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Michael R. Ginnaty

Margie and Mike Ginnaty
agents for DPR Realty
Mesa / Scottsdale, AZ

602-573-9000
Contact Us

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Listing 5 out of 251
Sold for $1,800,000 Sold

1027 5th Street
Tempe, AZ 85281

17 units | Multi Family Home - MLS# 5715626
Property Photo

Sold

Sold for $1,800,000 on Apr 1, 2019

Description

Hard to find property in Coveted Tempe minutes from ASU. Many new zonings & improvements in area lots of new luxury condos nearby. Three adjacent lots 1.43 Acres must sell together (APN 124-36-013, APN 124-36-014,and APN 124-36-016) currently zoned R-3 up to 28. Currently 15 houses & one duplex. Value is in the land. All improvements Convey as is. Please do not disrupt current tenants. Great opportunity for redevelopment.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $2,000,000
  • County/Area: Maricopa County
  • Zip Code: 85281
  • Year Built: 1955
  • School District: 003 - Tempe School District
  • Elementary School: Scales Technology Academy
  • High School: Tempe High School
  • Units: 17 units
  • # of Parking Spaces: 29
  • Zoning: R3
  • 1 Bedroom Units: # 1 Bedroom Units: 1
  • 1 Bedroom Units: # Baths: 1
  • 1 Bedroom Units: Avg Rent: 500.00
  • 1 Bedroom Units: Avg SqFt: 400
  • 2 Bedroom Units: # 2 Bedroom Units: 14
  • 2 Bedroom Units: # Baths: 1
  • 2 Bedroom Units: Avg Rent: 574.00
  • 2 Bedroom Units: Avg SqFt: 600
  • 3-Bed Units: 3 Of This Type, $800.00 Avg Rent, 800 Avg SqFt, 1 Baths
  • Appliances Included: BI Oven/Range, Refrigerator
  • Complex Features: No Pool
  • Const - Finish: Painted, Stucco, Brick Trim/Veneer, Siding
  • Construction: Block, Brick, Frame - Wood
  • Cooling: Central A/C, Evaporative, Window/Wall Unit
  • Covered Parking Spcs: 3.00
  • Electric: APS
  • Floors: Concrete, Carpet, Ceramic Tile, Vinyl/Composition
  • Gas: SW Gas
  • Heating: Electric, Gas, Window/Wall Unit(s), Ceiling Fan(s), Wall Furnace
  • High School Dist #: 003 - Tempe School District
  • Lot Dimensions: 1.43 Acres
  • Marketing Name: Hardy Village
  • Net Income: 88005.00
  • Owner Pays: Water, Sewer, Trash
  • Parking: Paved Parking, <1 Space Per Unit
  • Property Description: 13 - 24 Units
  • Roads/Streets: Asphalt/Blacktop
  • Roofing: Comp Shingle
  • Sale Includes: Land & Building
  • Sewer: Sewer - Public
  • Tenant Pays: Electric, Gas, Cable TV
  • Water: City Franchise
  • Sold Price: 1800000.00
  • Sold Date: 2019-04-01
Courtesy of Desert 2 Mountain Realty
 

Margie and Mike Ginnaty | 602-573-9000 | Contact Us 

3850 E. Baseline Rd. #120, Mesa, AZ 85206 - Branch Office
14811 N. Kierland Blvd #700, Scottsdale, AZ 85254 - Corporate Office    
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