NOT LISTED FOR SALE
26 Beds
13 Baths
850 Sq Ft
0.59 Acres

Last Sold June 27, 2012

Last sale price $695,000 $818 Per Sq Ft

12 Days on Market

Highlights

  • Heated Community Pool
  • Painted or Stained Flooring
  • Multiple Heating Units
  • Multiple cooling system units
  • Community Barbecue Grill

About This Home

As of June 2012

Great long term investment opportunity. Spacious 850 Sq.ft. 2bed/1 bath apartment units. Close to Freeway System-loop 202 & 101 Nice sparkling pool Located Less Than 1/2 Mile from Light Rail Station Centrally Located Close to ASU Near Downtown Restaurants, Shops & Entertainment Walk-in closets Ample Covered Parking Freeway Access On site Laundry Facility. On the Orbit Transportation line!!(Free small bus service serving Tempe)

Last Listed By

Jack Cardon

Cardon Commercial License #BR108442000 Listed on: 05/30/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 0.59

Home Design

  • Wood Frame Construction
  • Composition Shingle Roof
  • Stucco

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven
  • Dishwasher
  • Disposal

Flooring

  • Painted or Stained Flooring
  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • Paved Parking
  • Additional Parking
  • On-Street Parking
  • Assigned Parking

Utilities

  • Multiple cooling system units
  • Multiple Heating Units

Listing and Financial Details

  • Tenant pays for cable TV, electric, sewer, water
  • The owner pays for electric, landscaping, pool/spa maintenance, trash collection, water

Community Details

Overview

  • $6,944 per year Dock Fee
  • 13 Units
  • Building Dimensions are 25,544

Recreation

  • Heated Community Pool

Additional Features

  • Community Barbecue Grill
  • Insurance Expense $1,950

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Tax Municipality: Tempe
  • Appliances Included: Dishwasher, Disposal, F/S Oven/Range, Refrigerator
  • Construction Finish: Painted, Stucco
  • Cross Street: McCintock/University
  • Environmental: Phase I Available
  • Floors: Carpet, Ceramic Tile, Vinyl
  • Legal Info Lot Number: 7
  • Roads Streets: Asphalt, Curb(s) & Gutter(s), Dedicated Street, Sidewalk(s)
  • Property Type: F
  • Marketing Name: Hayden Lane Apartments
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 14.00
  • Map Code Grid: R37
  • Year Built: 1985
  • Tax Year: 2011
  • Directions: Going South on McClintock take the second left past University onto Hayden Lane to community
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Fire/Smoke Alarm(s), Unfurnished, Vertical Blinds

Exterior Features

  • Exterior Amenities: Cable TV Available, Fenced, Green Landscaping, Security Light(s), Separate Storage
  • Roofing: Comp Shingle
  • Construction: Frame - Wood

Garage/Parking

  • Parking: Add'l Parking Avail, Assigned, Carport, Free, Paved Parking, Street Parking
  • Total Parking Spaces: 26.00
  • Covered Parking Spaces: 12.00

Utilities

  • Water: City Franchise, Individual Meter
  • Electric: SRP
  • Cooling: 2 or More Units, Ceiling Fan(s), Electric, Individual
  • Heating: 2 or More Units, Electric

Condo/Co-op/Association

  • Community Amenities: Barbecue, Pool

Lot Info

  • Lot Size: 25,544

Multi Family

  • Income And Expenses Adjusted Gross Inc: 93652.24
  • Income And Expenses Annual Elec Exp: 3250.00
  • Income And Expenses Annual Ins Exp: 1950.00
  • Income And Expenses Annual Landscape Exp: 2600.00
  • Income And Expenses Annual Maint Exp: 5200.00
  • Income And Expenses Annual Mgmt Exp: 2600.00
  • Income And Expenses Annual Other Expense: 10400.00
  • Income And Expenses Annual Rplcmnt Rsrvs: 2400.00
  • Income And Expenses Annual Trash Exp: 1300.00
  • Income And Expenses Annual Water Sewer Exp: 4550.00
  • Income And Expenses Gross Annual Sch Inc: 101400.00
  • Income And Expenses Net Operating Income: 52457.92
  • Income And Expenses Operating Exp: 41194.32
  • Income And Expenses Other Income: 5023.00
  • Income And Expenses Totl Mnth Rntal Inc: 8450.00
  • Income And Expenses Vacancy Allowance: 0.12
  • Number Of Two Bedroom Units: 13
  • Owner Pays: Electric, Landscaping, Pool/Spa Maintenance, Trash Collection, Water
  • Tenant Pays: Cable TV, Electric, Sewer, Water
  • Total Numberof Buildings: 2
  • Total Numberof Units: 13.00
  • Two Bedroom Units Avg Rent: 650.00
  • Two Bedroom Units Avg Sq Ft: 850
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 6944.32

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
06/27/2012 06/27/12 Sold $695,000 +1.0% $818 / Sq Ft
06/11/2012 06/11/12 Pending -- -- --
05/30/2012 05/30/12 For Sale $688,000 -- $809 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4766476

Arizona Regional Multiple Listing Service (ARMLS)