141 W 9th Street, Tempe, AZ 85281

$1,500,000
List Price
$1,500,000
Status
ACTIVE
Days on Market
46
MLS#
6423390
City
Tempe
Lot Size
3
Year Built
1921

Property Description

Location, location Location! This prime property is walking distance to ASU, Gammage & downtown Tempe! Excellent value add opportunity or redevelopment opportunity as you can't beat this popular location! OR live in the large main home & then have the rent from the other 3 units help pay your mortgage! This classic property, which may be eligible to be on the city's historic property registry, consists of 4 units total with 2 separate buildings: One 3 bed 2 bath home with 2 car garage with a 1 bed 1 bath unit above the garage, plus a 2 bed 2 bath home with a studio unit on the back side. The adjacent property lot at 905 S Ash Ave is also available & may be sold together or separately. If purchased together, that would make 7 units total between the two properties!

Additional Information

Gross Annual Sch Inc
71748
Adjusted Gross Inc
68160
Taxes
$4,238
Annual Ins Exp
3200
Annual Mgmt Exp
5432
Annual Maint Exp
5000
Annual Elec Exp
5086
Annual Gas Exp
1244
Annual Water Sewer Exp
2950
Annual Landscape Exp
1680
Annual Other Exp
1500
Operating Exp
30330
Net Operating Income
$37,830
Units
4
Project Type
Four Plex
Construction
Block
Roofing
Comp Shingle
Parking
Garage, Street Parking
Cooling
Central A/C
Heating
Electric
Floors
Carpet, Wood
Interior Amenities
Fire/Smoke Alarm(s), Unfurnished
Exterior Amenities
Green Landscaping, Patio/Balcony
Zoning
R3
Subdivision
Gage Add 22, 27
Community Amenities
No Pool
Electric
SRP
Gas
SW Gas
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
None, Other (See Remarks)
New Financing
Conventional, Seller May Carry
Elementary School
Tavan Elementary School
High School
Tempe High School
School District
003 - Tempe School District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Rosenbaum Realty Group.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved.