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427 W 5TH Street

Tempe, AZ 85281
  • $2,500,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 6462063
Price Reduced
UPDATED: 105 min ago
$2,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:
Area:

School Ratings & Info

School District:

Description

Prime Location! Urban touches. Attractive curb appeal! Heart of Tempe! Creative income producer surrounded by newly high end commercial development, and ASU main campus. Currently new commercial buildings being developed. This lot has 2 - 4-plex buildings and 1 single family home with an additional suite. Totaling 10 units. Community is surrounded by many attractions, entertainment, and art. Neighborhood traffic of tourist and college residents. Property is in the center of the Transportation Overlay district.

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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 2022-10-03T00:17:34.423.
www.yournextphoenixhome.com/homes/132976883
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427 W 5TH Street Tempe, AZ 85281

  • Price: $2,500,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 105 min ago
  • MLS #: 6462063
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1963
Built
Neighborhood:
orth sub
County:
Maricopa
Area:
Tempe
School District:
003 - Tempe School District
Property Description
Prime Location! Urban touches. Attractive curb appeal! Heart of Tempe! Creative income producer surrounded by newly high end commercial development, and ASU main campus. Currently new commercial buildings being developed. This lot has 2 - 4-plex buildings and 1 single family home with an additional suite. Totaling 10 units. Community is surrounded by many attractions, entertainment, and art. Neighborhood traffic of tourist and college residents. Property is in the center of the Transportation Overlay district.
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingPartially FencedSeparate Storage Lot Size Dimensions 167.7X100 Parking 1 Space/Unit Roads Dedicated Street Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 800 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 500 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeMicrowaveRefrigerator Cooling Ceiling Fan(S)Window/Wall Unit Efficiency Unit Avg Sq Ft 388 Efficiency Unit Baths 1 Floors Ceramic Tile Heating ElectricIndividual Interior Amenities Unfurnished

Property Features

1 Bedroom Unit Avg Rent 1300.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 1.00 2 Bedroom Units 1 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 122265.00 Annual Elec Exp 4500.00 Annual Gas Exp 2758.00 Annual Ins Exp 3679.00 Annual Landscape Exp 0.00 Annual Maint Exp 1200.00 Annual Mgmt Exp 0.00 Annual Other Expense 4160.00 Annual Ownr Asoc Fee 0.00 Annual Rplcmnt Rsrvs 6757.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 4200.00 Community Amenities No Pool Cross Street 5th St & S Wilson St Efficiency Unit Avg Rent 953.00 Efficiency Units 8 Electric Srp Gas Sw Gas Gross Annual Sch Inc 128700.00 Hoa YN No Net Operating Income 92569.00 New Financing Conventional Operating Exp 29696.00 Other Income 0.00 Other Type House + Rental Units Owner Pays GasWater Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Tempe Taxes 2442.00 Tenant Pays Electric Totl Mnth Rntal Inc 10725.00 Vacancy Allowance 0.05 Water City Franchise Zoning R3

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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 2022-10-03T00:17:34.423.
 
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