URBAN INFILL DEVELOPMENT OPPORTUNITY****Incredible opportunity for an Investor or Developer to pick up a corner commercial building with existing revenue stream, on a major intersection, for a song and a dance. PRIME Tempe location adjacent to light rail (check availability of Public funds for neighborhood revitalization within 1 mile of lightrail). Right around the corner from ASU and SunDevil's Stadium. Next to major freeways. Lots of MIXED USE retail in the area. Building is currently leased till July 2015, with a renewal coming up shortly. Once renewed, Buyer will have to honor additional 2 year lease. Developers, ACT NOW or buy and hold for a later development focus. Contact Listing agent for NDA for details.
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
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.
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
Multi-family property in highly desired Tempe.This well built, updated block duplex sits on two lots, leaving plenty of room to expand. Sale includes 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 with dual pane, low E tinted windows, awnings, easy care commercial flooring, six panel doors, kitchen cabinets, wood shutters, security doors, and Corian/tile countertops. Property has been well maintained with annual roof and AC inspections. Please do not disturb tenants, drive by only.