2604 E. Lemon St Tempe, AZ 85281
$305,000 | Townhome | 1976
Property Description
Nice Townhome in the heart of Tempe with 3 bedrooms/2 bathrooms. In the Oaks II HOA, a clean/well-maintained community just a few miles
from ASU. $187/month dues for the HOA.
Operating as a rental, the current rent is $1700/month with a lease expiring at the end of September. Value-add
property. Community pool. Appliances included. W/D hookups.
Note this is part of a package (including 2641 E. Orange-also $305,000). Available together as a package or sold individually.
Could work well for an investor or owner-occupant. Rent could be increased significantly. Offered at $269/sf, highly competitive for
Tempe. Very similar unit just closed for $320,000.
Buyer to complete and rely on own due diligence. Do not disturbe the tenants. Showings in Escrow only.
2641 E. Orange St Tempe, AZ 85281
$305,000 | Townhome | 1976
Property Description
Nice Townhome in the heart of Tempe with 3 bedrooms/2 bathrooms.
In the Oaks II HOA, a clean/well-maintained community just a few miles
from ASU. $187/month dues for the HOA.
Operating as a rental, the current rent is low at $1628.80 with a month-to-month lease in place.
Well-maintained property with cosmetic upgrades in the last few years.
Community pool. Appliances included. W/D hookups. Note this is part of a package (including 2604 E. Lemon-also $305,000). Available together as a package or sold individually.
Could work well for an investor or owner-occupant. Rent could be increased
significantly. Offered at $259/sf, highly competitive for Tempe. Very similar unit just closed for $320,000.
Buyer to complete and rely on own due diligence. Do not disturbe the tenants. Showings in Escrow only.
Are you thinking about putting your Multifamily Property for Sale?
Considering Buying Real Estate Investment Property?
Are you finding Multifamily for Sale that you want to buy?
I am a CCIM member - Only 6% of commercial brokers are CCIM members.
2310 W. Monroe St. Phoenix, AZ 85009
$325,000 | 2 Buildings - 2 units | 1937
Temporarily Off Market
Description
Nicely upgraded single family on an attractive block just west of the I-17 with many owner-occupied neighbors.
This Flemish brick house was sandblasted and offers newer unique windows. Excellent curb appeal.
The house includes a 2 bedroom/1 bath front portion; a separate attached studio with bath/kit/own entrance.
Bonus attached separate laundry/storage room. Just under 1500 sf total.
Clean garage with power as well. Property offers newer copper plumbing/sewer lateral; newer Low-E windows/treatments; HVAC unit; 10 yr roof; some newer electrical; plaster walls; newer carpet; and just painted.
Value-add kitchens/baths & flooring! Lots of possible uses of the space.
Could be appealing to both owner-occupants and investors.
R1-6 city zoned. Irrigated drip backyard.
Buyer to complete and rely on own due diligence.
2460 S. High View Circle Cottonwood, AZ 86326
Corner Off Mission Lane
$900,000 | 1987
Property Description
Fourplex - 3 BR/1.5 BA lower units -
3 BR/2BA in upper units (1063 /- SF each).
Very large units! Generous 10,853 SF.
Two duplex buildings with ample parking and a nice courtyard.
Great views of mountains as well!
Current Rents:
$1,074/ $1,275 / $1,035 / $1,195 (Very low!)
$4579 gross or $54,948/year projected
All leases are month-to-month or expire soon.
Projected to be operating at a 4.5 cap rate w/ lots of potential.
ALL NEW STUCCO EXTERIOR & REPAINT
at a cost of $42,000+. Just completed!
Cottonwood rental demand is off the charts!
Only $211/sf in one of the hottest rental markets in AZ!
Compare this to the much higher prices/sf in the Valley!
Rents should be much higher, especially with some cosmetic upgrades.
Close to all of the action, just 30 minutes to Sedona or Prescott!
Very low crime with an incredibly deep rental pool=Cash Flow!
Buyer to complete and rely on own due diligence. Do not disturbe the tenants. Showings in Escrow only.
All information is deemed reliable, but is not guaranteed. The recipient should complete and rely on own due diligence. Cass Stephens. All Rights Reserved.
cstephens@ccim.net License # BR650365000 Office License # CO101870005
S.J. Fowler Real Estate Investment
Multifamily Specialist, CCIM, MBA, J.D.
2200 E. Camelback Rd. Ste 110 Phoenix, AZ 85016
Cell: 602-672-3526
Email: cstephens@ccim.net
LinkedIn: www.linkedin.com/in/cassstephens
Facebook: @cassstephensphoenixmultifamily
Twitter: @cstephensccim
.