809 W 1st Street, Tempe, AZ 85281

$609,000
List Price
$609,000
Days on Market
27
Status
PENDING
MLS#
5980215
City
Tempe
Lot Size
4
Subdivision
Monterrey Village Plat 3 Unit 1
Year Built
1964

Property Description

Four on First is a four-unit apartment community located in the highly desirable North Tempe Submarket. Developed in 1964, the property is comprised of one single level building containing four units, composed of 100% two-bedroom one bath units. The apartment exterior showcases well maintained desertlandscaping facing First Street, and spacius corridors on either side of the building allowing for ease of access. A new investor can take advantage of the value add nature of the deal, realizing rental premiums of $100+ per unit after moderate renovatiuonsto the interior/exterior. Another potential source of revenue are the individual storage units: renting them out individually would create another source of revenue. Additionally, the availability of residential financing helps even further

Additional Information

Elementary School
Tempe Academy Of International Studies McKemy Campus
High School
Tempe Academy Of International Studies McKemy Campus
Middle School
Tempe Academy Of International Studies McKemy Campus
School District
213 - Tempe Union High School District
Construction
Slump Block
Cooling
Central A/C
Electric
APS
Exterior Amenities
Desert Landscaping, Cable TV Available, Separate Storage
Finish
Painted
Floors
Concrete, Ceramic Tile, Vinyl/Composition
Gas
SW Gas
Guest House Sq Ft
6
Heating
Gas, Individual
Interior Amenities
Unfurnished, Fire/Smoke Alarm(s)
Lot Size
4
New Financing
Conventional
Parking
Paved Parking, Street Parking, >1 Space Per Unit
Project Type
Four Plex
Roofing
Comp Shingle
Sewer
Sewer - Public
Pool
Yes
Subdivision
Monterrey Village Plat 3 Unit 1
Taxes
$1,511
Tenant Pays
Electric, Gas, Cable TV
Units
4
Water
City Franchise
Zoning
multi

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Platinum Living Realty.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved.