x
Address
1218-1222 S Farmer Avenue Tempe, AZ
Price
$ 1,485,000
Property Attributes
  • MLS#5927139
  • TypeMulti-Family
  • CountyMARICOPA
  • CityTempe
  • NeighborhoodState College Homes Lots 30-40
  • Zip85281
  • Style
  • Year Built1947
  • Taxes4367
  • Price$ 1,485,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage4544
Listing Provided Courtesy Of:
Grace CRE
Property Description

We are pleased to announce State College Home Apartments. 9 units walking distance to ASU and Mill Ave. These apartments have nice updates of new exterior paint & brand new landscaping. Two separate lots with 6 & 3 units. Individually metered for gas & electric.Some have newer windows floors and bathrooms and most kitchens have been updated about 10 13 years ago. Also there is room in the back lot where you can build 2 to possible 3 more units. Parking in the front and back as well as covered parking. (8) one bedroom & (1) studio. Amazing value add with rents not being raised in over 10 years. Existing washer and dryer onsite coin operated. Most units are large enough to add stack able washer and dryer units. All facts & figures are approximate buyer verify MLS info Drive by only

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
5/17/2019 Listed $1,485,000

General Features

1 Bedroom Units: Avg Rent 950.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Features Other (See Remarks)
Listing Status Active
Map Code/Grid R36
Net Income 70496.00
New Financing Conventional
Owner Pays Water, Sewer, Trash, Landscaping
Property Type F
School District 003 - Tempe School District
Subdivision State College Homes Lots 30-40
Tenant Pays Electric, Gas, Cable TV
Type ER
Year Built 1947
Zoning c-3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 8
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 568
Appliances Included BI Oven/Range, F/S Oven/Range, Refrigerator, Dishwasher, Microwave
Cooling Individual
Electric APS, Individual Meter
Floors Carpet, Vinyl/Composition
Gas Individual Meter, SW Gas
Heating Individual
Total Number of Units 9.00

Exterior Features

Public Remarks We are pleased to announce State College Home Apartments. 9 units walking distance to ASU and Mill Ave. These apartments have nice updates of new exterior paint & brand new landscaping. Two separate l
Sale Includes Land & Building
Const - Finish Painted
Covered Parking Spcs 9.00
Exterior Features Other (See Remarks)
Lot Size Dimensions 19000 sq
Parking 1 Space/Unit
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 24.00
Water Master 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 $2.03M
$1.49M
Taxes
AVG $11,663
$4,367
Visits
AVG 139
55
Year Built
AVG 1978
1947

Looking for more comfortable experience?

Check out our mobile application and browse the properties as no other.