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Address
1106 E Weber Drive, Unit 1033 Tempe, AZ
Price
$ 7,950,000
Property Attributes
  • MLS#5919981
  • TypeMulti-Family
  • CountyMARICOPA
  • CityTempe
  • NeighborhoodNewport At Tempe
  • Zip85281
  • Style
  • Year Built2017
  • Taxes56944
  • Price$ 7,950,000
  • Bedrooms51
  • Full Bathrooms595
  • Half Bathrooms0
  • Sqr Footage29529
Listing Provided Courtesy Of:
ABI Multifamily
Property Description

The Newport, located at 1106 East Weber Drive in Tempe, AZ is a single-family community offering of 17 out of 38 detached homes. The property was constructed between 2015 - 2018, with 15 of 17 units fully furnished and master-leased for the next four years at $3,050 per unit per month. As such, investors have an opportunity to acquire a 'no-hassle,' Class ''A'' pride-of ownership community, located between ASU and Old Town Scottsdale. The 17 residences are 100% leased / occupied and include four separate and unique floor plans with either Two Bedrooms + Den (6%) or Three Bedrooms + Den (94%) and average over 1,700 square feet.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
5/2/2019 Listed $7,950,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 3024.00
3 Bedrooms Units: Avg Sqft 1737
4 Bedrooms Units: Avg Rent 0.00
Construction Frame - Wood
Features Pool(s), Spa(s), Heated Spa(s), Heated Pool(s)
Listing Status Active
Map Code/Grid Q37
Net Income 478256.00
New Financing Other (See Remarks)
Owner Pays Water, Sewer, Electric, Gas, Trash, Cable TV
Property Type F
School District 003 - Tempe School District
Subdivision NEWPORT AT TEMPE
Tenant Pays None
Type ER
Unit Number 1033
Year Built 2017
Zoning R1-PAD

Interior Features

3 Bedrooms Units: # 3 Bedroom Units 17
3 Bedrooms Units: # Baths 35
Appliances Included BI Oven/Range, Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer
Cooling Electric Refrigeratd, Individual
Electric SRP
Floors Carpet, Ceramic Tile
Gas SW Gas
Heating Electric
Interior Features Furnished, Fire Sprinklers, Fire/Smoke Alarm(s)
Total Number of Units 17.00

Exterior Features

Public Remarks The Newport, located at 1106 East Weber Drive in Tempe, AZ is a single-family community offering of 17 out of 38 detached homes. The property was constructed between 2015 - 2018
Sale Includes Land & Building, Personal Property, Pool Equipment
Const - Finish Painted, Stucco, Siding
Covered Parking Spcs 34.00
Exterior Features Landscape Wtr System, Green Landscaping, Desert Landscaping, Patio/Balcony
Lot Size Dimensions 23726
Parking Garage
Roof Foam, Metal, Rolled
Sewer Sewer - Public
Total Parking Spcs 39.00
Water City Franchise, Individual Meter

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85281

Price
AVG $2.46M
$7.95M
Taxes
AVG $16,227
$56,944
Visits
AVG 242
58
Year Built
AVG 1971
2017

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