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Deanne Olivas
Your Home Matters!
Keller Williams Realty
East Valley Luxre Group

2077 East Warner Road

Tempe, AZ 85284

(480) 452-5567
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Listing 24 out of 336
$1,485,000 For Sale

1218-1222 Farmer Avenue
Tempe, AZ 85281

9 units | Multi Family Home - MLS# 5927139
Property Photo
1/25

Description

We are pleased to announce State College Home Apartments. 9 units walking distance to ASU and Mill Ave. These apartments have nice updates of new exterior paint & brand new landscaping. Two separate lots with 6 & 3 units. Individually metered for gas & electric.Some have newer windows floors and bathrooms and most kitchens have been updated about 10 13 years ago. Also there is room in the back lot where you can build 2 to possible 3 more units. Parking in the front and back as well as covered parking. (8) one bedroom & (1) studio. Amazing value add with rents not being raised in over 10 years. Existing washer and dryer onsite coin operated. Most units are large enough to add stack able washer and dryer units. All facts & figures are approximate buyer verify MLS info Drive by only All tenants are month to month new rents are now being raised to 900 to 1100 a month and studio being raised to 800

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Maricopa County
  • Zip Code: 85281
  • Year Built: 1947
  • Subdivision/Neighborhood: State College Homes Lots 30-40
  • School District: 003 - Tempe School District
  • Units: 9 units
  • # of Parking Spaces: 24
  • Zoning: c-3
  • 1 Bedroom Units: # 1 Bedroom Units: 8
  • 1 Bedroom Units: # Baths: 1
  • 1 Bedroom Units: Avg Rent: 950.00
  • 1 Bedroom Units: Avg SqFt: 568
  • Appliances Included: BI Oven/Range, F/S Oven/Range, Refrigerator, Dishwasher, Microwave
  • Const - Finish: Painted
  • Construction: Block
  • Cooling: Individual
  • Covered Parking Spcs: 9.00
  • Efficiency Units: # Baths: 1
  • Efficiency Units: # Efficiency Units: 1
  • Efficiency Units: Avg Rent: 800.00
  • Efficiency Units: Avg SqFt: 320
  • Electric: APS, Individual Meter
  • Floors: Carpet, Vinyl/Composition
  • Gas: Individual Meter, SW Gas
  • Heating: Individual
  • High School Dist #: 213 - Tempe Union High School District
  • Lot Dimensions: 19000 sq
  • Marketing Name: State College Homes Apts
  • Net Income: 70496.00
  • Owner Pays: Water, Sewer, Trash, Landscaping
  • Parking: 1 Space/Unit
  • Property Description: Tri-Plex, 5 - 12 Units
  • Roads/Streets: Asphalt/Blacktop
  • Roofing: Comp Shingle
  • Sale Includes: Land & Building
  • Sewer: Sewer - Public
  • Tenant Pays: Electric, Gas, Cable TV
  • Water: Master Meter
Courtesy of Grace CRE

Deanne Olivas   |   480-452-5567   |  Contact Me
2077 East Warner Road   |   Tempe, AZ 85284
Copyright © 2017. Deanne Olivas, All Rights Reserved

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