1114 S Farmer Avenue Tempe, AZ
$ 550,000
Property Attributes
  • MLS#5721545
  • TypeMulti-Family
  • CountyMARICOPA
  • CityTempe
  • NeighborhoodVal Verde Plat 1
  • Zip85281
  • Style
  • Year Built1945
  • Taxes2357
  • Price$ 550,000
  • Bedrooms5
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2299
Listing Provided Courtesy Of:
My Home Group Real Estate, LLC
Property Description

HOT INVESTOR OPPORTUNITY!! One of the most desirable areas in Tempe!! This property is zoned R-3 for multi-family development. There are TWO HOMES on the lot. Main house, 1114 Farmer is updated. 3bed/1 bath 1469 sq/ft and a private yard. Rear house, 1116 Farmer is like NEW!! Built 2016 2bed/2bath 839 sq/ft and private yard. Both houses on separate meters. Both properties have TWO parking spaces. TURN KEY investment. This area is BOOMING with multifamily developments being built up. Both houses currently rented for $1500 a month. INSTANT cash flow! 1/2 Mile fro ASU and Downtown Tempe. HOME IS CURRENTLY OCCUPIED BY TENANTS. DO NOT DISTURB. LEASE ENDS JULY 31.

Elementary School Middle School High School
Holdeman Elementary School Gililland Middle School Tempe High School
Price History
2/9/2018 Listed $550,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 1500.00
3 Bedrooms Units: Avg Rent 1500.00
3 Bedrooms Units: Avg Sqft 1460
4 Bedrooms Units: Avg Rent 0.00
Construction Block, Frame - Wood
Listing Status Active
Net Income 35685.00
New Financing FHA, Conventional, VA
Owner Pays None
Property Type F
School District 003 - Tempe School District
Subdivision Y/N VAL VERDE PLAT 1
Tenant Pays Water, Sewer, Electric, Gas, Trash, Cable TV, Other (See Remarks)
Type ER
Year Built 1945
Zoning RES

Interior Features

2 Bedroom Units: # 2 Bedroom Units 1
2 Bedroom Units: # Baths 2
2 Bedroom Units: Avg Sqft 839
3 Bedrooms Units: # 3 Bedroom Units 1
3 Bedrooms Units: # Baths 1
Appliances Included BI Oven/Range, Refrigerator, Dishwasher, Disposal, Microwave, W/D Hookup, Other (See Remarks)
Cooling Electric Refrigeratd
Electric APS
Floors Concrete, Other (See Remarks), Vinyl/Composition
Gas Individual Meter, SW Gas
Heating Electric, Gas, Other (See Remarks)
Interior Features Shutters, Fire/Smoke Alarm(s)
Total Number of Units 2.00

Exterior Features

Sale Includes Land & Building
Complex Features No Pool
Const - Finish Painted
Covered Parking Spcs 0.00
Exterior Features Landscape Wtr System
Lot Size Dimensions 50X130
Parking Other (See Remarks), >1 Space Per Unit
Roof Comp Shingle, Metal
Sewer Sewer - Public
Total Parking Spcs 4.00
Water City Franchise, Individual Meter


  • 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

AVG $1.47M
AVG $2,312
AVG 48
Year Built
AVG 1972
AVG 69

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