1244 N Rose Street, Tempe, AZ 85288

$1,690,000
List Price
$1,690,000
Status
ACTIVE
Price Change
▼ $110,000 1675108696
Days on Market
19
MLS#
6508373
City
Tempe
Year Built
1969

Property Description

DEVELOPMENT OPPORTUNITY! Fully renovated 5 plex with great unit mix, large backyards and room to develop 2 additional large units per current zoning. Four 2 bed 1 bath units (two duplexes) and one 3 bed 2 bath SFR fully occupied grossing $8,240/mo. All units have beeb fully gutted inside and out and all systems replaced. 4 new HVAC units, all New Roofs, All new electrical panels, all new windows, and entire interiors. Over $600,000 spent on this property.

Additional Information

Gross Annual Sch Inc
98880
Adjusted Gross Inc
95913
Taxes
$2,880
Annual Water Sewer Exp
1800
Operating Exp
4680
Net Operating Income
$91,233
Units
5
Project Type
5 - 12 Units
Construction
Block
Roofing
Comp Shingle, Foam
Parking
>1 Space Per Unit
Cooling
2 or More Units, Ceiling Fan(s), Central A/C
Heating
2 or More Units, Central
Floors
Ceramic Tile, Vinyl
Exterior Amenities
Fenced
Zoning
R-2
Subdivision
North Tempe 2
Community Amenities
No Pool
Electric
SRP
Gas
City Gas
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Cable TV, Electric, Gas, Sewer, Trash, Water
New Financing
1031 Exchange, Conventional, CTL, Trade, VA, Wraparound
School District
Tempe Union High School District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty Phoenix.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved.