405 S Priest Drive, Tempe, AZ 85281
- $1,810,000
- Sold Price
- $1,810,000
- List Price
- $1,995,000
- Closing Date
- Mar 25, 2024
- Days on Market
- 140
- Status
- CLOSED
- 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.
Additional Information
- School District
- Tempe Union High School District
- Community Features
- No Pool
- Construction
- Painted, Block
- Cooling
- Electric
- Electric
- APS
- Flooring
- Vinyl
- Heating
- Electric
- New Financing
- Owner May Carry, Conventional, 1031 Exchange
- Parking Features
- 1 Space/Unit, On Street
- Roofing
- Composition
- Sewer
- Public Sewer
- Taxes
- $5,289
- Tax Year
- 2022
- Units
- 10
- Water
- City Franchise
- Zoning
- MF
Courtesy of ABI Multifamily. 602-714-1400 Selling Office: ABI Multifamily.
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