1218 S Farmer Avenue

    Tempe, AZ 85281
    • $960,000
    • STATUS: Active
    • ON SITE: 8 days
    • MLS #: 5987785
    UPDATED: 46 min ago
    $960,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1947
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    We are pleased to announce State College Home Apartments. 6 units walking distance to ASU and Mill Ave. These apartments have niceupdates of new exterior paint and brand new landscaping. Individually metered for gas and electric. Some have newer windows floors and bathrooms and most kitchens. Parking in the front and back as well as covered parking. 6 one bedroom one bath. Almost leases are 2 years and all about 1,000 and up. Existing washer and dryer onsite coin operated. Most units are large enough to add stack able washer and dryer units. 1222 S Farmer is also for sale next door for $525,000 3 plex with land to build two to 3 more units.All facts and figures areapproximate buyer verify MLS info Drive by only tenants are unaware of sale

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    © 2019 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 Keller Williams Biltmore Partners - Lifestyle Partners Team. Data last updated 2019-10-13T19:10:55.483.
    www.melindamurphy.com/homes/99629037

    1218 S Farmer Avenue Tempe, AZ 85281

    • Price: $960,000
    • Status: Active
    • Updated: 46 min ago
    • MLS #: 5987785
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1947
    Built
    Neighborhood:
    State College Homes Lots 30-40
    County:
    Maricopa
    Area:
    Tempe
    Elementary School:
    Other
    Middle School:
    Other
    High School:
    Other
    School District:
    003 - Tempe School District
    Property Description
    We are pleased to announce State College Home Apartments. 6 units walking distance to ASU and Mill Ave. These apartments have niceupdates of new exterior paint and brand new landscaping. Individually metered for gas and electric. Some have newer windows floors and bathrooms and most kitchens. Parking in the front and back as well as covered parking. 6 one bedroom one bath. Almost leases are 2 years and all about 1,000 and up. Existing washer and dryer onsite coin operated. Most units are large enough to add stack able washer and dryer units. 1222 S Farmer is also for sale next door for $525,000 3 plex with land to build two to 3 more units.All facts and figures areapproximate buyer verify MLS info Drive by only tenants are unaware of sale
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 6.00 Exterior Amenities Other (See Remarks) Lot Size Dimensions 9600 Parking 1 Space/Unit Roads Asphalt/Blacktop Roofing Comp Shingle Total Parking Spaces 12.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 600 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 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 Bi Oven/RangeF/S Oven/RangeRefrigeratorDishwasherMicrowave Cooling Individual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetVinyl/Composition Heating Individual

    Property Features

    1 Bedroom Unit Avg Rent 1015.00 1 Bedroom Units 6 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 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 72716.00 Annual Elec Exp 500.00 Annual Gas Exp 550.00 Annual Ins Exp 1400.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 800.00 Annual Legal And Acctg 0.00 Annual Maint Exp 3000.00 Annual Mgmt Exp 0.00 Annual Other Expense 2444.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 1000.00 Annual Wtr Swr Exp 2000.00 Community Amenities Other (See Remarks) Cross Street Farmer Ave & 12 St. Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas Individual MeterSw Gas Gross Annual Sch Inc 72000.00 Hoa YN No Net Operating Income 58660.00 New Financing Conventional Operating Exp 14056.00 Other Income 2200.00 Owner Pays WaterSewerTrashLandscaping Project Type Tri-Plex5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By OwnerProjected Proforma Tax Municipality Tempe Taxes 2362.00 Tenant Pays ElectricGasCable Tv Totl Mnth Rntal Inc 6000.00 Vacancy Allowance 0.02 Water Master Meter Zoning C-3

    Listing courtesy of Grace Cre.


    © 2019 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 Keller Williams Biltmore Partners - Lifestyle Partners Team. Data last updated 2019-10-13T19:10:55.483.
     
    Keller Williams Biltmore Partners - Lifestyle Partners Team
    2920 E Camelback Rd
    Phoenix AZ, 85016