Life Real Estate


$915,000
1019 E TEMPE Drive
Tempe, AZ 85281
MLS# 6191254



1019 E TEMPE Drive, Tempe, AZ 85281
  1 / 20  
1019 E TEMPE Drive, Tempe, AZ 85281 1019 E TEMPE Drive, Tempe, AZ 85281 1019 E TEMPE Drive, Tempe, AZ 85281 1019 E TEMPE Drive, Tempe, AZ 85281 1019 E TEMPE Drive, Tempe, AZ 85281 1019 E TEMPE Drive, Tempe, AZ 85281 1019 E TEMPE Drive, Tempe, AZ 85281 1019 E TEMPE Drive, Tempe, AZ 85281 1019 E TEMPE Drive, Tempe, AZ 85281 1019 E TEMPE Drive, Tempe, AZ 85281 1019 E TEMPE Drive, Tempe, AZ 85281 1019 E TEMPE Drive, Tempe, AZ 85281 1019 E TEMPE Drive, Tempe, AZ 85281 1019 E TEMPE Drive, Tempe, AZ 85281 1019 E TEMPE Drive, Tempe, AZ 85281 1019 E TEMPE Drive, Tempe, AZ 85281 1019 E TEMPE Drive, Tempe, AZ 85281 1019 E TEMPE Drive, Tempe, AZ 85281 1019 E TEMPE Drive, Tempe, AZ 85281 1019 E TEMPE Drive, Tempe, AZ 85281

Property Description
T EMPE D R I V E is a six-unit apartment community located northeast of the intersection of Scottsdale and Curry Roads offering outstanding mobility throughout the city of Tempe's thriving economic and academic landscape with expanded reach to South Scottsdale and Mesa's growing accommodations. Located north of Tempe Town Lake, residents have access to one of Arizona's most diverse economic corridors featuring employers such as State Farm, Freedom Financial Network, JPMorgan Chase, Northern Trust, and ADP. Developed in 1955, the property features one-bedroom, one-bath floor plans averaging 448-square feet. Future ownership will have the opportunity to renovate all six unit interiors with in-suite laundry to realize a monthly premium of $100. See doc tab for rent analysis/projections

Details
Maps
Contract Info
Current Price: $915,000
List Price: $915,000
Status: Active
List Date: 2021-02-05
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: Q37
House Number: 1019
Compass: E
Street Name: TEMPE
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 1736
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 142 NORTH TEMPE MCR 003850
Subdivision: NORTH TEMPE
Assessor's Map #: 12
Assessor's Parcel #: 142
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 132-12-142-A
Legal: LOT 142 NORTH TEMPE MCR 003850
Census Tract: 318400
Tax Municipality: Tempe
Taxes: 2287
Tax Year: 2020
Marketing Name: Tempe Drive
General Property Description
Apx Lot Size Range: IRR
Year Built: 1955
Uncvrd Parking Spcs: 6
Total # of Units: 6
# of Buildings: 1
Zoning: R-2
Elem School Dist #: 003 - Tempe School District
High School Dist #: 213 - Tempe Union High School District
Remarks & Misc
Cross Street: Scottsdale Road & McKellips Road
Directions: Take Scottsdale Rd to Tempe Drive. Go east a few blocks to property, on corner.
Geo Lat: 33.441971
Geo Lon: -111.923771
Status Change Info
Status Change Date: 2021-02-07
Legal Info
Township: 1N
Range: 4E
Section: 11
Lot Number: 142
Income & Expenses
Annual Ins Exp: 1634
Annual Landscape Exp: 1200
Annual Legal & Acctg: 1200
Annual Maint Exp: 2250
Annual Mgmt Exp: 2763
Annual Wtr/Swr Exp: 3158
Owner Association: No
Annual Rplcmnt Rsrvs: 1500
Annual Other Expense: 1530
Operating Exp: 17522
Gross Annual Sch Inc: 57840
Other Income: 900
Vacancy Allowance: 0.05
Adjusted Gross Inc: 55803
Net Operating Income: 37632
Pmt & Rate Info
Cap Rate: 4.11
Equity: 915000
Showing Instructions
To Schedule Showing: Contact Via Text
Primary Showing Contact: Listing Agent
ARMLS Lockbox: No
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 803
Avg SqFt: 448
# Baths: 1
Contact Info
List Agent Cell Phn: 480-773-2183
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Rolled
Floors: Vinyl/Composition; Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Green Landscaping; Desert Landscaping
Interior Amenities: Unfurnished
Appliances Included: BI Oven/Range; Refrigerator
Heating: Electric; 2 or More Units; Other (See Remarks)
Cooling: Electric Refrigeratd; Evaporative; Individual; Central A/C; 2 or More Units
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Master Meter
Parking: Carport; Street Parking; 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Water; Gas; Trash Collection
Tenant Pays: Electric; None
Source of Fincl Data: Provided by Owner; Projected Proforma
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Reports/Disclosures: Seller Prop Disc Stm; None
Environmental: None

Listing Office: Corcoran Platinum Living

Last Updated: February - 07 - 2021

1019 E TEMPE Drive, Tempe, AZ 85281 - MLS# 6191254

Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Sunday 11th of April 2021 07:09 AM

error: Content is protected !!
Scroll to Top