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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 3 out of 269
$3,750,000 For Sale

2174 Apache Boulevard #3
Tempe, AZ 85281

50 units | Multi Family Home - MLS# 5778614
Property Photo
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Description

This is a portfolio sale of 3 parcels and 3 running hotel businesses. This includes 47 units 3 house and 2 offices. All studios except for 2 rooms. This can be mostly apartments. You can also tear down units and build up to 65 units of high density apartments. Land total is 92,040 sq feet. Hotels are located in front of light rail for easy access to Tempe Market Place and ASU students. 101 is about a block away for easy access. Currently ran as self managed all 3 hotels bring in about $35,000.00 gross and ran 60-65% for expenses per month. Also can build 65 units high density for multi-family. Drive by only managers unware of sale

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Maricopa County
  • Zip Code: 85281
  • Year Built: 1950
  • Subdivision/Neighborhood: Lola Vista
  • School District: 000 - Out Of Area
  • Units: 50 units
  • # of Parking Spaces: 50
  • Zoning: C-G
  • 2 Bedroom Units: # 2 Bedroom Units: 2
  • 2 Bedroom Units: # Baths: 1
  • 2 Bedroom Units: Avg SqFt: 1000
  • Complex Features: Pool(S), Barbecue Area(S), Other (See Remarks), Manager Res/Office
  • Const - Finish: Painted
  • Construction: Block, Other (See Remarks)
  • Cooling: Window/Wall Unit
  • Efficiency Units: # Baths: 1
  • Efficiency Units: # Efficiency Units: 46
  • Efficiency Units: Avg Rent: 729.00
  • Efficiency Units: Avg SqFt: 375
  • Electric: Master Meter
  • Exterior Features: Landscape Wtr System, Cable TV Available
  • Heating: Gas, Window/Wall Unit(s)
  • High School Dist #: 000 - Out of Area
  • Interior Features: Furnished, Other (See Remarks), Partially Furnished
  • Lot Dimensions: 2.11 acres
  • Marketing Name: Apache Portfolio Sale
  • Net Income: 180000.00
  • Owner Pays: Water, Pool/Spa Maintenance, Landscaping, Cable TV, Trash, Gas, Electric, Sewer
  • Parking: Paved Parking, >1 Space Per Unit
  • Property Description: Other (See Remarks), 25 - 50 Units
  • Roads/Streets: Asphalt/Blacktop
  • Roofing: Comp Shingle, Other (See Remarks)
  • Sale Includes: Land & Building, Other (See Remarks), Laundry Equipment, Pool Equipment
  • Sewer: Sewer - Public
  • Water: Master Meter, City Franchise
Courtesy of CentrixUSA
 

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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