Tempe, AZ 85281,1214 S FARMER Avenue
Tempe, AZ 85281,1214 S FARMER Avenue
Tempe, AZ 85281,1214 S FARMER Avenue
18
$1,100,000
$1,175,000
6.4%
Est.Price: ?

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1214 S FARMER Avenue Tempe, AZ 85281

Est. payment /mo
SOLD DATE : 12/18/2020

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Key Details

Sold Price $1,100,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision State College Homes Lots 33-40

MLS Listing ID 6156027

Sold Date 12/18/20

Maintenance Fees $2,000

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1947

Annual Tax Amount $1,944

Tax Year 2020

Lot Dimensions 50x190

Property Description

Turn Key Investment, Walking distance to Downtown Tempe and Arizona State University. Apartment sits in the middle of a Classic College Residential Neighborhood. Two Buildings consisting of a loft style fourplex and One Story Triplex. Many Capitol Improvements completed within the last 4 years including All AC Units, Water Heaters, Roof on Fourplex, Plumbing and some Flooring. Attractive Units with open floor plans and natural light. Low Maintenance Desert Landscape. Very Low Vacancy, Leases In Place With Room for Increases. Proforma rents calculated at market. actual rent roll in documents. Buyer to Verify all Facts and Figures to Their Satisfaction.

Location

State AZ

County Maricopa

Community State College Homes Lots 33-40

Zoning R-3

Direction West on University One block to Farmer Ave. South on Farmer Ave to property on westside of Street. Alley access behind parcel.

Interior

Heating Natural Gas

Cooling Electric

Flooring Other

Appliance Dishwasher, Refrigerator, WasherDryer

Exterior

Community Features Other, See Remarks

Waterfront No

Roof Type Composition, Foam

Total Parking Spaces 7

Building

Sewer Public Sewer

Water City Franchise

New Construction Yes

Others

Senior Community No

Tax ID 124-70-025

Acceptable Financing Conventional, 1031 Exchange

Listing Terms Conventional, 1031 Exchange

Financing Other

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Arizona Regional MLS (ARMLS)
Listed by Better Homes & Gardens Real Estate SJ Fowler
Bought with REI Marketing

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Chase Reynolds

Agent | License ID: SA697484000

+1(480) 694-6619

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