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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 8 out of 25
$1,150,000 Pending

1235 Southern Avenue
Tempe, AZ 85282

8 units | Multi Family Home - MLS# 5928444
Property Photo
1/27

Description

We are pleased to present West Park Apartments. These units are all two bedroom one bath units. This is a portfolio sale and can buy each at $575,000 1229 and 1235 W Southern Ave. 6.18% cap on proforma when all units rented at new rents. 5 of the units have been completely remodeled and 3 have not been updated. All units have covered parking and yards. Property has roofs replaced in the past year as well as new windows new paint and 5 newly remodeled units. units. All facts and figures are approximate buyer verify MLS information. Old rents from long term tenants and new rents being currently raised. Drive by only tenants are unaware of sale.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Pending
  • County/Area: Maricopa County
  • Zip Code: 85282
  • Year Built: 1970
  • School District: 213 - Tempe Union High School District
  • Units: 8 units
  • # of Parking Spaces: 8
  • Zoning: R-3
  • 2 Bedroom Units: # 2 Bedroom Units: 8
  • 2 Bedroom Units: # Baths: 1
  • 2 Bedroom Units: Avg Rent: 1150.00
  • 2 Bedroom Units: Avg SqFt: 750
  • Appliances Included: F/S Oven/Range, Refrigerator, Other (See Remarks)
  • Complex Features: No Pool, Other (See Remarks)
  • Const - Finish: Painted
  • Construction: Block
  • Cooling: Central A/C, Electric Refrigeratd, Individual, Heat Pump
  • Covered Parking Spcs: 4.00
  • Electric: SRP
  • Floors: Carpet, Ceramic Tile, Vinyl/Composition
  • Gas: None, Other (See Remarks)
  • Heating: Electric, Central
  • High School Dist #: 213 - Tempe Union High School District
  • Lot Dimensions: 0.213 acres / 9, 275 sqft
  • Marketing Name: Westway Park
  • Net Income: 74170.00
  • Owner Pays: Water, Sewer, Trash, Landscaping
  • Parking: 1 Space/Unit, Carport, <1 Space Per Unit, Street Parking
  • Property Description: Four Plex, 5 - 12 Units
  • Roads/Streets: Asphalt/Blacktop, Dirt/Gravel
  • Roofing: Rolled
  • Sale Includes: Building(s) Only
  • Sewer: Sewer - Public
  • Special Listing Conditions: Owner/Agent
  • Tenant Pays: Electric
  • Water: City Franchise
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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