1039 E Spence Avenue Tempe, AZ
$ 729,900
Property Attributes
  • MLS#5927124
  • TypeBackup
  • CountyMARICOPA
  • CityTempe
  • NeighborhoodJen Tilly Terrace Lots 19-29 -Tr A
  • Zip85281
  • Style
  • Year Built1964
  • Taxes2075
  • Price$ 729,900
  • Bedrooms6
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2958
Listing Provided Courtesy Of:
Grace CRE
Property Description

We are pleased to announce a turn key remodeled Tempe 4 plex walking distance to ASU. This is amazing Tempe location near the light rail, malls, shopping, restaurants & freeways. This building has been updated with major capital improvements. Kitchens, granite counter tops, washer and dryers added to all units. New electrical panels, floors, bathrooms, tank less water heaters, new parking lot, new yards, new lighting, new yards, new roof and much more. Also this complex is fully rented with 2 year leases in place two at $1,500 (2) bedroom 1 bath units. One 1 bed $1,300 and one at $1,250. They are leased to tenants who run as short term rentals. Amazing return for the next two years with these leases in place. Self Manged. All facts & figures are approximate buyer verify MLS information

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
5/17/2019 Listed $729,900

General Features

1 Bedroom Units: Avg Rent 1275.00
2 Bedroom Units: Avg Rent 1500.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Features No Pool
Listing Status Active
Map Code/Grid R37
Net Income 53300.00
New Financing Conventional, VA
Owner Pays Water, Sewer, Trash
Property Type F
School District 003 - Tempe School District
Special Incorporated Area
Subdivision JEN TILLY TERRACE LOTS 19-29 /TR A/
Tenant Pays Electric, Cable TV
Type ER
Year Built 1964
Zoning R-4

Interior Features

1 Bedroom Units: # 1 Bedroom Units 2
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 650
2 Bedroom Units: # 2 Bedroom Units 2
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 829
Appliances Included BI Oven/Range, Refrigerator
Cooling Electric Refrigeratd, Individual
Electric APS
Floors Concrete
Gas None
Heating Electric, Individual
Interior Features Unfurnished, Fire/Smoke Alarm(s)
Total Number of Units 4.00

Exterior Features

Public Remarks We are pleased to announce a turn key remodeled Tempe 4 plex walking distance to ASU. This is amazing Tempe location near the light rail, malls, shopping
Sale Includes Land & Building
Const - Finish Painted
Covered Parking Spcs 0.00
Exterior Features Desert Landscaping, Partially Fenced, Cable TV Available, Separate Storage
Lot Size Dimensions 8, 500
Parking Free, 1 Space/Unit, Street Parking, Add'l Parking Avail
Roof Comp Shingle
Sewer Sewer - Public, Sewer-In & Connected
Total Parking Spcs 4.00
Water Master Meter, City Franchise


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85281

AVG $270K
AVG $1,396
AVG 55
Year Built
AVG 1980

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