912 E Weber Drive, Tempe, AZ 85288
- $485,000
- Sold Price
- $485,000
- List Price
- $495,000
- Closing Date
- Jun 17, 2024
- Days on Market
- 188
- Status
- CLOSED
- MLS#
- 6634148
- City
- Tempe
- Subdivision
- Tempe North
- Year Built
- 1957
Property Description
Investors DREAM property!! Location, Location, Location!! RARE R2 Zoning!! So, you can add a ADU per code for additional income if you want! Current tenants are renting the main house (west 3/4 of the of the home) and the adjacent studio apartment (east 1/4 of the home) for $2k/mo, which is slightly below the market rate. Current tenants' relative lives in the studio (which currently has no bathroom, so they use the main home bathroom) and that's why it is listed as a 4 bed/1 bath. LESS than a mile to Hwy 202 & Tempe Town Lake! A GREAT BUY & HOLD INVESTMENT to collect cashflow and to be in a HIGH GROWTH area! Highest and best use is to: add a bathroom to the east side studio (see captions on photos for info) and then rent the main house (est $1.8k/mo) and the studio separately (est $ 1k/mo) and/or build a separate rental property in the backyard, check with City for full info. Home was cosmetically remodeled in Jan 2021. Home is the first home on the North side of Weber Dr off Scottsdale Rd., directly next to the convenience store with the newer Best Western Hotel located directly behind the home. Tax records indicate the hotel recently sold for $20m in Nov 2023; and the tax value for the apartment complex to be around $100m; and the Del Taco across from this property sold for nearly $4m in 2022; etc. Drive by ONLY - do NOT disturb the tenants, thank you.
Additional Information
- Elementary School
- Cecil Shamley School
- High School
- McClintock High School
- Middle School
- McKemy Middle School
- School District
- Tempe Union High School District
- Community Features
- Other
- Construction
- Brick Veneer, Wood Frame, Painted, Stucco, Block
- Cooling
- Electric, Heat Pump
- Electric
- SRP
- Flooring
- Ceramic Tile, Vinyl
- Heating
- Heat Pump, Natural Gas
- New Financing
- CTL, Conventional, 1031 Exchange, VA Loan
- Parking Features
- RV Access/Parking, Paved, On Street
- Roofing
- Composition
- Sewer
- Public Sewer
- Subdivision
- Tempe North
- Taxes
- $1,303
- Tax Year
- 2023
- Units
- 2
- Water
- City Franchise
- Zoning
- R2
Courtesy of Windermere Real Estate & Property Management. 602-319-5363 Selling Office: West USA Realty.
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