1224 S Smith Road

    Tempe, AZ 85281
    • $719,000
    • STATUS: Active
    • ON SITE: 45 days
    • MLS #: 6066566
    $719,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1963
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Fully occupied 4plex, in heart of Tempe, located walking distance from Smith/Apache Light rail stop. All units are 2bed/1bath. All units have new kitchen cabinets, granite counter tops. All units feature in-unit laundry, with stackable washer-dryer. Exterior of building recently painted, 3 of units interior also got painted in last one year. All 4 units gets Section 8 assistance, monthly rent from City of Tempe is usually deposited 10 days before rent is due. Extra storage at back, that can be used for Coin laundry for extra income. No showing until accepted offer. Pictures taken when units were vacant. Currently drawing $4458 total monthly rent. 2 leases are month to month, one 10/31/20 and last is 12/31/20: Rents are : $1250, $1130, $1020, $1058 Buyer to verify all information

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    © 2020 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 Yost Realty Group at RE/MAX Casa Grande. Data last updated 2020-06-01T00:11:27.193.
    www.yosthomes.com/homes/105075573

    1224 S Smith Road Tempe, AZ 85281

    • Price: $719,000
    • Status: Active
    • MLS #: 6066566
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1963
    Built
    County:
    Maricopa
    Area:
    Tempe
    Elementary School:
    Flora Thew Elementary School
    Middle School:
    Connolly Middle School
    High School:
    Mcclintock High School
    School District:
    003 - Tempe School District
    Property Description
    Fully occupied 4plex, in heart of Tempe, located walking distance from Smith/Apache Light rail stop. All units are 2bed/1bath. All units have new kitchen cabinets, granite counter tops. All units feature in-unit laundry, with stackable washer-dryer. Exterior of building recently painted, 3 of units interior also got painted in last one year. All 4 units gets Section 8 assistance, monthly rent from City of Tempe is usually deposited 10 days before rent is due. Extra storage at back, that can be used for Coin laundry for extra income. No showing until accepted offer. Pictures taken when units were vacant. Currently drawing $4458 total monthly rent. 2 leases are month to month, one 10/31/20 and last is 12/31/20: Rents are : $1250, $1130, $1020, $1058 Buyer to verify all information
    Exterior Features

    Construction Brick Construction Finish Brick Trim/Veneer Covered Parking Spaces 0.00 Exterior Amenities Cable Tv AvailableDesert Landscaping Lot Size Dimensions 67 X 108 Parking >1 Space Per Unit Roads Asphalt Roofing Other (See Remarks)

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 644 2 Bedroom Units Baths 1 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 DishwasherDisposalF/S Oven/RangeMicrowaveRefrigeratorWasher/Dryer Cooling Electric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating Electric

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1114.00 2 Bedroom Units 4 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 51891.12 Annual Elec Exp 600.00 Annual Gas Exp 0.00 Annual Ins Exp 1272.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 480.00 Annual Legal And Acctg 0.00 Annual Maint Exp 3000.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 1500.00 Annual Wtr Swr Exp 1500.00 Community Amenities No Pool Cross Street 101 Freeway & Apache Blvd Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas None Gross Annual Sch Inc 53496.00 Hoa YN No Net Operating Income 44307.00 New Financing Conventional Operating Exp 9789.38 Other Income 0.00 Owner Pays SewerWater Project Type Four Plex Sale Includes Land & BuildingLaundry Equipment Sewer Sewer - Public Source Of Financial Data Provided By Owner Special Owner/Agent Tax Municipality Tempe Taxes 1437.38 Tenant Pays Cable TvElectric Vacancy Allowance 0.03 Water City Franchise Zoning Mf

    Listing courtesy of Equity Arizona Real Estate.


    © 2020 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 Yost Realty Group at RE/MAX Casa Grande. Data last updated 2020-06-01T00:11:27.193.
     
    Yost Realty Group at RE/MAX Casa Grande
    317 E. Cottonwood Lane, Suite C
    Casa Grande AZ, 85122