NOT LISTED FOR SALE

1228 W 4th St Tempe, AZ 85281

Sunset Neighborhood
21 Beds
-- Bath
1,900 Sq Ft
1963 Built

Last Sold June 20, 2016

Last sale price $1,800,000 $947 Per Sq Ft

51 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Heating Available

About This Home

As of June 2016

Town Lake Apartments consists of six buildings with a total of 28 units located in bustling city of Tempe, Arizona. The property is located on the Northwest
corner of W. 4th Street and S. Beck Avenue, only 1.6 miles from ASU’s Tempe campus. The property was in built in 1963 of block construction with
pitched roofs and is individually metered for utilities. Laundry facility and a sparkling pool are located on-site. This property is a great value add opportunity
in such an amazing location. By lightly remodeling the property to meet updated demand in the area, and thus increasing rents, the property
will increase in value over night! Seller is motivated bring your offer's now!!!

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 02/29/2016

Co-Listed By

Baylee Estrada

Keller Williams Arizona Realty License #BR654361000

Last Buyer's Agent

Sophia Baron

Grace CRE License #BR648866000 Listed on: 02/29/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,389

Year Built

  • Built in 1963

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 28 Open Parking Spaces
  • 28 Parking Spaces

Schools

  • Broadmor Elementary School
  • Mckemy Middle School
  • Tempe Academy Of International Studies Mckemy High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 124-28-001-B

Community Details

Overview

  • 6 Buildings
  • 28 Units
  • Building Dimensions are 67953

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $87,249
  • Gross Income $210,000
  • Net Operating Income $100,690

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,389

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Priest Drive & 202
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 6
  • Year Built: 1963
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 28.0
  • Total Parking Spaces: 28.0
  • General Property Description:Uncvrd Parking Spcs: 28.0
  • General Property Description:Total Parking Spcs: 28.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Broadmor Elementary School
  • High School: Tempe Academy Of International Studies McKemy
  • Middle Or Junior School: McKemy Middle School

Lot Info

  • Lot Size: 67953
  • Additional Parcels: Yes
  • Parcel #: 124-28-001-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 28
  • Annual Gross Income: 210000.0
  • Property Net Operating Income: 100690.0
  • Annual Operating Expense: 87249.0

Tax Info

  • Tax Annual Amount: 9389.0
  • Tax Book Number: 124.00
  • Tax Lot: 0

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2016 06/20/16 Sold $1,800,000 -28.0% $947 / Sq Ft
04/20/2016 04/20/16 Pending -- -- --
02/29/2016 02/29/16 For Sale $2,500,000 +72.4% $1,316 / Sq Ft
11/04/2014 11/04/14 Sold $1,450,000 -3.0% $763 / Sq Ft
06/09/2014 06/09/14 Pending -- -- --
01/15/2014 01/15/14 For Sale $1,495,000 -- $787 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2016

    Sophia Baron

    Grace CRE

    (480) 375-0227

    87 Total Sales

    Section Image

  • B

    Seller Co-Listing Agent in 2016

    Baylee Estrada

    Keller Williams Arizona Realty

    (480) 688-8444

    Section Image
  • Christina Palermo

    Seller's Agent in 2014

    Christina Palermo

    Keller Williams Arizona Realty

    (602) 402-7500

    93 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5405692

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Tempe 85281 Sunset

1228 W 4th St, Tempe, AZ

This home is located at 1228 W 4th St, Tempe, AZ 85281 since 29 February 2016. This property was built in 1963. 1228 W 4th St is a home located in Maricopa County with nearby schools including Scales Technology Academy, Geneva Epps Mosley Middle School, and Tempe High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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