NOT LISTED FOR SALE

2423 E Apache Blvd Tempe, AZ 85281

Apache Neighborhood

Estimated Value: $1,570,020

9 Beds
5 Baths
-- Sq Ft
0.95 Acres

Last Sold June 09, 2022

Last sale price $1,470,000

Est. 7% increase in value since last sale

Current estimated payment $9,446/month

19 Days on Market

Highlights

  • Central Heating and Cooling System
  • 1-minute walk to Price-101 Fwy/Apache Blvd
  • 4-minute walk to Esquer Park
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of June 2022

Huge Tempe 4 plex (some work needed)+ Retail Space currently being used as a flower shop on an acre lot. Large lot allows room for multi family development or leave property as is & use extra land for community garden etc. This is an amazing Live-Work opportunity with light rail station adjacent to the property.
The 4 units consist of:
2bed 1 bathroom 850 SF
2bed 1 bathroom 1,000 SF
2bed 2bathroom 1400 SF
3 Bedroom 1 bathroom 1500
Retail space consists of 1500 SF plus a 300 SF basement +shed space 1200 SF.
Retail space has many possibilities: coffee shop, breakfast shop, art studio, office space, Farmers market, etc.
Flood irrigation, covered parking, Close to the canal for running and biking.
Easy access to the 101, Close to ASU, Tempe Market Place. Come and see.

Last Listed By

Don Mortensen

LRA Real Estate Group, LLC License #BR529840000 Listed on: 04/11/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,921

Year Built

  • Built in 1950

Lot Details

  • 0.95

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 10 Parking Spaces
  • Carport
  • Free Parking

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 134-35-034-C

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $7,921
  • Net Operating Income $6,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,921

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: Price Road and Apache Blvd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: C-G, MH
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2021
  • Directions: Price Road and Apache Blvd: East on Apache to property on south side of the road
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: C
  • Cooling:Central Air: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Built-Up, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Free, Carport
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking Features:Carport: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 134-35-034-C

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 4
  • Property Net Operating Income: 6000.0
  • Annual Operating Expense: 7921.0

Tax Info

  • Tax Annual Amount: 7921.0
  • Tax Book Number: 134.00
  • Tax Lot: --

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2024
Sold by
Tempe Coalition and Affordable Hsn
Bought by
Tempe Community Action Agency Inc
Total Days on Market
19
Current Estimated Value
$1,570,020

Purchase Details

Closed on
Aug 18, 2022
Sold by
Tempe Canal Holdings Llc
Bought by
Tempe Coalition For Affordable Housing Inc

Purchase Details

Listed on
Apr 11, 2022
Closed on
Jun 7, 2022
Sold by
Johnson David L and Johnson Pamela
Bought by
Tempe Canal Holdings Llc
Seller's Agent
Don Mortensen
LRA Real Estate Group, LLC
Buyer's Agent
Don Mortensen
LRA Real Estate Group, LLC
List Price
$1,395,000
Sold Price
$1,470,000
Premium/Discount to List
$75,000
5.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.20%

Purchase Details

Closed on
Jun 3, 2000
Sold by
Johnson David L and Johnson Pamela L
Bought by
Johnson David L and Johnson Pamela L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,500
Interest Rate
8.24%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 27, 2000
Sold by
Wilson Victor Devon and Wilson Janiece Ann
Bought by
Johnson David L and Johnson Pamela Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,500
Interest Rate
8.24%
Mortgage Type
Seller Take Back

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tempe Community Action Agency Inc $2,053,638 Stewart Title & Trust Of Phoen
Tempe Coalition For Affordable Housing Inc $1,750,000 Stewart Title & Trust Of Phoen
Tempe Canal Holdings Llc $1,470,000 Old Republic Title
Johnson David L -- --
Johnson David L $234,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson David L $234,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2022 06/09/22 Sold $1,470,000 +5.4% --
04/27/2022 04/27/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $1,395,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 -- $71,095 -- --
2024 $8,384 $69,185 -- --
2023 $8,384 $108,815 $76,203 $32,612
2022 $7,824 $97,946 $67,610 $30,336
2021 $7,921 $92,192 $62,148 $30,044
2020 $7,816 $78,502 $48,576 $29,926
2019 $7,259 $72,908 $42,717 $30,191
2018 $7,053 $70,539 $41,923 $28,616
2017 $6,822 $66,314 $38,817 $27,497
2016 $6,664 $58,865 $33,753 $25,112
2015 $6,377 $48,994 $29,925 $19,069
Source: Public Records

Agents Affiliated with this Home

  • Don Mortensen

    Seller's Agent in 2022

    Don Mortensen

    LRA Real Estate Group, LLC

    (480) 526-5644

    7 in this area

    123 Total Sales

    Don Mortensen
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6381168

Arizona Regional Multiple Listing Service (ARMLS)

APN: 134-35-034C

Arizona Maricopa County Tempe 85281 Apache

2423 E Apache Blvd, Tempe, AZ

Homes for Sale in Tempe, AZ

This home is located at 2423 E Apache Blvd, Tempe, AZ 85281 since 11 April 2022 and is currently priced at $1,570,020. This property was built in 1950. 2423 E Apache Blvd is a home located in Maricopa County with nearby schools including Webster Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary 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