NOT LISTED FOR SALE

1917 E Broadway Rd Tempe, AZ 85282

Alameda Neighborhood
-- Bed
-- Bath
2,338 Sq Ft
8,712 Sq Ft Lot

Last Sold October 27, 2020

Last sale price $4,975,000 $2,128 Per Sq Ft

246 Days on Market

Highlights

  • Heated Community Pool
  • Resident Manager or Management On Site
  • Heating Available
  • Cooling Available
  • Vinyl Flooring

About This Home

As of October 2020

Situated along the frontage of Broadway Road in the heart of Tempe and the
southeast valley of Metro Phoenix, The Harlow presents a rare opportunity to
acquire a low-density 27-unit, completely renovated, luxury one- and two-story
apartment community that provides today's renters with a truly unique rental
experience. Built in 1963 using block construction, The Harlow consists of
20,550 square feet of rental space with an 761 square foot per unit average.
The property is individually metered for utilities with (19) two-bedroom
townhouse style units, (2) two-bedroom/two-bathroom units and (6)
one-bedroom/one-bathroom units. Each townhouse apartment has an open concept floor plan with expansive
nine-foot ceilings, quartz countertops, stainless steel appliances, custom
cabinetry, full-size side-by-side washers and dryers, wood plank flooring
throughout, designer paint, and many other luxury home touches.The extensive
property renovations include all new roofs, dual-pane doors and windows.
Other amenities include: ample parking, secure community with code entry
gates, enclosed dog park and swimming pools.The property also enjoys an
onsite management office allowing for convenient coordination with current
and prospective tenants.

Last Agent to Sell the Property

Royce Munroe

Munroe Multifamily License #BR512795000 Listed on: 01/28/2020

Munroe Multifamily

Last Buyer's Agent

Royce Munroe

ABI Multifamily License #BR512795000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,012

Year Built

  • Built in 1963

Lot Details

  • 8,712

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 40 Open Parking Spaces
  • 41 Parking Spaces
  • 1 Covered Space

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Vinyl Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 133-51-067-B

Community Details

Overview

  • 5 Buildings
  • 27 Units
  • Building Dimensions are unknown

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $83,944
  • Gross Income $420,925
  • Net Operating Income $323,972

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,012

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Broadway and McClintock
  • Property Type: Multiple Dwellings
  • Zoning: MF
  • Number Of Buildings: 5
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2019
  • Directions: East to property.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 24475.0
  • Garage Yn: Yes
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range, Compactor, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Compactor2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 40.0
  • Total Parking Spaces: 41.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 40.0
  • General Property Description:Total Parking Spcs: 41.0
  • Garage Details: Yes
  • Parking:_greater_1 Space Per Unit: 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: Manager Res/Office, Pool

Association/Amenities

  • Community Amenities:Pool2: Yes
  • Community Amenities:Manager ResOffice: Yes

Fee Information

  • Trash Expense: 2400.0
  • Annual Water Sewer Expense: 11981.0

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: unknown
  • Additional Parcels: Yes
  • Parcel #: 133-51-067-B

Multi Family

  • Owner Pays: Other, Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 27
  • Electric Expense: 2400.0
  • Annual Gross Income: 420925.05
  • Insurance Expense: 3564.0
  • Maintenance Expense: 6750.0
  • Property Net Operating Income: 323972.0
  • Annual Operating Expense: 83944.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 15012.0
  • Tax Book Number: 133.00
  • Tax Lot: -

Range of Values:

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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
10/27/2020 10/27/20 Sold $4,975,000 -5.7% $2,128 / Sq Ft
09/30/2020 09/30/20 Pending -- -- --
02/26/2020 02/26/20 Price Changed $5,275,000 -8.3% $2,256 / Sq Ft
02/21/2020 02/21/20 Price Changed $5,750,000 +9.5% $2,459 / Sq Ft
01/28/2020 01/28/20 For Sale $5,250,000 -- $2,246 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Royce Munroe

    Munroe Multifamily

    (480) 221-5449

    1 in this area

    22 Total Sales

    Royce Munroe
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6029583

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-51-105

Arizona Maricopa County Tempe 85282 Alameda

1917 E Broadway Rd, Tempe, AZ

This home is located at 1917 E Broadway Rd, Tempe, AZ 85282 since 28 January 2020. This property was built in 1963. 1917 E Broadway Rd is a home located in Maricopa County with nearby schools including Curry Elementary School, Connolly Middle School, and McClintock 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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