1114 S Farmer Avenue

    Tempe, AZ 85281
    • $517,500
    • STATUS: Closed
    • ON SITE: 312 days
    • MLS #: 5721545
    Sold - 05/31/2018
    $517,500
    SOLD - 05/31/2018
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1945
    County:
    Area:

    School Information

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

    Description

    HOT INVESTOR OPPORTUNITY!! One of the most desirable areas in Tempe!! This property is zoned R-3 for multi-family development. There are TWO HOMES on the lot. Main house, 1114 Farmer is updated. 3bed/1 bath 1469 sq/ft and a private yard. Rear house, 1116 Farmer is like NEW!! Built 2016 2bed/2bath 839 sq/ft and private yard. Both houses on separate meters. Both properties have TWO parking spaces. TURN KEY investment. This area is BOOMING with multifamily developments being built up. Both houses currently rented for $1500 a month. INSTANT cash flow! 1/2 Mile fro ASU and Downtown Tempe. HOME IS CURRENTLY OCCUPIED BY TENANTS. DO NOT DISTURB. LEASE ENDS JULY 31.

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    © 2018 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 Lux Home Group at Keller Williams Realty Phoenix. Data last updated 2018-12-19T00:12:26.8.
    www.searchallhouses.com/homes/80662672

    1114 S Farmer Avenue Tempe, AZ 85281

    • Price: $550,000
    • Status: Closed
    • MLS #: 5721545
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1945
    Built
    Neighborhood:
    Val Verde
    County:
    Maricopa
    Area:
    Tempe
    Elementary School:
    Holdeman Elementary School
    Middle School:
    Gililland Middle School
    High School:
    Tempe High School
    School District:
    003 - Tempe School District
    Property Description
    HOT INVESTOR OPPORTUNITY!! One of the most desirable areas in Tempe!! This property is zoned R-3 for multi-family development. There are TWO HOMES on the lot. Main house, 1114 Farmer is updated. 3bed/1 bath 1469 sq/ft and a private yard. Rear house, 1116 Farmer is like NEW!! Built 2016 2bed/2bath 839 sq/ft and private yard. Both houses on separate meters. Both properties have TWO parking spaces. TURN KEY investment. This area is BOOMING with multifamily developments being built up. Both houses currently rented for $1500 a month. INSTANT cash flow! 1/2 Mile fro ASU and Downtown Tempe. HOME IS CURRENTLY OCCUPIED BY TENANTS. DO NOT DISTURB. LEASE ENDS JULY 31.
    Exterior Features

    Construction BlockFrame - Wood Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Landscape Wtr System Lot Size Dimensions 50X130 Parking Other (See Remarks)>1 Space Per Unit Roads Asphalt/BlacktopDedicated Street Roofing Comp ShingleMetal Total Parking Spaces 4.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 839 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 1460 3 Bedroom Unit Baths 1 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Bi Oven/RangeOther (See Remarks)W/D HookupMicrowaveDisposalDishwasherRefrigerator Cooling Electric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors ConcreteVinyl/CompositionOther (See Remarks) Heating ElectricOther (See Remarks)Gas Interior Amenities ShuttersFire/Smoke Alarm(S)

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1500.00 2 Bedroom Units 1 3 Bedroom Unit Avg Rent 1500.00 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 36000.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 140.00 Annual Legal And Acctg 0.00 Annual Maint Exp 175.00 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 0.00 Annual Wtr Swr Exp 0.00 Auction No Community Amenities No Pool Cross Street Mill & University Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Individual MeterSw Gas Gross Annual Sch Inc 36000.00 Hoa YN No Net Operating Income 35685.00 New Financing FhaVaConventional Operating Exp 2672.00 Other Income 0.00 Other Type House + Rental UnitsOther (See Remarks) Owner Pays None Project Type Other (See Remarks) Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Tempe Taxes 2357.00 Tenant Pays WaterOther (See Remarks)Cable TvTrashGasElectricSewer Totl Mnth Rntal Inc 3000.00 Vacancy Allowance 0.00 Water City FranchiseIndividual Meter Zoning Res

    Listing courtesy of My Home Group Real Estate.
    © 2018 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 Lux Home Group at Keller Williams Realty Phoenix. Data last updated 2018-12-19T00:12:26.8.
     
    Lux Home Group at Keller Williams Realty Phoenix
    3920 South Rural Road Suite 110
    Tempe AZ, 85282