700 W University Drive , #5

    Tempe, AZ 85281
    • $650,000
    • STATUS: Active
    • ON SITE: 14 days
    • MLS #: 6080192
    Price Reduced
    UPDATED: 31 min ago
    $650,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1983
    County:
    Area:

    Description

    Great opportunity to own 5 one bedroom, one bath condos in beautiful, Well maintained Tempe community of Scene One. Pool and heated spa. Condos are 595SF, include refrigerator, dishwasher, stove, breakfast bar & stack washer/dryer hookup. Most have granite counters & upgraded flooring. New HVACs in 3 units, dual paned windows in 2 units. 1 covered & extra guest parking. Market rent $830. CAP rate 4.4%. HOA fees $175 per mth per unit, includes water, sewer, trash, common area, pool, parking lot, exterior maintenance and blanket insurance. Tenants pay electric. 1 mile to ASU. Close to Rio Salado, Town Lake, Mill Avenue, Light Rail, shopping, restaurants, bus lines & freeways. Flyer with financials on documents tab. Total #units in complex is 120. These are scattered about the complex

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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 2020-06-03T20:12:04.793.
    www.yosthomes.com/homes/106037663

    700 W University Drive , #5 Tempe, AZ 85281

    • Price: $650,000
    • Status: Active
    • Updated: 31 min ago
    • MLS #: 6080192
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1983
    Built
    Neighborhood:
    Scene 1 Condominiums
    County:
    Maricopa
    Area:
    Tempe
    Elementary School:
    Scales Technology Academy
    Middle School:
    Gililland Middle School
    High School:
    Tempe Academy Of International Studies Mckemy Camp
    School District:
    003 - Tempe School District
    Property Description
    Great opportunity to own 5 one bedroom, one bath condos in beautiful, Well maintained Tempe community of Scene One. Pool and heated spa. Condos are 595SF, include refrigerator, dishwasher, stove, breakfast bar & stack washer/dryer hookup. Most have granite counters & upgraded flooring. New HVACs in 3 units, dual paned windows in 2 units. 1 covered & extra guest parking. Market rent $830. CAP rate 4.4%. HOA fees $175 per mth per unit, includes water, sewer, trash, common area, pool, parking lot, exterior maintenance and blanket insurance. Tenants pay electric. 1 mile to ASU. Close to Rio Salado, Town Lake, Mill Avenue, Light Rail, shopping, restaurants, bus lines & freeways. Flyer with financials on documents tab. Total #units in complex is 120. These are scattered about the complex
    Exterior Features

    Construction Frame - Wood Construction Finish PaintedStucco Covered Parking Spaces 6.00 Exterior Amenities Cable Tv AvailableDesert LandscapingGreen LandscapingLandscape Wtr SystemPatio/BalconyPet RestrictionsSecurity Light(S) Lot Size Dimensions Irr Parking >1 Space Per UnitAdd'l Parking AvailAssignedCarportPaved Parking Roads Asphalt Roofing Built-UpFoam

    Interior Features

    1 Bedroom Unit Avg Sq Ft 595 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 DishwasherDisposalF/S Oven/RangeRefrigeratorWasher/Dryer Cooling Electric RefrigeratdIndividual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic TileVinyl/CompositionWood Heating Ceiling Fan(S)ElectricHeat PumpIndividual Interior Amenities Breakfast BarFire/Smoke Alarm(S)Mini BlindsUnfurnishedVertical Blinds

    Property Features

    1 Bedroom Unit Avg Rent 830.00 1 Bedroom Units 5 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 0.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 10500.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities Barbecue Area(S)Heated Spa(S)Pool(S) Cross Street University And Mill Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas None Gross Annual Sch Inc 0.00 Hoa YN Yes Net Operating Income 0.00 New Financing Conventional Operating Exp 14346.00 Other Income 0.00 Other Type Packaged Offering Owner Pays See Remarks Project Type 5 - 12 UnitsOther (See Remarks) Sale Includes Other (See Remarks) Sewer Sewer - Public Source Of Financial Data Projected Proforma Special Incorporated Area Tax Municipality Tempe Taxes 3846.00 Tenant Pays Cable TvElectric Vacancy Allowance 0.00 Water City Franchise Zoning Sf

    Listing courtesy of 1st Southwest Realty, Llc.


    © 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 2020-06-03T20:12:04.793.
     
    Yost Realty Group at RE/MAX Casa Grande
    317 E. Cottonwood Lane, Suite C
    Casa Grande AZ, 85122