1244 N Rose Street, Tempe, AZ 85288

$1,550,000
Sold Price
$1,550,000
List Price
$1,599,000
Closing Date
Apr 20, 2023
Days on Market
91
Status
CLOSED
MLS#
6508373
City
Tempe
Subdivision
North Tempe 2
Year Built
1969

Property Description

DEVELOPMENT OPPORTUNITY! Fully renovated 5 plex with great unit mix, large backyards and room to develop 2 additional large units per current zoning. Four 2 bed 1 bath units (two duplexes) and one 3 bed 2 bath SFR fully occupied grossing $8,240/mo. All units have beeb fully gutted inside and out and all systems replaced. 4 new HVAC units, all New Roofs, All new electrical panels, all new windows, and entire interiors. Over $600,000 spent on this property.

Additional Information

School District
Tempe Union High School District
Community Features
No Pool
Construction
Siding, Painted, Stucco, Block
Cooling
2 or More Units, Central A/C, Ceiling Fan(s)
Electric
SRP
Heating
Central, 2 or More Units
New Financing
CTL, Conventional, 1031 Exchange, VA Loan, Wraparound, Trade
Parking Features
>1 Space Per Unit
Roofing
Composition, Foam
Sewer
Public Sewer
Subdivision
North Tempe 2
Taxes
$2,880
Tax Year
2022
Tenant Pays
Trash Collection, Gas, Electricity, Water, Sewer, Cable TV
Units
5
Water
City Franchise
Zoning
R-2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty Phoenix. Selling Office: Keller Williams Realty East Valley.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.