NOT LISTED FOR SALE

534 E Huntington Dr Tempe, AZ 85282

Alameda Neighborhood
36 Beds
-- Bath
1,550 Sq Ft
1967 Built

Last Sold February 25, 2022

Last sale price $5,700,000 $3,677 Per Sq Ft

Highlights

  • Heated Community Pool
  • Carpet
  • Heating Available
  • Cooling Available

About This Home

As of February 2022

Life is a beach at Twenty on Huntington! This amazing investment in the heart of Tempe with no HOA. Private pool all units have covered parking and ends in cul-de-sac. 542 E Huntington included in sale a total of 34,480 sq feet for both parcels. Incredible unit mix 16 two bedrooms and 4 ones beds. This property is being sold as is and seller is open to offers before renovation is complete. New rents on units are 1550 to 1600 plus tax on 2 bedrooms one bath units. One bedroom units new rents are $1450 plus tax. Current seller broker is process of renting out and remodeling process and stabilizing property. Drive by only tenants are unware of sale. Owner agent. All facts and figures are approximate buyer verify MLS information.

Last Listed By

Sophia Baron

Grace CRE License #BR648866000 Listed on: 02/25/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,701

Year Built

  • Built in 1967

Lot Details

  • Additional Parcels

Home Design

  • Block Exterior

Flooring

  • Carpet
  • Vinyl

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping, pool/spa maintenance
  • Tax Lot 104
  • Assessor Parcel Number 133-28-069

Community Details

Overview

  • 20 Units
  • Building Dimensions are irr

Recreation

  • Heated Community Pool
  • Community Spa

Building Details

  • Operating Expense $67,701
  • Gross Income $359,094
  • Net Operating Income $291,393

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,701

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Cross Street: Southern and Rural
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1967
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Professional Management Expense: 14000.0
  • Co List Office Mls Id: grcr001
  • Co List Office Phone: 602-758-9981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Other (See Remarks)
  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 20.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking:Other (See Remarks)24: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Spa(s), Pool

Association/Amenities

  • Community Amenities:Pool2: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 8000.0
  • Annual Water Sewer Expense: 10000.0

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: irr
  • Additional Parcels: Yes
  • Parcel #: 133-28-069

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 20
  • Electric Expense: 1500.0
  • Annual Gross Income: 359094.0
  • Insurance Expense: 12000.0
  • Maintenance Expense: 10000.0
  • Property Net Operating Income: 291393.0
  • Annual Operating Expense: 67701.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 9701.0
  • Tax Book Number: 133.00
  • Tax Lot: 104

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
02/25/2022 02/25/22 Sold $5,700,000 -3.4% $3,677 / Sq Ft
02/25/2022 02/25/22 Pending -- -- --
02/25/2022 02/25/22 For Sale $5,900,000 0.0% $3,806 / Sq Ft
11/01/2021 11/01/21 Rented $1,750 0.0% --
10/29/2021 10/29/21 For Rent $1,750 +17.1% --
08/18/2021 08/18/21 Rented $1,495 0.0% --
08/03/2021 08/03/21 For Rent $1,495 -- --
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: 6360352

Arizona Regional Multiple Listing Service (ARMLS)