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$1,175,000

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1440 S STANLEY Place Tempe, AZ 85281

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Paul Sanchez

paul@phxreco.com +1(623) 388-1338

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Stanley Plat

MLS Listing ID 6855620

Maintenance Fees $1,900

Year Built 1960

Annual Tax Amount $2,278

Tax Year 2024

Lot Dimensions 10000 sf

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Prime dirt location on the doorstep to ASU, the 5th largest university in the US. This six unit complex has a lot to offer. All 1 bedroom unit mix Now 100% vacant. Owner will deliver vacant or re-leased. 10% 2nd position carry or low LTV/market rate carry possible. Located in an opportunity zone with 1000's of new units in process. Very low expenses w/ separate, tenant-paid electric/gas. Available individually or as part of a package of 15 units (see MLS 6851166). Value-add. Long-term, local-owner that has self-managed. Close to a 7 CAP historical income performance.

Location

State AZ

County Maricopa

Community Stanley Plat

Zoning R4

Direction Cul-de-sac, enter from Apache.

Interior

Heating Natural Gas, Floor Furnace, Wall Furnace

Cooling Window/Wall Unit

Flooring Other, Concrete

Appliance Free-Standing Range, Refrigerator

Exterior

Parking Features Free, >1 Space Per Unit

Community Features Other, See Remarks

Roof Type Composition

Private Pool No

Building

Sewer Sewer-In & Connected, Public Sewer

Water Master Meter, City Franchise

New Construction No

Schools

School District Tempe Union High School District

Others

Senior Community No

Tax ID 133-09-072

Acceptable Financing Other (See Remarks), Conventional

Disclosures Seller Prop Disc Stm

Listing Terms Other (See Remarks), Conventional

Listed by Better Homes & Gardens Real Estate SJ Fowler

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Paul Sanchez

Agent | SASA659433000

+1(623) 388-1338

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1440 S STANLEY Place Tempe, AZ 85281

Paul Sanchez

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1440 S STANLEY Place