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Key Details
Sold Price $675,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision State Plat No 12 Amd
MLS Listing ID 6748206
Sold Date 10/11/24
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1955
Annual Tax Amount $1,353
Tax Year 2023
Lot Dimensions 74x96
Property Description
Charming 3-Unit Property in Downtown Tempe Prime Location: Nestled on a secluded street near Mill Avenue, this property offers the perfect blend of tranquility and urban convenience. Investment Opportunity: Situated in the heart of Downtown Tempe, this 3-unit property is a stone's throw away from Tempe Town Lake, the Light Rail Station, and the Trolley Car. Enjoy the vibrant activities of Downtown Tempe and the bustling Arizona State University campus. Property Features: Three One-Bedroom Units: Each unit boasts a ranch-style layout with upgraded kitchens, two skylights, and individual washers and dryers. Modern Amenities: Equipped with tankless water heaters, a new roof 8/24, and new air conditioning units 8/24. Long-Term Tenants: Residents typically stay for over five years, but the current one-year leases allow for a month-to-month option, making it ideal for an owner-occupant. Additional Opportunity: This property can be purchased together with the identical triplex next door at 509 West 2nd Street, creating a 6-unit package. Don't miss out on this unique investment opportunity in one of Tempe's most sought-after locations! Ready for FHA owner occupant, Seller willing to assist/negotiate with buyer closing cost.
Location
State AZ
County Maricopa
Community State Plat No 12 Amd
Zoning Industrial
Direction Wilson to 2nd Street in Tempe
Interior
Heating Heat Pump
Cooling Central A/C
Flooring Ceramic Tile, Concrete
Appliance Microwave, Washer/Dryer
Exterior
Garage >1 Space Per Unit
Community Features No Pool
Waterfront No
Roof Type Composition,Foam
Parking Type >1 Space Per Unit
Total Parking Spaces 6
Building
Sewer Public Sewer
Water City Franchise
Schools
Elementary Schools Scales Technology Academy
Middle Schools Connolly Middle School
School District Tempe Union High School District
Others
Senior Community No
Tax ID 124-32-044-E
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
Financing Cash
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Kodi Riddle
Associate Broker / Owner | License ID: BR514965000
Associate Broker / Owner License ID: BR514965000