NOT LISTED FOR SALE

Estimated Value: $616,000 - $1,065,000

Studio
-- Bath
1,551 Sq Ft
$492/Sq Ft Est. Value

Sale Details

Date Sold: February 18, 2025

Last sale price $707,500 $456 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,287 / mo

195 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heating Available
  • Broadmor Elementary School Rated 9+

About This Home

As of February 2025

If you know the Tempe area, you know THIS is the location to be in as an investor! Located directly next to the highly desirable neighborhood of Broadmor, this single-level, fully occupied 4-unit will be a valuable addition to your investment portfolio whether you're an experienced investor or just starting out. This prime investment opportunity consists of Three(3)-1bd/1ba units plus One(1) 2bd/1ba unit, each unit with its own convenient dedicated parking spot in the rear, individually metered electric. Many updates throughout! Highly desirable central location with high tenant demand!
Don't miss out on this exceptional opportunity to own a multifamily property in one of Tempe's most sought-after locations! Buyer to verify all facts and figures to their satisfaction.

Last Agent to Sell the Property

Scott Fuller

Barrett Real Estate License #BR689345000 Listed on: 06/25/2024

Barrett Real Estate

Last Buyer's Agent

Steele Nash

eXp Realty License #SA699499000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,111

Year Built

  • Built in 1961

Lot Details

  • Property fronts an alley

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 9
  • Assessor Parcel Number 133-25-021

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7283
  • Sunset Vista Subdivision

Building Details

  • Operating Expense $13,311
  • Gross Income $45,771
  • Net Operating Income $32,460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,111

Year Built

Built in 1961

Lot Details

7,275 Sq Ft Lot

Listing Details

  • Cross Street: Broadway & Rural
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2023
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2400.0
  • Subdivision Name: SUNSET VISTA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Window/Wall Unit, Electric, Individual
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 720.0
  • Annual Water Sewer Expense: 1440.0

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 7283
  • Additional Parcels: No
  • Parcel #: 133-25-021

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 45771.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 4000.0
  • Property Net Operating Income: 32460.0
  • Annual Operating Expense: 13311.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2111.0
  • Tax Book Number: 133.00
  • Tax Lot: 9

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2025
Sold by
Bought by
Current Estimated Value
$762,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,750
Outstanding Balance
$616,040
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$146,687

Purchase Details

Listed on
Jun 25, 2024
Closed on
Jan 27, 2025
Sold by
Bought by
Seller's Agent
Scott Fuller
Barrett Real Estate
Buyer's Agent
Steele Nash
eXp Realty
List Price
$825,000
Sold Price
$707,500
Premium/Discount to List
-$117,500
-14.24%
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.60%
Original Mortgage
$672,125
Interest Rate
6.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2018
Sold by
Bought by

Purchase Details

Closed on
Mar 13, 2012
Sold by
Bought by

Purchase Details

Closed on
May 6, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.87%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- American Title Service Agency
$707,500 Navi Title Agency
-- None Available
-- None Available
$170,000 First American Title Ins Co
-- Ticor Title Agency Of Az Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $618,750
Previous Owner $672,125
Previous Owner $150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/18/2025 02/18/25 Sold $707,500 -9.9% $456 / Sq Ft
02/10/2025 02/10/25 Price Changed $785,000 0.0% $506 / Sq Ft
01/08/2025 01/08/25 Pending -- -- --
01/02/2025 01/02/25 Price Changed $785,000 -4.8% $506 / Sq Ft
06/26/2024 06/26/24 For Sale $825,000 -- $532 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,287 $19,079 -- --
2024 $2,111 $18,170 -- --
2023 $2,111 $69,820 $13,960 $55,860
2022 $2,025 $55,480 $11,090 $44,390
2021 $2,039 $46,150 $9,230 $36,920
2020 $1,977 $38,450 $7,690 $30,760
2019 $1,940 $33,250 $6,650 $26,600
2018 $1,892 $27,330 $5,460 $21,870
2017 $1,835 $23,710 $4,740 $18,970
2016 $1,822 $22,130 $4,420 $17,710
2015 $1,751 $22,230 $4,440 $17,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6723731

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-25-021

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