Tempe, AZ 85281,828 W 2ND Street
Tempe, AZ 85281,828 W 2ND Street
Tempe, AZ 85281,828 W 2ND Street
$700,000
Est. payment /mo
$719,000
2.6%
Est.Price: ?

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SOLD DATE : 03/19/2021

Key Details

Sold Price $700,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Monterrey Village Plat 3 Unit 2

MLS Listing ID 6172846

Sold Date 03/19/21

Maintenance Fees $3,000

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1963

Annual Tax Amount $1,772

Tax Year 2020

Lot Dimensions 6853

Property Description

Welcome to Monterrey Village Place Apartments. This fully occupied apartments are all two bedroom 1 bath all with private yards and parking. Corner lot with a new block wall. All units have been updated with Ikea kitchens and some units have new flooring. The property has a washer and dryer that are leased on site. Property is self managed and rents are below market from the 600-850 range current cap is around a 3.74. Market rents are 1,100-1,250 proforma cap 5.73 after raised rents. Property is close to Tempe Town Lake ASU and freeways.
All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unware of sale.

Location

State AZ

County Maricopa

Community Monterrey Village Plat 3 Unit 2

Zoning R-3

Interior

Flooring Ceramic Tile, Vinyl, Wood, Concrete

Exterior

Parking Features 1 Space/Unit, Common

Roof Type Foam

Total Parking Spaces 8

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Tempe Union High School District

Others

Senior Community No

Tax ID 124-31-120

Acceptable Financing CTL, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms CTL, Conventional, 1031 Exchange, FHA, VA Loan

Financing VA

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Arizona Regional MLS (ARMLS)
Listed by Grace CRE
Bought with Two Brothers Realty & Co

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Kodi Riddle

+1(480) 624-8019

Associate Broker / Owner | License ID: BR514965000

Associate Broker / Owner License ID: BR514965000

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