Prime Location! Urban touches. Attractive curb appeal! Heart of Tempe! Creative income producer surrounded by newly high end commercial development, and ASU main campus. Currently new commercial buildings being developed. This lot has 2 - 4-plex buildings and 1 single family home with an additional suite. Totaling 10 units. Community is surrounded by many attractions, entertainment, and art. Neighborhood traffic of tourist and college residents. Property is in the center of the Transportation Overlay district.
- Price:
- $2,750,000
- Year Built:
- 1963
- Listing ID #:
- 6462063
- Street Address:
- 427 W 5th St
- City:
- Tempe
- State:
- Arizona
- Postal Code:
- 85281
- County:
- Maricopa
- Subdivision:
- Orth Sub
- Listing Status:
- Active
- Listing Type:
- ResidentialMultiFamily
- Construction Description:
- Block
- Exterior Features:
- Desert Landscaping, Partially Fenced, Separate Storage
- Flooring:
- Ceramic Tile
- Interior Features:
- Unfurnished
- Number Of Units:
- 10.00
- Siding:
- Painted
- Type Of Roof:
- Comp Shingle
- Year Built:
- 1963
- Adjusted Gross Income:
- 122265.00
- Annual Electric Expenses:
- 4500.00
- Annual Gas Expenses:
- 2758.00
- Annual Insurance Expenses:
- 3679.00
- Annual Maintenance Expenses:
- 1200.00
- Annual Water/Sewer Expenses:
- 4200.00
- Net Operating Income:
- 92569.00
- Operating Expense:
- 29696.00
- Conforms To Zoning:
- R3
- Community Features:
- No Pool
- Included In Sale:
- Land & Building
- Terms:
- Conventional
- Owner Pays:
- Gas, Water
- Property Taxes:
- $2,442
- Tenant Pays:
- Electric
- Parking Description:
- 1 Space/Unit
- Parking Spaces:
- 8.00
- Appliances:
- F/S Oven/Range, Microwave, Refrigerator
- Cooling System:
- Ceiling Fan(s), Window/Wall Unit
- Electricity:
- Srp
- Existing Water:
- City Franchise
- Gas:
- Sw Gas
- Heating:
- Electric, Individual
- Sewage Type:
- Sewer - Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Darrian Owens with HomeSmart
