522 W 9th Street, Tempe, AZ 85281

$1,150,000
List Price
$1,150,000
Status
ACTIVE
Days on Market
20
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.

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
Zoning
R-2
Subdivision
Mitchell Sub
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

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of West USA Realty.

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