x
Price Reduction
Address
1027 W 5Th Street Tempe, AZ
Price
$ 2,000,000
Property Attributes
  • MLS#5715626
  • TypeMulti-Family
  • CountyMARICOPA
  • CityTempe
  • Zip85281
  • Style
  • Year Built1955
  • Taxes4626
  • Price$ 2,000,000
  • Bedrooms38
  • Full Bathrooms18
  • Half Bathrooms0
  • Sqr Footage11200
Listing Provided Courtesy Of:
Desert 2 Mountain Realty
Property Description

Hard to find property in Coveted Tempe minutes from ASU. Many new zonings & improvements in area lots of new luxury condos nearby. Three adjacent lots 1.43 Acres must sell together (APN 124-36-013, APN 124-36-014,and APN 124-36-016) currently zoned R-3 up to 28. Currently 15 houses & one duplex. Value is in the land. All improvements Convey as is. Please do not disrupt current tenants. Great opportunity for redevelopment.

Elementary School Middle School High School
Scales Technology Academy Elementary School Unknown Middle School Tempe High School
Price History
1/14/2019 Listed $2,200,000
2/1/2019 10% - $2,000,000

General Features

1 Bedroom Units: Avg Rent 500.00
2 Bedroom Units: Avg Rent 574.00
3 Bedrooms Units: Avg Rent 800.00
3 Bedrooms Units: Avg Sqft 800
4 Bedrooms Units: Avg Rent 0.00
Construction Block, Frame - Wood, Brick
Elementary School Scales Technology Academy
High School Tempe High School
Listing Status Active
Map Code/Grid R36
Net Income 88005.00
New Financing Conventional, 1031 Exchange
Owner Pays Water, Trash, Sewer
Property Type F
Public Remarks Hard to find property in Coveted Tempe minutes from ASU. Many new zonings & improvements in area lots of new luxury condos nearby. Three adjacent lots 1.43 Acres must sell together (APN 124-36-013
School District 003 - Tempe School District
Tenant Pays Electric, Cable TV, Gas
Type ER
Year Built 1955
Zoning R3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 1
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 400
2 Bedroom Units: # 2 Bedroom Units 14
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 600
3 Bedrooms Units: # 3 Bedroom Units 3
3 Bedrooms Units: # Baths 1
Appliances Included BI Oven/Range, Refrigerator
Cooling Central A/C, Window/Wall Unit, Evaporative
Electric APS
Floors Concrete, Vinyl/Composition, Ceramic Tile, Carpet
Gas SW Gas
Heating Electric, Ceiling Fan(s), Wall Furnace, Window/Wall Unit(s), Gas
Total Number of Units 17.00

Exterior Features

Sale Includes Land & Building
Complex Features No Pool
Const - Finish Painted, Siding, Brick Trim/Veneer, Stucco
Covered Parking Spcs 3.00
Lot Size Dimensions 1.43 Acres
Parking Paved Parking, <1 Space Per Unit
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 29.00
Water City Franchise

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 $1.74M
$2M
Taxes
AVG $8,483
$4,626
Visits
AVG 209
130
Year Built
AVG 1963
1955
Walkscore
AVG 61
77