14 Units , 4 buildings single story all 1bed/1bath. Owner has been hands on since he bought in 1989. Roofs on 3 out of 4 buildings are 50 year with 10 years left. 4th Roof has 10 years left per inspector. All AC units are 2005 regularly maintained. Desert landscape separating buildings, 10 Units have private walled patio's. Covered parking with Dusk/Dawn lighting, 1 carport per Tenant. Tenants each pay for gas water heater gas and APS for all units: heat pumps, microwaves, electric glass top stoves(915 & 921 (6) units, dishwasher. 903-909 (8 units generally have separate wall ovens and stove tops.) All Water pipes are copper. New electric panels installed 2014 for all 14 units. Victoria Style Bath with Moen Fixtures. Buyer to verify all items prior to end of due diligence period
Age: Over 50 Years Old
Amenities: Patio, Security System, Security System
Great opportunity, walking to Mill Ave and ASU. Two separate lots with 6 and 3 units. 8 - 1 bed/1 Bath and 1 studio. The lot with 3 units now with studio has opportunity to join front two units and build three new units on the rear of the lot. Individually metered for gas and electric. Desert landscape, property well maintained by same owner since 1975. Owner also has 14 units for sale at 903-920 S Farmer Ave Tempe(see attachment for flyer) and 6 units next store with close of sale Jan 2016. Opportunity for 29 units total. Buyer to verify all financials, property facts and figures during due diligence period
Location, Clean. 6 Units walking distance to Mill Ave and Arizona State University. Two Buildings on one parcel two units one story and two story 4 Plex. All Units 1 Bed 1 Bath with opportunity to add a second bed to one of the 1 story units. 100% occupied with rents at Market. 4 Units feature desirable two story with living down and bedroom up including hip industrial staircase. Roof for 1 story is a 25 year laminated /3D installed 1994. The roof on the two story is flat Tuff Foam roof system installed June 2001. 5 A/C heat pumps installed 2013. This property could be purchased alone or with 1218 (6 units) and 1222 (3 Units) next door. Close of Escrow for 1214 S Farmer Ave. only After Jan 2 2016. The information above has been obtained from sources believed reliable. While we do not doubt
Long term tenants! Super low turnover! Desert Landscaping! Newer HVACs & Electric! Easy Keeper! One tenant takes care of the landscaping for a $50 per month rent reduction! Two units share the storage area! Buyer to verify all items during the due diligence period.
WOW!!!The seller is motivated and it's in Tempe!!! This property currently has one vacant unit 1 leased at 425,475,450. Other unit will be rented soon. This property is all block construction and very low costs to maintain. Roof has just been rolled again and all units have tile. This is great rental and nice and close to ASU and the light rail. Seller is selling at loss so grab this one before it's gone!!! All facts and figures are approximate buyer verify MLS info.
NOW FULLY OCCUPIED. What a great location for this investment opportunity. Minutes north of ASU and Tempe Town Lake. Just south of Old Town Scottsdale and all it has to offer. This is a detached duplex with seperate meters and addresses. The unit on Tempe Dr is a 2/1 currently rented for $640/month, tenant pays utilities. Long term tenant that would like to stay. The Esther unit is a 3/1,recently rehabbed. New flooring throughout, new roof and awning, and all new cabinents. This unit is now rented at $750/month for 24 month with the tenant paying all the utilities
WOW! A 6.97 cap rate in Tempe!!This sale includes 1103 & 1109 S. Hazelton!! Lot 23 & Lot 24: APN 132-67-024 & 132-67-023. No deferred maintenance. Minutes from ASU, Tempe Town Lakes & the Light Rail. Built in 1977 and updated over the past several years. Property has been well maintained with annual roof and AC inspections. Please do not disturb tenants, drive by only.