Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$4,690,000
Last Modified:
1/03/2025
Search
2309 S COLLEGE Avenue, Tempe, AZ 85282
$4,690,000
Description
Located in the heart of
Tempe, this 18-unit
apartment complex
presents a turnkey
investment opportunity in
a high-demand market.
Situated just minutes from
Arizona State University,
downtown Tempe, major
freeways, and public
transit, this property's
prime location attracts a
steady stream of tenants
for consistent rental
income in a thriving
metropolitan area.
More Information MLS# 6799565
Contract Info
Current Price: $4,690,000
List Price: $4,690,000
Status: Active
List Date: 2025-01-02
Ownership: Fee Simple
Location Tax Legal
House Number: 2309
Compass: S
Street Name: COLLEGE
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 2356
Country: USA
County Code: Maricopa
Subdivision: BROADMOR MANOR 4
Assessor Number: 133-26-018
Tax Year: 2024
General Property Description
Lot Size Dimensions: 230.88 x 123.20
Year Built: 1963
Uncvrd Parking Spcs: 10
Total # of Units: 18
# of Buildings: 3
Zoning: Multi Family
High School District: Tempe Union High School District
High School: Tempe High School
Remarks Misc
Cross Street: Broadway & Mill
Directions: GPS
Geo Lat: 33.403326
Geo Lon: -111.934566
Status Change Info
Status Change Date: 2025-01-02
Legal Info
Township: 1N
Range: 4E
Section: 27
Lot Number: 17
Income Expenses
Gross Annual Sch Inc: 303840
Net Operating Income: 237920
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 18
Avg Rent: 1595
Avg SqFt: 642
# Baths: 1
Contact Info
List Agent Home Phn: 6027109536
Property Features
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Concrete
Sale Includes: Land & Building
Community Amenities: No Pool; Barbecue
Exterior Amenities: Green Landscaping; Desert Landscaping
Interior Amenities: Unfurnished; Partially Furnished; Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Washer/Dryer
Heating: Individual; Heat Pump
Cooling: Heat Pump
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking: Carport; Add'l Parking Avail
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text; Email; Phone Call
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: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional; No Carry
Environmental: None
Listing Office: Denali Real Estate, LLC
Last Updated: January - 03 - 2025
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