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1301 W 3RD Street

Tempe, AZ 85281
  • $1,099,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 6388674
Price Reduced
UPDATED: 40 min ago
$1,099,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1979
County:
Area:

Description

Great Value-add opportunity with an increase in rents or simple renovation. Amazing 4-plex in prime Tempe location! Two 2/1 units and two 1/1 units. All 4 have front patios and the one-bedroom units have enclosed yards. Shared laundry room and parking in the back. Located on a nice street with lots of remodels, close to ASU campus, Carvana Headquarters, Phoenix Sky Harbor, 202 freeway, and potential Coyotes Arena. All 4 units are currently rented either month-to-month or leases ending soon. This property has potential for upgrades-and massive rent increases! Please do not disturb residents.

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© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Copa Team | The Maricopa Real Estate Company. Data last updated 2022-05-19T20:22:57.787.
www.findmaricopa.com/homes/128128059
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1301 W 3RD Street Tempe, AZ 85281

  • Price: $1,099,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 40 min ago
  • MLS #: 6388674
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1979
Built
Neighborhood:
Griffith Estates
County:
Maricopa
Area:
Tempe
Elementary School:
Scales Technology Academy
Middle School:
Gililland Middle School
High School:
Tempe Academy Of International Studies Mckemy Camp
School District:
003 - Tempe School District
Property Description
Great Value-add opportunity with an increase in rents or simple renovation. Amazing 4-plex in prime Tempe location! Two 2/1 units and two 1/1 units. All 4 have front patios and the one-bedroom units have enclosed yards. Shared laundry room and parking in the back. Located on a nice street with lots of remodels, close to ASU campus, Carvana Headquarters, Phoenix Sky Harbor, 202 freeway, and potential Coyotes Arena. All 4 units are currently rented either month-to-month or leases ending soon. This property has potential for upgrades-and massive rent increases! Please do not disturb residents.
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities FencedSeparate Storage Lot Size Dimensions 8359 Parking Paved Parking Roads Asphalt Roofing Other (See Remarks)

Interior Features

1 Bedroom Unit Avg Sq Ft 650 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 750 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Other (See Remarks)RefrigeratorWasher/Dryer Cooling Ceiling Fan(S)Central A/CElectric Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic TileVinyl Heating Electric Interior Amenities Unfurnished

Property Features

1 Bedroom Unit Avg Rent 925.00 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 975.00 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 44700.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 2460.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 1200.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 520.00 Annual Wtr Swr Exp 2000.00 Community Amenities No Pool Cross Street Priest & University Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas None Gross Annual Sch Inc 44700.00 Hoa YN No Net Operating Income 38520.00 New Financing Conventional Operating Exp 8176.00 Other Income 0.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Tempe Taxes 1996.00 Tenant Pays Electric Vacancy Allowance 0.00 Water City Franchise Zoning R3

Listing provided by Exp Realty: (480) 722-9800.


© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Copa Team | The Maricopa Real Estate Company. Data last updated 2022-05-19T20:22:57.787.
 
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The Copa Team | The Maricopa Real Estate Company
21300 N John Wayne Pkwy, Ste 101
Maricopa AZ, 85139-8964