Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$7,000,000
Last Modified:
2/28/2023
Search
1301 W 4th Street, Tempe, AZ 85281
$7,000,000
Description
Masterfully designed portfolio of 15-single family attached homes in a community located in dynamic Tempe. Centrally located near ASU, the Loop 202 Freeway, Tempe Town lake, and the Phoenix airport. Built in 2018, the community sits on Qualified Opportunity Zone site, and consists of two-story residences averaging 1,572 square feet each. Unit mix consists of nine, 3 bedroom / 3 bathroom residences, and six, 2
bedroom / 2 bathroom residences. 3-bed/3 bath configurations are at 1696 sq feet, or 1793 sq feet, while 2 bed/2 bath configurations are 1332 square feet.
The community combines the sophisticated, connective vibe of the residents with the modern, urban architecture typically seen only in coastal Southern California. These highly-upgraded, town homes are all individually metered
More Information MLS# 6100256
Contract Info
Current Price: $7,000,000
Sold Price: $7,000,000
Status: Closed
List Date: 2020-07-07
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: R36
House Number: 1301
Compass: W
Street Name: 4th
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Country: USA
County Code: Maricopa
Subdivision: 4TH STREET WEST
Assessor Number: 124-28-177
Tax Year: 2020
General Property Description
Lot Size Dimensions: 11839
Year Built: 2017
Total # of Units: 15
# of Buildings: 5
Zoning: R1-PAD, R-2
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Scales Technology Academy
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Remarks Misc
Geo Lat: 33.426236
Geo Lon: -111.95925
Status Change Info
Status Change Date: 2020-07-08
Off Market Date: 2020-07-08
Under Contract Date: 2020-07-08
Close of Escrow Date: 2020-07-08
Sold Price: $7,000,000
Legal Info
Township: 1N
Range: 4E
Section: 16
Lot Number: NA
2 Bedroom Units
# 2 Bedroom Units: 6
Avg Rent: 2450
Avg SqFt: 1342
# Baths: 2
3 Bedrooms Units
Avg Rent: 2890
Avg SqFt: 1700
# Baths: 3
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 13 - 24 Units
Construction: Block; Frame - Wood
Const - Finish: Painted; Stucco; Brick Trim/Veneer; Siding
Roofing: Foam; Metal
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool; Barbecue
Exterior Amenities: Landscape Wtr System; Green Landscaping; Desert Landscaping; Partially Fenced; Cable TV Available; Patio/Balcony
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Breakfast Bar
Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup
Cooling: Electric
Water: City Franchise; Individual Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP
Gas: None
Parking: Garage; >1 Space Per Unit; Attached
Owner Pays: Landscaping
Tenant Pays: Water; Sewer; Electric; Trash; Cable TV
Source of Fincl Data: Projected Proforma; Other (See Remarks)
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; 1031 Exchange
Environmental: None
Listing Office: Grace CRE
Last Updated: February - 28 - 2023
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