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37 E EL PARQUE Drive Tempe, AZ 85282
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Key Details
Sold Price $706,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6101102
Sold Date 02/01/21
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1957
Annual Tax Amount $3,647
Tax Year 2019
Lot Dimensions 152' X 115'
Property Description
Great 6 Unit Investment Opportunity or redevelopment opportunity In the heart of Tempe!! Located within walking distance to Arizona State University; one of the largest public universities in the country with total enrollment of over 82,000 students. This property needs a full makeover but once fully renovated the units will rent for: 2/1's - $1150-1200 p/mo 1/1's - $800-900 making asset est value $1m+. Deals like this are hard to come by in Tempe where you can make them your own and still have equity in the property.
Location
State AZ
County Maricopa
Zoning [M-H] [R-3]
Direction From Mill Ave and Broadway Rd: Head south on Mill Ae, turn left on E El Parque Dr, property is on the right hand side.
Interior
Heating Electric, Natural Gas
Cooling Evaporative Cooling
Flooring Other
Exterior
Parking Features Other (See Remarks)
Community Features No Pool
Amenities Available Other
Roof Type Composition
Total Parking Spaces 12
Building
Sewer Public Sewer
Water Individual Meter
New Construction No
Schools
Elementary Schools Broadmor Elementary School
Middle Schools Connolly Middle School
High Schools Tempe High School
School District Tempe Union High School District
Others
Senior Community No
Tax ID 133-23-019
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Cash
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Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Bought with Two Brothers Realty & Co
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