1222 S Farmer Avenue

    Tempe, AZ 85281
    • $525,000
    • STATUS: Active
    • ON SITE: 7 days
    • MLS #: 5987918
    UPDATED: 42 min ago
    $525,000
    • 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. 3 units walking distance to ASU and Mill Ave. These apartments have nice updates of new exterior paint & brand new landscaping. Individually metered for gas & electric. Apartments have some updates with some remodeling with floors and bathrooms and most and kitchens. Also there is room in the back lot where you can build 2 to possible 3 more units. Parking in the front and back as well as covered parking. (2) one bedroom & (1) studio house. Huge yard with artificial turf. The one bedroom units are large enough to add stack able washer and dryer units. Most of leases in place are for two years. 1218 S Farmer is also available for sale next door 6 units for $960,000. All facts & figures are approximate buyerverify MLS info Drive

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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 2019-10-13T18:10:54.067.
    www.melindamurphy.com/homes/99634436

    1222 S Farmer Avenue Tempe, AZ 85281

    • Price: $525,000
    • Status: Active
    • Updated: 42 min ago
    • MLS #: 5987918
    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. 3 units walking distance to ASU and Mill Ave. These apartments have nice updates of new exterior paint & brand new landscaping. Individually metered for gas & electric. Apartments have some updates with some remodeling with floors and bathrooms and most and kitchens. Also there is room in the back lot where you can build 2 to possible 3 more units. Parking in the front and back as well as covered parking. (2) one bedroom & (1) studio house. Huge yard with artificial turf. The one bedroom units are large enough to add stack able washer and dryer units. Most of leases in place are for two years. 1218 S Farmer is also available for sale next door 6 units for $960,000. All facts & figures are approximate buyerverify MLS info Drive
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 3.00 Exterior Amenities Other (See Remarks) Lot Size Dimensions 19000 Sq Parking 1 Space/Unit Roads Asphalt/Blacktop Roofing Comp Shingle Total Parking Spaces 6.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 568 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 320 Efficiency Unit Baths 1 Floors CarpetVinyl/Composition Heating Individual

    Property Features

    1 Bedroom Unit Avg Rent 1015.00 1 Bedroom Units 2 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 34800.00 Annual Elec Exp 150.00 Annual Gas Exp 0.00 Annual Ins Exp 1000.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 600.00 Annual Legal And Acctg 0.00 Annual Maint Exp 1000.00 Annual Mgmt Exp 0.00 Annual Other Expense 2056.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 500.00 Annual Wtr Swr Exp 1200.00 Community Amenities Other (See Remarks) Cross Street Farmer Ave & 12 St. Efficiency Unit Avg Rent 900.00 Efficiency Units 1 Electric ApsIndividual Meter Gas Individual MeterSw Gas Gross Annual Sch Inc 34800.00 Hoa YN No Net Operating Income 26238.00 New Financing Conventional Operating Exp 8562.00 Other Income 0.00 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 2056.00 Tenant Pays ElectricGasCable Tv Totl Mnth Rntal Inc 2900.00 Vacancy Allowance 0.00 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 2019-10-13T18:10:54.067.
     
    Keller Williams Biltmore Partners - Lifestyle Partners Team
    2920 E Camelback Rd
    Phoenix AZ, 85016