2174 E Apache Boulevard , #3

    Tempe, AZ 85281
    • $3,950,000
    • STATUS: Active
    • ON SITE: 141 days
    • MLS #: 5930729
    UPDATED: 44 min ago
    $3,950,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    This is a portfolio sale of 3 parcels and 3 running hotel businesses. This includes 47 units 3 house and 2 offices. All studios except for 2 rooms. This can be mostly apartments. You can also tear down units and build up to 65 units of high density apartments. Land total is 92,040 sq feet. Hotels are located in front of light rail for easy access to Tempe Market Place and ASU students. 101 is about a block away for easy access. Currently ran as self managed all 3 hotels bring in about $35,000.00 gross and ran 60-65% for expenses per month. Also can build 65 units high density for multi-family. Drive by only managers unware of sale

    Monthly Payment Calculator



    © 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/95187047

    2174 E Apache Boulevard , #3 Tempe, AZ 85281

    • Price: $3,950,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: 5930729
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1950
    Built
    Neighborhood:
    Lola Vista
    County:
    Maricopa
    Area:
    Tempe
    School District:
    000 - Out of Area
    Property Description
    This is a portfolio sale of 3 parcels and 3 running hotel businesses. This includes 47 units 3 house and 2 offices. All studios except for 2 rooms. This can be mostly apartments. You can also tear down units and build up to 65 units of high density apartments. Land total is 92,040 sq feet. Hotels are located in front of light rail for easy access to Tempe Market Place and ASU students. 101 is about a block away for easy access. Currently ran as self managed all 3 hotels bring in about $35,000.00 gross and ran 60-65% for expenses per month. Also can build 65 units high density for multi-family. Drive by only managers unware of sale
    Exterior Features

    Construction BlockOther (See Remarks) Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Landscape Wtr SystemCable Tv Available Lot Size Dimensions 2.11 Acres Parking Paved Parking>1 Space Per Unit Roads Asphalt/Blacktop Roofing Comp ShingleOther (See Remarks) Total Parking Spaces 50.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 1000 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 Other (See Remarks) Cooling Window/Wall Unit Efficiency Unit Avg Sq Ft 375 Efficiency Unit Baths 1 Floors Other (See Remarks) Heating GasWindow/Wall Unit(S) Interior Amenities FurnishedPartially FurnishedOther (See Remarks)

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 0.00 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 420000.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 240000.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities Pool(S)Manager Res/OfficeOther (See Remarks)Barbecue Area(S) Cross Street Price & Apache Efficiency Unit Avg Rent 729.00 Efficiency Units 46 Electric Master Meter Gas Other (See Remarks) Gross Annual Sch Inc 420000.00 Hoa YN No Net Operating Income 180000.00 New Financing Conventional1031 ExchangeOther (See Remarks)Seller May Carry Operating Exp 271886.00 Other Income 0.00 Other Type House + Rental UnitsHotel/MotelPackaged OfferingOther (See Remarks) Owner Pays WaterSewerElectricGasTrashCable TvLandscapingPool/Spa Maintenance Project Type Other (See Remarks)25 - 50 Units Sale Includes Land & BuildingPool EquipmentLaundry EquipmentOther (See Remarks) Sewer Sewer - Public Source Of Financial Data Projected ProformaOther (See Remarks) Tax Municipality Maricopa - County Taxes 31886.00 Tenant Pays None Vacancy Allowance 0.00 Water Master MeterCity Franchise Zoning C-G

    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