: 2024-05-11
UCB or CCBS: UCB (Under Contract-Backups)
Legal Info
Township: 1N
Range: 4E
Section: 21
Block: 2
Lot Number: 6
Income & Expenses
Annual Gas Exp: 156
Annual Ins Exp: 1059
Annual Landscape Exp: 1600
Annual Wtr/Swr Exp: 1720
Owner Association: No
Operating Exp: 7513
Gross Annual Sch Inc: 66036
Adjusted Gross Inc: 66036
Net Operating Income: 56128
Pmt & Rate Info
Cap Rate: 4.88
Equity: 1150000
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 2350
Avg SqFt: 858
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 3275
Avg SqFt: 1167
# Baths: 2
Contact Info
List Agent Home Phn: 602-647-9328
Property Features
Project Type: Other (See Remarks)
Other Type: House + Rental Units
Construction: Block; Frame - Wood
Const - Finish: Painted; Stucco; Brick Trim/Veneer
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Amenities: Other
Exterior Amenities: Green Landscaping; Fenced; Cable TV Available; Patio/Balcony; Security Light(s)
Interior Amenities: Fire/Smoke Alarm(s); Security Alarm(s); Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Natural Gas; Individual; Heat Pump; 2 or More Units; ENERGY STAR Qualified Equipment
Cooling: Ceiling Fan(s); Electric; Heat Pump; Individual; Central A/C; 2 or More Units
Water: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking: Garage; Carport; Street Parking; >1 Space Per Unit; Attached; Add'l Parking Avail; Free; Paved Parking
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s); Alley
Owner Pays: Water; Gas; Trash Collection; Cable TV
Tenant Pays: Water; Sewer; Electric; Trash; Landscaping
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
New Financing: VA; Conventional; No Carry; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: Other (See Remarks)
Additional Information 
Listing Office: West USA Realty
Last Updated: May - 11 - 2024
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