''The Traveler'' is comprised of (6) 1 bedroom units (448 sqf/ea) that all function as full time vacation rental units. The property features off-street parking & an enclosed common area w/ hot tub, community laundry, putting green & sitting area. All unit interiors have been extensively upgraded. The entire building received a new electrical system w/ separate metering installed in '20. New roof in '21. 2 New HVAC units in '21, other 4 units are newer, all w/ Nest thermostats. Located on a huge 15k+ SF corner lot the site could also offer development potential & possible future assemblage scenario. All furniture, appliances & hot tub convey in current condition.
- Price:
- $1,649,000
- Year Built:
- 1955
- Listing ID #:
- 6396943
- Street Address:
- 1019 E Tempe Dr
- City:
- Tempe
- State:
- Arizona
- Postal Code:
- 85281
- County:
- Maricopa
- Subdivision:
- North Tempe
- Listing Status:
- Active
- Listing Type:
- ResidentialMultiFamily
School District: 213 - Tempe Union High School District
- Construction Description:
- Block
- Exterior Features:
- Green Landscaping, Partially Fenced
- Flooring:
- Concrete
- Interior Features:
- Breakfast Bar, Fire/Smoke Alarm(s), Furnished, Mini Blinds
- Number Of Units:
- 6.00
- Siding:
- Painted, Stone
- Type Of Roof:
- Rolled
- Year Built:
- 1955
- Adjusted Gross Income:
- 151597.08
- Annual Electric Expenses:
- 6714.24
- Annual Gas Expenses:
- 1268.55
- Annual Insurance Expenses:
- 2342.00
- Annual Landscape Expenses:
- 500.00
- Annual Management Expenses:
- 32150.16
- Annual Water/Sewer Expenses:
- 1628.22
- Net Operating Income:
- 102330.91
- Operating Expense:
- 49266.17
- Conforms To Zoning:
- R-2
- Community Features:
- Barbecue, Golf/Putting Green, Heated Spa(s), No Pool, Other, Play Area
- Included In Sale:
- Land & Building, Laundry Equipment, Other (see Remarks), Personal Property, Pool Equipment
- Terms:
- 1031 Exchange, Conventional
- Owner Pays:
- Cable Tv, Electric, Gas, Landscaping, Pool/Spa Maintenance, Sewer, Trash Collection, Water
- Property Taxes:
- $2,021
- Parking Description:
- 1 Space/Unit, Street Parking
- Parking Spaces:
- 6.00
- Appliances:
- Bi Oven/Range, Microwave, Refrigerator, Washer/Dryer
- Cooling System:
- 2 Or More Units, Ceiling Fan(s), Central A/C, Electric, Individual
- Electricity:
- Aps, Individual Meter
- Existing Water:
- City Franchise, Master Meter
- Gas:
- Master Meter, Sw Gas
- Heating:
- 2 Or More Units, Electric, Natural Gas, Other, See Remarks
- Sewage Type:
- Sewer - Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Josh Wein with HomeSmart
