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    845 W 1ST Street

    Tempe, AZ 85281
    • $780,000
    • STATUS: Active Under Contract
    • ID#: 6303383
    Under Contract
    UPDATED: 11 min ago
    $780,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    845 West 1st Street consists of (4) 1-bedroom units in a mid-century, block-constructed, single-story building. This value-add opportunity is one that is hard to pass up. 845 West 1st Street is a single story, 4-unit apartment building located in the heart of Tempe, just west of the Arizona State University's Tempe Campus. The Property is walking distance from the Mill Avenue corridor as well as Tempe Town Lake. The property lies within a mile of the nearest Light-Rail station located off of 3rd and Mill.

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    © 2021 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 Luxury Group - Realty Executives Arizona Properties. Data last updated 2021-10-25T09:11:59.177.
    www.luxurygroupaz.com/homes/122128026
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    845 W 1ST Street Tempe, AZ 85281

    • Price: $780,000
    • Status: Active Under Contract
    • Updated: 11 min ago
    • ID#: 6303383
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1964
    Built
    Neighborhood:
    Monterrey Village No. 3 Unit 1
    County:
    Maricopa
    Area:
    Tempe
    School District:
    003 - Tempe School District
    Property Description
    845 West 1st Street consists of (4) 1-bedroom units in a mid-century, block-constructed, single-story building. This value-add opportunity is one that is hard to pass up. 845 West 1st Street is a single story, 4-unit apartment building located in the heart of Tempe, just west of the Arizona State University's Tempe Campus. The Property is walking distance from the Mill Avenue corridor as well as Tempe Town Lake. The property lies within a mile of the nearest Light-Rail station located off of 3rd and Mill.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 4.00 Lot Size Dimensions 67.75 87.33 97.37 55.82 Parking 1 Space/UnitCarport Roads Asphalt Roofing Foam

    Interior Features

    1 Bedroom Unit Avg Sq Ft 520 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 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 Bi Oven/RangeDisposalMicrowaveRefrigerator Cooling Ceiling Fan(S)Evaporative CoolingWindow/Wall Unit Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Vinyl Heating Window/Wall Unit(S) Interior Amenities Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 955.00 1 Bedroom Units 4 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 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 54872.00 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas Other (See Remarks) Gross Annual Sch Inc 57360.00 Hoa YN No Net Operating Income 41046.00 New Financing Conventional Operating Exp 1600.00 Other Income 400.00 Owner Pays LandscapingSewerWater Payment Includes InterestPrincipal Project Type Four Plex Sale Includes Building(S) Only Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Tempe Taxes 1600.00 Tenant Pays Electric UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.05 Water City Franchise Zoning R-3

    Listing courtesy of Abi Multifamily.


    © 2021 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 Luxury Group - Realty Executives Arizona Properties. Data last updated 2021-10-25T09:11:59.177.
     
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