405 S Priest Drive, Tempe, AZ 85281
- $2,390,000
- List Price
- $2,390,000
- Days on Market
- 33
- Status
- ACTIVE
- MLS#
- 6627699
- City
- Tempe
- Year Built
- 1961
Property Description
Seller financing available! This well-maintained, value-add 10-unit property consists of three contiguous parcels, two addressed 405 S Priest Dr (APNs 124-28-031-C and 124-28-031-B) as well as 1325 W 4th St (APN 124-28-030), offering multiple exit strategies for a buyer. Electric has been redone and plumbing lines have been partially redone since current ownership. The property features a healthy unit mix of (8) one-bed / one-bath units and (2) two-bed / one-bath units. On-site parking is available for the tenants. There is a small courtyard area between the 4-plexes and a sizable backyard behind the duplex. All leases are month-to-month or ending soon, so great opportunity for immediate value-add in both interior and exterior renovations. Less than two miles from downtown Tempe and ASU.
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Additional Information
- School District
- Tempe Union High School District
- Construction
- Block
- Cooling
- Electric
- Electric
- APS
- Exterior Amenities
- Desert Landscaping
- Finish
- Painted
- Floors
- Vinyl
- Gas
- None
- Guest House SqFt
- 12
- Heating
- Electric
- New Financing
- 1031 Exchange, Conventional, Seller May Carry
- Parking
- 1 Space/Unit, Street Parking
- Project Type
- 5 - 12 Units
- Roofing
- Comp Shingle
- Sewer
- Sewer - Public
- Taxes
- $5,289
- Tenant Pays
- Cable TV, Electric
- Units
- 10
- Water
- City Franchise
- Zoning
- MF
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Listing courtesy of ABI Multifamily.
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