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Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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Built
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County
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School Information

Elementary School
Middle School
School District

Description

Rare opportunity! Duplex Income Property in the Apache Light Rail Corridor flush with new development. Two blocks from expanding Valley Metro light rail system. Historic Borden Homes neighborhood. Close to ASU Main Campus, Tempe Marketplace, Mill Avenue District, Town Lake, Loops 101/202, etc. Each 2 BED 1 BATH unit is updated with modern finishes and tile flooring, dual pane windows, new HVAC in unit B, private patios. See attached list of purchases and dates. Units were previous furnished vacation rentals for 7 yrs. Interior shots are from the most recent vacant lease listing. Low property tax. No HOA. Property management in place. Drive by only. Do not disturb occupants. Viewing only after contract acceptance. FULLY occupied at $1200 per unit. Buyer to verify Facts and Figures. Act now!

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© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Riddle Group | eXp Realty. Data last updated 2021-09-16T17:14:01.497.
www.cavecreekareahomes.com/homes/121441410
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1705 E 12TH Street Tempe, AZ 85281

  • Price: $475,000
  • Status: Active
  • On Site: TODAY
  • Updated: 58 min ago
  • MLS #: 6293554
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1971
Built
Neighborhood:
Borden Homes
County:
Maricopa
Area:
Tempe
Elementary School:
Laird Elementary School
Middle School:
Mckemy Middle School
High School:
Mcclintock High School
School District:
003 - Tempe School District
Property Description
Rare opportunity! Duplex Income Property in the Apache Light Rail Corridor flush with new development. Two blocks from expanding Valley Metro light rail system. Historic Borden Homes neighborhood. Close to ASU Main Campus, Tempe Marketplace, Mill Avenue District, Town Lake, Loops 101/202, etc. Each 2 BED 1 BATH unit is updated with modern finishes and tile flooring, dual pane windows, new HVAC in unit B, private patios. See attached list of purchases and dates. Units were previous furnished vacation rentals for 7 yrs. Interior shots are from the most recent vacant lease listing. Low property tax. No HOA. Property management in place. Drive by only. Do not disturb occupants. Viewing only after contract acceptance. FULLY occupied at $1200 per unit. Buyer to verify Facts and Figures. Act now!
Exterior Features

Construction Block Construction Finish Stucco Covered Parking Spaces 0.00 Exterior Amenities Cable Tv AvailablePatio/BalconySatellite DishTv Antenna Lot Size Dimensions 60X120 Parking <1 Space Per UnitStreet Parking Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 765 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included DishwasherDisposalF/S Oven/RangeRefrigeratorWasher/Dryer Cooling 2 Or More UnitsCentral A/CElectricHeat Pump Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating ElectricHeat Pump Interior Amenities DrapesUnfurnished

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1200.00 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 28800.00 Annual Ins Exp 598.00 Annual Maint Exp 1007.00 Annual Ownr Asoc Fee 0.00 Annual Wtr Swr Exp 1416.00 Community Amenities No Pool Cross Street Mcclintock & Apache Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas None Gross Annual Sch Inc 28800.00 Hoa YN No Net Operating Income 24579.00 New Financing Ctl Operating Exp 4258.00 Other Income 0.00 Owner Pays SewerTrash CollectionWater Project Type Duplex Sale Includes Land & BuildingLaundry Equipment Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Tempe Taxes 1237.00 Tenant Pays Electric Totl Mnth Rntal Inc 2400.00 Vacancy Allowance 0.00 Water City Franchise Zoning R1-6

Listing courtesy of Homesmart.


© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Riddle Group | eXp Realty. Data last updated 2021-09-16T17:14:01.497.
 
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The Riddle Group | eXp Realty
4524 E. Rancho Laredo Dr.
Cave Creek AZ, 85331