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1815-17 E Randall Drive

Tempe, AZ 85281
  • $899,000
  • STATUS: Active
  • ON SITE: 74 Days
  • MLS #: 6433789
UPDATED: 43 min ago
$899,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1959
County:
Area:

School Ratings & Info

Description

Value-add four unit that is less than a mile from ASU! Seller Financing considered at 7%, long-term, $265K minimum down. Sale includes two parcels APN 132-66-088 1817 E Randall APN 132-66-089 1815 E Randall. This complex is not typical, lots of upside. Unit 1-Studio/1 BA 529 SF-Rent $1000. Unit 2 -3+BR/2BA 1,044 SF-Rent $2,000 (pgrading in this unit). Unit 3 -1+BR/1BA 1,096 SF-Rent $1,300 (Kitchen/Bath/Living main level 696 SF w/ 2 BR sub-level 400 SF). Unit 4 -1BR/1BA 768 SF -Rent $1,000 (long-term tenant, in worst condition of 4)All month-to-month leases! New Roof. Utilities are mastered/seller paid with two HVAC units & wall units to supplement.Operating at just under a 5 CAP with very low rents & significant upside ahead. Showings in escrow-please do not bother the tenants.

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Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2022-09-27T09:16:47.44.
www.yournextphoenixhome.com/homes/130894960
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1815-17 E Randall Drive Tempe, AZ 85281

  • Price: $899,000
  • Status: Active
  • On Site: 74 Days
  • Updated: 43 min ago
  • MLS #: 6433789
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1959
Built
Neighborhood:
Randall Terrace Lots 6 & 7
County:
Maricopa
Area:
Tempe
School District:
213 - Tempe Union High School District
Property Description
Value-add four unit that is less than a mile from ASU! Seller Financing considered at 7%, long-term, $265K minimum down. Sale includes two parcels APN 132-66-088 1817 E Randall APN 132-66-089 1815 E Randall. This complex is not typical, lots of upside. Unit 1-Studio/1 BA 529 SF-Rent $1000. Unit 2 -3+BR/2BA 1,044 SF-Rent $2,000 (pgrading in this unit). Unit 3 -1+BR/1BA 1,096 SF-Rent $1,300 (Kitchen/Bath/Living main level 696 SF w/ 2 BR sub-level 400 SF). Unit 4 -1BR/1BA 768 SF -Rent $1,000 (long-term tenant, in worst condition of 4)All month-to-month leases! New Roof. Utilities are mastered/seller paid with two HVAC units & wall units to supplement.Operating at just under a 5 CAP with very low rents & significant upside ahead. Showings in escrow-please do not bother the tenants.
Exterior Features

Construction Brick Construction Finish Painted Covered Parking Spaces 6.00 Exterior Amenities Cable Tv AvailableFencedOther (See Remarks) Lot Size Dimensions 12162 Parking >1 Space Per UnitCarport Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 768 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 1096 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 1044 3 Bedroom Unit Baths 2 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeOther (See Remarks)Refrigerator Cooling 2 Or More UnitsCentral A/CElectricOtherSee RemarksWindow/Wall Unit Efficiency Unit Avg Sq Ft 529 Efficiency Unit Baths 1 Floors CarpetCeramic Tile Heating ElectricHeat PumpNatural Gas Interior Amenities BasementFire/Smoke Alarm(S)Other (See Remarks)Unfurnished

Property Features

1 Bedroom Unit Avg Rent 1000.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 1300.00 2 Bedroom Units 1 3 Bedroom Unit Avg Rent 2000.00 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 60990.00 Annual Land Lse Exp 0.00 Annual Legal And Acctg 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 18000.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Community Amenities No PoolOther Cross Street Apache & Mcclintock Efficiency Unit Avg Rent 1000.00 Efficiency Units 1 Electric Srp Gas Sw Gas Gross Annual Sch Inc 63600.00 Hoa YN No Net Operating Income 43000.00 New Financing 1031 ExchangeConventionalSeller May Carry Operating Exp 20219.00 Other Income 600.00 Other Type Other (See Remarks) Owner Pays ElectricGasSewerWater Project Type Four Plex Sale Includes Land & BuildingLaundry EquipmentOther (See Remarks) Sewer Sewer - Public Source Of Financial Data Other (See Remarks)Projected ProformaProvided By Owner Tax Municipality Tempe Taxes 2219.00 Tenant Pays Cable TvOther (See Remarks) Totl Mnth Rntal Inc 5300.00 UCB No Vacancy Allowance 0.05 Water City Franchise Zoning Residential

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Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2022-09-27T09:16:47.44.
 
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