x
Price Reduction
Address
1229 W Southern Avenue Tempe, AZ
Price
$ 575,000
Property Attributes
  • MLS#5927712
  • TypeBackup
  • CountyMARICOPA
  • CityTempe
  • Zip85282
  • Style
  • Year Built1970
  • Taxes2070
  • Price$ 575,000
  • Bedrooms16
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage6000
Listing Provided Courtesy Of:
Grace CRE
Property Description

We are pleased to present West Park Apartments. These units are all two bedroom one bath units. This is a portfolio sale and can buy each at $575,000 1229 and 1235 W Southern Ave. 6.18% cap on proforma when all units rented at new rents. 5 of the units have been completely remodeled and 3 have not been updated. All units have covered parking and yards. Property has roofs replaced in the past year as well as new windows new paint and 5 newly remodeled units. units. All facts and figuers are approximate buyer verify MLS information. Old rents from long term tenants and new rents being currently raised. Drive by only tenants are unaware of sale.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
5/17/2019 Listed $599,900
5/28/2019 5% - $575,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 1150.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Features No Pool, Other (See Remarks)
Listing Status Active
Map Code/Grid R36
Net Income 74170.00
New Financing FHA, Conventional, 1031 Exchange, VA
Owner Pays Water, Sewer, Trash, Landscaping
Property Type F
School District 213 - Tempe Union High School District
Special Owner/Agent
Tenant Pays Electric
Type ER
Year Built 1970
Zoning R-3

Interior Features

2 Bedroom Units: # 2 Bedroom Units 8
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 750
Appliances Included F/S Oven/Range, Refrigerator, Other (See Remarks)
Cooling Central A/C, Electric Refrigeratd, Individual, Heat Pump
Electric SRP
Floors Carpet, Ceramic Tile, Vinyl/Composition
Gas None, Other (See Remarks)
Heating Electric, Central
Interior Features Other (See Remarks)
Total Number of Units 4.00

Exterior Features

Public Remarks We are pleased to present West Park Apartments. These units are all two bedroom one bath units. This is a portfolio sale and can buy each at $575
Sale Includes Land & Building
Const - Finish Painted
Covered Parking Spcs 4.00
Exterior Features Other (See Remarks)
Lot Size Dimensions 0.213 acres / 9, 275 sqft
Parking 1 Space/Unit, Carport, <1 Space Per Unit, Street Parking
Roof Rolled
Sewer Sewer - Public
Total Parking Spcs 8.00
Water City Franchise

Amenities

  • 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 85282

Price
AVG $230K
$580K
Taxes
AVG $1,262
$2,070
Visits
AVG 47
19
Year Built
AVG 1973
1970

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