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Michael R. Ginnaty

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

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Listing 4 out of 269
Sold for $3,073,500 Sold

1214 5th Street
Tempe, AZ 85281

7 units | Multi Family Home - MLS# 5864137
Property Photo


Sold for $3,073,500 on Mar 1, 2019


Community of 7 highly-upgraded, individually-metered townhomes located in an OPPORTUNITY ZONE! Units can be rented for an avg of $3000/mo or sold individually. These luxurious, detailed and well planned 3 bed, 3 bath urban townhomes have all the lavish finishes you would expect in a custom home- including attached 2 car side-by-side garage, and open floor plans with dual-master bedrooms! The homes are solidly crafted with insulated interior walls, soaring ceilings, and solid core doors. Upgraded finishes in each unit total over $100k and smart kitchen appliances are all included. In demand, convenient, urban location only 1 mile from ASU and close to the 202, tempe town lake business parks, and PHX airport. List price is already below replacement cost and current construction cost


  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $3,224,000
  • County/Area: Maricopa County
  • Zip Code: 85281
  • Year Built: 2018
  • Subdivision/Neighborhood: 5th Street Townhouses
  • School District: 003 - Tempe School District
  • Elementary School: Scales Technology Academy
  • Middle School: Gililland Middle School
  • High School: Tempe High School
  • Units: 7 units
  • # of Parking Spaces: 23
  • Zoning: [R1-PAD]
  • 3-Bed Units: 7 Of This Type, $3000.00 Avg Rent, 1800 Avg SqFt, 3 Baths
  • Appliances Included: BI Oven/Range, F/S Oven/Range, Refrigerator, Dishwasher, Disposal, Microwave, W/D Hookup, Other (See Remarks)
  • Complex Features: No Pool
  • Const - Finish: Painted, Stucco, Brick Trim/Veneer, Siding
  • Construction: Frame - Wood
  • Cooling: Electric Refrigeratd, Heat Pump
  • Covered Parking Spcs: 14.00
  • Electric: SRP, Underground
  • Exterior Features: Landscape Wtr System, Green Landscaping, Cable TV Available, Patio/Balcony, Security Light(S)
  • Floors: Carpet, Ceramic Tile, Other (See Remarks), Wood
  • Heating: Electric
  • High School Dist #: 213 - Tempe Union High School District
  • Interior Features: Unfurnished, Fire/Smoke Alarm(S)
  • Lot Dimensions: 19721
  • Marketing Name: 7 On Fifth
  • Net Income: 212681.00
  • Owner Pays: Landscaping
  • Parking: Garage, Paved Parking, >1 Space Per Unit, Attached, Auto Door Opener, Add'l Parking Avail
  • Property Description: 5 - 12 Units
  • Roads/Streets: Asphalt/Blacktop
  • Roofing: Foam, Metal, Other (See Remarks)
  • Sale Includes: Land & Building, Laundry Equipment
  • Sewer: Sewer - Public
  • Special Listing Conditions: Accept Backups (CLO), Owner/Agent
  • Tenant Pays: Water, Sewer, Electric, Trash, Cable TV
  • Water: City Franchise
  • Sold Price: 3073500.00
  • Sold Date: 2019-03-01
Courtesy of HomeSmart

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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