$3,110,000
SOLD MAR 15, 2019

2309 S College Ave Tempe, AZ 85282

Alameda Neighborhood
-- Bed
-- Bath
850 Sq Ft
1963 Built

Recently Sold

$3,659 Per Sq Ft

1% Below List Price

7 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heat Pump System
  • Community Barbecue Grill

About This Home

As of March 2019

Tempe Cottages is an 18-unit Contemporary Boutique Apartment Community located in this Highly Desirable Tempe location that has recently been Completely Renovated and Repositioned to include Premium Finishes with over $500k in Improvements! Solid Block Construction with Pitched Composition Shingle Roofs. The Renovated Units Feature Vaulted Ceilings, Modern Shaker Cabinetry, with Brushed Nickel Hardware, New Black Granite Countertops with White Subway-Tile Backsplashes and Polished Concrete Flooring,. Also included are Full Size/High End/Stainless Steel Appliances including built in Stainless Steel Dishwashers, Smooth Top Stoves, with Stainless Hood Vents, Washers & Dryers In-Suite, Pendant Lighting +More+. The property is located on .65 Acres w/ Attractive Low Water Use Desert Landscaping

Last Agent to Sell the Property

Rick Horst

Keller Williams Arizona Realty License #SA640657000 Listed on: 01/09/2019

Keller Williams Arizona Realty

Co-Listed By

Kerry Keezer

72SOLD License #SA643532000

Last Buyer's Agent

Dennis Kolodin

Metro Realty License #BR535429000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,622

Year Built

  • Built in 1963

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 10 Open Parking Spaces
  • 28 Parking Spaces
  • 18 Covered Spaces
  • Common or Shared Parking

Schools

  • Broadmor Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Additional Features

  • Concrete Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV
  • The owner pays for landscaping
  • Tax Lot 17
  • Assessor Parcel Number 133-26-018

Community Details

Overview

  • 3 Buildings
  • 18 Units
  • Building Dimensions are 230.88 x 123.20
  • Broadmor Manor 4 Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $33,713
  • Gross Income $226,421
  • Net Operating Income $193,105

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,622

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Broadway & Mill
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: Multi Family
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2018
  • Directions: Mill and Broadway, East on Broadway to College Avenue, South to property
  • Road Surface Type: Asphalt
  • Professional Management Expense: 11341.0
  • Co List Office Mls Id: kwaz10
  • Co List Office Phone: 480-767-3000
  • Subdivision Name: BROADMOR MANOR 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 18.0
  • Parking Features: Add'l Parking Avail, Common
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 28.0
  • General Property Description:Covered Parking Spcs: 18.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 28.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Individual, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 3070.0

Schools

  • Elementary School: Broadmor Elementary School
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Lot Size: 230.88 x 123.20
  • Additional Parcels: Yes
  • Parcel #: 133-26-018

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 18
  • Electric Expense: 580.0
  • Annual Gross Income: 226421.28
  • Insurance Expense: 3200.0
  • Maintenance Expense: 4500.0
  • Property Net Operating Income: 193105.0
  • Annual Operating Expense: 33713.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 5622.0
  • Tax Book Number: 133.00
  • Tax Lot: 17

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
08/09/2025 08/09/25 Price Changed $4,350,000 -4.4% --
06/12/2025 06/12/25 Price Changed $4,550,000 -3.0% --
01/02/2025 01/02/25 For Sale $4,690,000 +50.8% --
03/15/2019 03/15/19 Sold $3,110,000 -1.3% $3,659 / Sq Ft
01/08/2019 01/08/19 For Sale $3,150,000 -- $3,706 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Simon Bowen

    Seller's Agent in 2025

    Simon Bowen

    Denali Real Estate, LLC

    (480) 626-4062

    8 Total Sales

    Simon Bowen
    Section Image
  • Rick Horst

    Seller's Agent in 2019

    Rick Horst

    Keller Williams Arizona Realty

    (480) 767-3014

    37 Total Sales

    Rick Horst
    Section Image
  • Kerry Keezer

    Seller Co-Listing Agent in 2019

    Kerry Keezer

    72SOLD

    (480) 760-1494

    56 Total Sales

    Kerry Keezer
    Section Image

  • D

    Buyer's Agent in 2019

    Dennis Kolodin

    Metro Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5864913

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Tempe 85282 Alameda

2309 S College Ave, Tempe, AZ

This home is located at 2309 S College Ave, Tempe, AZ 85282 and is currently priced at $3,110,000, approximately $3,658 per square foot. This property was built in 1963. 2309 S College Ave is a home located in Maricopa County with nearby schools including Broadmor Elementary School, Connolly 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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