Address
1214 S Farmer Avenue Tempe, AZ
Price
$ 1,175,000
Property Attributes
  • MLS#6156027
  • TypeBackup
  • CountyMARICOPA
  • CityTempe
  • NeighborhoodState College Homes Lots 33-40
  • Zip85281
  • Style
  • Year Built1947
  • Taxes1944
  • Price$ 1,175,000
  • Bedrooms6
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4122
Listing Provided Courtesy Of:
S.J. Fowler Real Estate, Inc.
Property Description

Turn Key Investment, Walking distance to Downtown Tempe and Arizona State University. Apartment sits in the middle of a Classic College Residential Neighborhood. Two Buildings consisting of a loft style fourplex and One Story Triplex. Many Capitol Improvements completed within the last 4 years including All AC Units, Water Heaters, Roof on Fourplex, Plumbing and some Flooring. Attractive Units with open floor plans and natural light. Low Maintenance Desert Landscape. Very Low Vacancy, Leases In Place With Room for Increases. Proforma rents calculated at market. actual rent roll in documents. Buyer to Verify all Facts and Figures to Their Satisfaction.

Price History
11/4/2020 Listed $1,175,000

General Features

1 Bedroom Units: Avg Rent 1037.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Cooling Electric Refrigeratd
Electric APS, Individual Meter
Exterior Features Desert Landscaping, Other (See Remarks)
Features Other (See Remarks)
Heating Gas
Interior Features Fire/Smoke Alarm(s), Other (See Remarks)
Map Code/Grid R36
Net Income 58945.00
New Financing 1031 Exchange, Conventional
Owner Pays Gas, Landscaping, Sewer, Trash Collection, Water
Parking 1 Space/Unit
Property Type F
Public Remarks Turn Key Investment
Roof Comp Shingle, Foam
School District 003 - Tempe School District
Sewer Sewer - Public
Status Active
Subdivision STATE COLLEGE HOMES LOTS 33-40
Tenant Pays Electric
Water City Franchise
Year Built 1947
Zoning R-3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 6
1 Bedroom Units: Avg Sqft 687
Appliances Included Dishwasher, Refrigerator, Washer/Dryer
Floors Carpet, Ceramic Tile, Other (See Remarks), Vinyl/Composition
Gas SW Gas
Total Number of Units 7.00

Exterior Features

Sale Includes Land & Building, Laundry Equipment
Const - Finish Stucco
Covered Parking Spcs 4.00
Lot Size Dimensions 50x190
Total Parking Spcs 7.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85281

Price
AVG $350K
$1.18M
Taxes
AVG $1,617
$1,944
Visits
AVG 66
17
Year Built
AVG 1981
1947

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