Address
1224 S Smith Road Tempe, AZ
Price
$ 395,000
Property Attributes
  • MLS#5705725
  • TypeMulti-Family
  • CountyMARICOPA
  • CityTempe
  • NeighborhoodMinutes From The Light Rail
  • Zip85281
  • Style
  • Year Built1963
  • Taxes1360
  • Price$ 395,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2576
Listing Provided Courtesy Of:
Century 21-Platinum Real Estate
Property Description

Cashflowing Fourplex for Sale right in the middle of Tempe. This fourplex is 100% occupied, conveniently located near Arizona State University (ASU) and walking distance to the Smith-Martin/Apache light rail stop. All four units are 2 bedrooms and 1 bathroom. All units renovated within last couple of years with tile and water heaters and air conditioning units. There are common laundry units to provide additional revenue, ask me how to expand that potential.. Currently, cash flowing well at a 6.5 CAP rate. Because all unit have tenants in place, please only drive by. No showings until accepted offer. Call me for details. Better hurry, this one is gonna go quick!

Elementary School Middle School High School
Flora Thew Elementary School Connolly Middle School McClintock High School
Price History
1/8/2018 Listed $395,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 663.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Brick
Listing Status Active
Net Income 25612.00
New Financing Conventional
Owner Pays Water, Sewer
Property Type F
School District 003 - Tempe School District
Subdivision Minutes from the Light Rail
Tenant Pays Electric, Cable TV
Type ER
Year Built 1963
Zoning MF

Interior Features

2 Bedroom Units: # 2 Bedroom Units 4
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 644
Appliances Included F/S Oven/Range, Refrigerator, Washer/Dryer
Cooling Electric Refrigeratd
Electric SRP
Floors Carpet, Ceramic Tile, Vinyl/Composition
Gas None
Heating Electric
Total Number of Units 4.00

Exterior Features

Sale Includes Land & Building, Laundry Equipment
Complex Features No Pool
Const - Finish Brick Trim/Veneer
Covered Parking Spcs 0.00
Exterior Features Cable TV Available
Lot Size Dimensions 67 x 108
Parking >1 Space Per Unit
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 4.00
Water City Franchise

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85281

Price
AVG $1.87M
$400K
Taxes
AVG $2,316
$1,360
Visits
AVG 48
11
Year Built
AVG 1976
1963
Walkscore
AVG 67
66

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