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Deanne Olivas Your Home Matters!
Keller Williams Realty
East Valley Luxre Group
2077 East Warner Road Tempe, AZ 85284
Currently a fully occupied 3-plex with a 3-bed/2-bath 1342sf main house and 2 507sf 1bed/1bath casitas. Additionally there is a 540 sf garage. At least 6 spaces in parking area. Lot is 85x282, so based on rough calculations as many as 8 units could be built pending approvals from city. Improve the existing and increase rent, and/or convert garage to living space and increase number of rentable units. Other lots like this have already been subdivided, so that is a possibility as well. Current rent is well below area market at combined $2000/mo. Improvements could raise combined rent to $3100/mo. Very few lots of this size available in area, even fewer with access from 2 streets.