MLS® ID: 6002855

1211 W UNIVERSITY Drive

Tempe, Arizona, 85281

$1,149,727 Active
  • - SQFT
Solid Cash Flow Tempe Apartment Building Generating $63,235 NOI - Ready for new owner. (Great 1031 Placement Option) Located within a mile of ASU, Mill Ave and Tempe Town Area. 4,405 sq ft of living space across 5 units. Wholefoods just opened and area is bustling with new retail and development. Property has consistently performed well and had major renovation in 2017. There is still room for ''value-add'' here to further increase rents to market - to increase cash flow and market value in this high growth area of Tempe.First floor has a large 3bd/2bth apartment and a 2br/1bth apartment (cost per unit is not a viable measurement here). Second floor, surrounding the sundeck are three 2bd/1bth apartments that are fully remodeled and work well for the property.
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Listing courtesy of Rattler Realty, LLC

Amenities

  • Zip
    85281
  • Office name
    Rattler Realty, LLC
  • Subdivision
    WESTGATE SUB
  • Property type
    Multiple Dwellings
  • Zoning type
    R-3
  • School district
    003 - Tempe School District
  • Year built
    1971
  • Lot size
    74 x 104
  • Sewer
    Sewer - Public
  • Heating
    Electric,Heat Pump,Individual,Ceiling Fan(s)
  • Tax year
    0
  • Agent name
    Michael E Vallee
  • Tax amount
    $ 2959.4
  • Purchase Type
    Active
  • HOA fees
    $ 0.00
  • Price Range
    $1m-$1.25m
  • Area
    Tempe
  • Year Built Range
    1989 (and earlier)
  • Office ID
    ratt01
  • Agent ID
    mv431

Location

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