522 W 9th Street, Tempe, AZ 85281
- $1,000,000
- Sold Price
- $1,000,000
- List Price
- $1,150,000
- Status
- CLOSED
- Closing Date
- Jun 18, 2024
- Days on Market
- 132
- MLS#
- 6662229
- City
- Tempe
- Year Built
- 1950
Property Description
Two amazing homes on one parcel. with two addresses! One complete remodel and the other a new build. Great rental income with easy or almost no maintenance. Also easy to live in one and rent the other! Perfect location near ASU, freeways, restaurants, Owners had great income with yearly lease, but could net more as a short term rental. Main home (522 W 9th St) is 3 bed/2bath 1167 sf was completely remodeled with permits. Second home on same parcel was built in 2021 with permits and is a 2Bed/2bath with option to make it a 3 bed/3 bath. Nothing was left out.... even electric car chargers at both homes! See document page for all the upgrades and remodeling. No expense was spared to make this a one of a kind property! PLEASE DO NOT DISTURB TENANTS.
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Additional Information
- Taxes
- $2,978
- Net Operating Income
- $56,128
- Cap Rate
- 4.88
- Units
- 2
- Flooring
- Ceramic Tile, Vinyl
- Parking Features
- Paved Parking, Free, Add'l Parking Avail, Attached, >1 Space Per Unit, Street Parking, Common
- Construction
- Brick Veneer, Painted, Stucco, Block, Frame - Wood
- Roofing
- Composition
- Cooling
- 2 or More Units, Central A/C, Individual, Heat Pump, Electric, Ceiling Fan(s), ENERGY STAR Qualified Equipment
- Heating
- Individual, Heat Pump, 2 or More Units, Electric, Natural Gas
- Zoning
- R-2
- Subdivision
- Mitchell Sub
- Community Features
- Other
- Electric
- APS, Individual Meter
- Water
- City Franchise, Master Meter
- Sewer
- Sewer-In & Connected, Public Sewer
- Tenant Pays
- Trash Collection, Electricity, Water, Sewer, Landscaping
- New Financing
- No Carry, Conventional, 1031 Exchange, VA Loan
- Elementary School
- Holdeman Elementary School
- Middle School
- Geneva Epps Mosley Middle School
- High School
- Tempe High School
- School District
- Tempe Union High School District
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Listing courtesy of West USA Realty. Selling Office: Gold Trust Realty.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.