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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 2 out of 25
$2,990,000 For Sale

1433 Stanley Place
Tempe, AZ 85281

22 units | Multi Family Home - MLS# 5935196
Property Photo
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Description

REI Marketing is pleased to offer for sale Springleaf Apartments, a centrally located, updated garden style apartment in Tempe, Arizona just a half mile from ASU and the bustle of Mill Avenue. Comprised of 22 units in a cul de sac location, the community was built in 1978 and renovated in 2019. All units are individually metered for electricity, have individual ground mounted HVAC's and individual water heaters. Springleaf offers 22 cookie cutter one bed/one bath units averaging 585 SF with a galley-style kitchen, full bathroom and living area. 20 units have been fully refreshed with new stainless steel appliances, updated fixtures and new flooring. Exterior improvements include updated gated pool, refreshed paint and roofs. Residents enjoy onsite laundry, gated community pool and sun deck. The project is close to the light rail delivering riders quickly to the Phoenix MSA. Construction has also begun on the Tempe Streetcar line, a $180 million dollar project slated for completion in 2020. Access to major freeways as well as an international airport are also just a short drive from the site. This property is a prime candidate for a new owner to continue renovation program with an exterior reposition strategy to achieve rent premiums in the strong Tempe market.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Maricopa County
  • Zip Code: 85281
  • Year Built: 1978
  • Subdivision/Neighborhood: Stanley Plat
  • School District: 003 - Tempe School District
  • Units: 22 units
  • # of Parking Spaces: 30
  • Zoning: R4
  • 1 Bedroom Units: # 1 Bedroom Units: 22
  • 1 Bedroom Units: # Baths: 1
  • 1 Bedroom Units: Avg Rent: 850.00
  • 1 Bedroom Units: Avg SqFt: 585
  • Appliances Included: F/S Oven/Range, Refrigerator, Microwave
  • Complex Features: Pool(S)
  • Const - Finish: Stucco
  • Construction: Block
  • Cooling: Individual
  • Electric: Individual Meter
  • Exterior Features: Partially Fenced
  • Floors: Vinyl/Composition
  • Heating: Individual
  • High School Dist #: 213 - Tempe Union High School District
  • Interior Features: Unfurnished, Breakfast Bar
  • Lot Dimensions: 30000 SF
  • Marketing Name: Springleaf
  • Owner Pays: Water, Sewer, Trash
  • Parking: Paved Parking
  • Property Description: 13 - 24 Units
  • Roads/Streets: Asphalt/Blacktop
  • Sale Includes: Land & Building
  • Sewer: Sewer - Public
  • Tenant Pays: Electric
  • Water: City Franchise
Courtesy of REI Marketing

Deanne Olivas   |   480-452-5567   |  Contact Me
2077 East Warner Road   |   Tempe, AZ 85284
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