Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$5,700,000
Last Modified:
2/25/2022
Search
534 E Huntington Drive, Tempe, AZ 85282
$5,700,000
Description
Life is a beach at Twenty on Huntington! This amazing investment in the heart of Tempe with no HOA. Private pool all units have covered parking and ends in cul-de-sac. 542 E Huntington included in sale a total of 34,480 sq feet for both parcels. Incredible unit mix 16 two bedrooms and 4 ones beds. This property is being sold as is and seller is open to offers before renovation is complete. New rents on units are 1550 to 1600 plus tax on 2 bedrooms one bath units. One bedroom units new rents are $1450 plus tax. Current seller broker is process of renting out and remodeling process and stabilizing property. Drive by only tenants are unware of sale. Owner agent. All facts and figures are approximate buyer verify MLS information.
More Information MLS# 6360352
Contract Info
Current Price: $5,700,000
Sold Price: $5,700,000
Status: Closed
List Date: 2022-02-25
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: R37
House Number: 534
Compass: E
Street Name: Huntington
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Country: USA
County Code: Maricopa
Assessor Number: 133-28-069
Tax Year: 2020
General Property Description
Lot Size Dimensions: irr
Year Built: 1967
Uncvrd Parking Spcs: 20
Total # of Units: 20
# of Buildings: 1
Zoning: Multi
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Remarks Misc
Cross Street: Southern and Rural
Geo Lat: 33.394098
Geo Lon: -111.92986
Status Change Info
Status Change Date: 2022-02-25
Off Market Date: 2022-02-25
Under Contract Date: 2022-02-25
Close of Escrow Date: 2022-02-25
Sold Price: $5,700,000
Legal Info
Lot Number: 104
Income Expenses
Gross Annual Sch Inc: 367200
Net Operating Income: 291393
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1450
Avg SqFt: 650
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 16
Avg Rent: 1550
Avg SqFt: 900
# Baths: 1
Sold Info
Loan Type: Conventional
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Painted
Roofing: Other (See Remarks)
Floors: Vinyl; Carpet
Sale Includes: Land & Building; Personal Property
Community Amenities: Pool; Spa(s)
Interior Amenities: Unfurnished
Appliances Included: F/S Oven/Range; Refrigerator; Disposal; Washer/Dryer
Cooling: Electric
Water: City Franchise
Sewer: Sewer-In & Connected
Electric: SRP
Gas: SW Gas
Parking: Other (See Remarks)
Owner Pays: Water; Trash Collection; Landscaping; Pool/Spa Maintenance
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Projected Proforma
Special: Owner/Agent
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: Conventional
Environmental: None
Listing Office: Grace CRE
Last Updated: February - 25 - 2022
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