1222 S Farmer Avenue Tempe, AZ
$ 525,000
Property Attributes
  • MLS#5987918
  • TypeMulti-Family
  • CountyMARICOPA
  • CityTempe
  • NeighborhoodState College Homes Lots 30-40
  • Zip85281
  • Style
  • Year Built1947
  • Taxes2056
  • Price$ 525,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1136
Listing Provided Courtesy Of:
Grace CRE
Property Description

Three-plex within walking distance of ASU and Mill Ave! Two (2) one-bedroom units and one (1) studio.Leases on 2 of the units expire within the next 90 days. Minimal remodeling would increase rents in these units by 30 to 40%.!! Newly-painted exterior and new low-water, low-maintenance landscaping. One bedroom units are large enough to add stackable washer/dryer units. Individually metered for gas & electric. Huge backyard with artificial turf, but could also be developed to add 2, possibly 3, new units. Parking in the front, as well as covered parking in back. 1218 S. Farmer sale next door...6 units listed for $960,000. All facts & figures are approximate. Buyer to verify MLS info. Drive-by only, tenants are unaware of sale

Price History
10/5/2019 Listed $525,000

General Features

1 Bedroom Units: Avg Rent 1015.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Elementary School Other
Features Other (See Remarks)
High School Other
Map Code/Grid R36
Middle School Other
Net Income 26238.00
New Financing Conventional
Owner Pays Water, Sewer, Trash, Landscaping
Property Type F
School District 003 - Tempe School District
Status Active
Subdivision State College Homes Lots 30-40
Tenant Pays Electric, Gas, Cable TV
Year Built 1947
Zoning c-3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 2
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 568
Appliances Included BI Oven/Range, F/S Oven/Range, Refrigerator, Dishwasher, Microwave
Cooling Individual
Electric APS, Individual Meter
Floors Carpet, Vinyl/Composition
Gas Individual Meter, SW Gas
Heating Individual
Total Number of Units 3.00

Exterior Features

Sale Includes Land & Building
Const - Finish Painted
Covered Parking Spcs 3.00
Exterior Features Other (See Remarks)
Lot Size Dimensions 19000 sq
Parking 1 Space/Unit
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 6.00
Water Master Meter


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • 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 $1.38M
AVG $5,358
AVG 200
Year Built
AVG 1965

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