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1817 E Randall Drive

Tempe, AZ 85281
  • $899,000
  • STATUS: Active
  • ON SITE: 72 Days
  • MLS #: 6489534
UPDATED: 12 min ago
$899,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Randall Terrace Lots 6 & 7
Type:
Multi-Family
Built:
1959
County:
Maricopa
Area:
Tempe

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Description

Best buy near ASU! Several recent upgrades for this value-add opportunity. Long-term local owner. Seller Financing available, but not required, at 7% interest-rate with up to a 30 year term. Sale includes two parcels. This complex is not typical, lots of upside. Unit 1-Studio/1 BA 529 SF-Rent $1200 (just upgraded w/ SS appl). Unit 2 -3+BR/2BA 1,044 SF-Rent $2,000 (upgrading 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, will need upgrading). All month-to-month leases! New Roof. Utilities are mastered/seller paid with two HVAC units & wall units to supplement. Please do not bother the tenants-showings in escrow.

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Arizona Regional MLS logo© 2023 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 2023-01-27T18:18:37.547.
www.yournextphoenixhome.com/homes/134793287
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1817 E Randall Drive Tempe, AZ 85281

  • Price: $899,000
  • Status: Active
  • On Site: 72 Days
  • Updated: 12 min ago
  • MLS #: 6489534
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1959
Built
Neighborhood:
Randall Terrace Lots 6 & 7
County:
Maricopa
Area:
Tempe
Property Description
Best buy near ASU! Several recent upgrades for this value-add opportunity. Long-term local owner. Seller Financing available, but not required, at 7% interest-rate with up to a 30 year term. Sale includes two parcels. This complex is not typical, lots of upside. Unit 1-Studio/1 BA 529 SF-Rent $1200 (just upgraded w/ SS appl). Unit 2 -3+BR/2BA 1,044 SF-Rent $2,000 (upgrading 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, will need upgrading). All month-to-month leases! New Roof. Utilities are mastered/seller paid with two HVAC units & wall units to supplement. Please do not bother the tenants-showings in escrow.
Exterior Features

Construction Slump Block Construction Finish Painted Covered Parking Spaces 6.00 Exterior Amenities Cable Tv AvailableDesert LandscapingOther (See Remarks)Partially FencedPatio/BalconySecurity Light(S)Separate Storage 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 TileOtherVinyl Heating ElectricHeat PumpNatural GasSee Remarks 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 63270.00 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 1200.00 Efficiency Units 1 Electric Srp Gas Sw Gas Gross Annual Sch Inc 66000.00 Hoa YN No Net Operating Income 45400.00 New Financing Other (See Remarks)Seller May Carry Operating Exp 20204.00 Other Income 600.00 Other Type Other (See Remarks) Owner Pays ElectricGasSee RemarksSewerWater 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 2204.00 Tenant Pays Cable TvOther (See Remarks) Totl Mnth Rntal Inc 5500.00 Vacancy Allowance 0.05 Water City Franchise Zoning Residential

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Arizona Regional MLS logo© 2023 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 2023-01-27T18:18:37.547.
 
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