$2,250,000 1027 W 5th Street Tempe, AZ

MLS: 5609005   Type: Multi-Family   County: Maricopa   City: Tempe   Zip: 85281     Taxes: $4,626

Mortgage $10,563 /mo



Half Baths

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Hard to find property in Coveted Tempe minutes from ASU. Many new zonings & improvements in area lots of new luxury condos nearby. Three adjacent lots 1.43 Acres must sell together (APN 124-36-013, APN 124-36-014,and APN 124-36-016) currently zoned R-3 up to 28 units could possibly be changed to R-4 zoning. Currently 15 houses & one duplex. Value is in the land. All improvements Convey as is. Please do not disrupt current tenants. Great opportunity for redevelopment.

Elementary School

Middle School

High School

Scales Technology Academy
Distance: N/A Miles
Click Here
Distance: N/A Miles
Distance: 1.29 Miles

Price History

5/22/2017 Listed $2,500,000
8/16/2017 6% - $2,350,000
10/10/2017 5% - $2,250,000

1 Bedroom Units: Avg Rent 500.00
2 Bedroom Units: Avg Rent 574.00
3 Bedrooms Units: Avg Rent 800.00
3 Bedrooms Units: Avg Sqft 800
4 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Sqft 0
Construction Block, Frame - Wood, Brick
Listing Status Active
Net Income 88005.00
New Financing Conventional, CTL, 1031 Exchange
Owner Pays Water, Trash, Sewer
Property Type F
School District 003 - Tempe School District
Tenant Pays Electric, Cable TV, Gas
Type ER
Year Built 1955
Zoning R3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 1
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 400
2 Bedroom Units: # 2 Bedroom Units 14
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 600
3 Bedrooms Units: # 3 Bedroom Units 2
3 Bedrooms Units: # Baths 1
4 Bedrooms Units: # 4 Bedroom Units 0
4 Bedrooms Units: # Baths 0
Appliances Included F/S Oven/Range, Refrigerator
Cooling Central A/C, Window/Wall Unit, Evaporative
Electric APS
Floors Concrete, Vinyl/Composition, Ceramic Tile, Carpet
Gas SW Gas
Heating Electric, Wall Furnace, Ceiling Fan(s), Window/Wall Unit(s), Central, Gas
Total Number of Units 17.00

Exterior Features

Complex Features No Pool
Const - Finish Painted, Siding, Brick Trim/Veneer, Stucco
Covered Parking Spcs 3.00
Lot Size Dimensions 1.43 acres
Parking Paved Parking, >1 Space Per Unit
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 29.00
Water City Franchise

Property Schools

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Property vs Zip Code Avg (85281)

Price 2.25M Avg 1.73M

Sqr Feet 10,400 Avg 3,705

Cost / Sqr Ft $216 Avg $468

Taxes $4,626 Avg $2,766

Visits 117 Avg 46

Days on Site 181 Avg 61

Walkscore® 78 Avg 63

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Listing Provided Courtesy Of: Desert 2 Mountain Realty

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Location & Address

17235 N 75th Ave, Suite # C-190
Glendale, AZ