$460,000
SOLD DEC 1, 2017

908 S Dorsey Ln Tempe, AZ 85281

Downtown Tempe Neighborhood
-- Bed
-- Bath
768 Sq Ft
871 Sq Ft Lot

Recently Sold

$599 Per Sq Ft

8% Below List Price

54 Days on Market

About This Home

As of December 2017

Terrific single level Tempe 4-plex! 100% occupied. Units all 2BR, 1BA, private back yards w/block fence, 3,077SF interior & 8536SF lot. Well maintained building, brick construction, green landscaping, ample parking, community laundry. Tenants pay for electric & gas. Owner pays landscaping, water & laundry electric. No HOA. Great location - walking distance to ASU campus & light rail station. On the Orbit bus route - making it easy to rent. Leases are Unit #25 - $825 exp 10/31/17, #26 - $850 exp 11/30/17, #27 - $835, exp 5/1/15 (MTM), #28 - $850, exp 4/11/18. There are two buildings of 2 units each giving tenants more privacy. No interior inspections until accepted contract. Do not disturb tenants! Addresses are 906 & 908 S Dorsey. 2 buildings, 2 units each, 1 APN.

Last Agent to Sell the Property

Pat Hune

1st Southwest Realty, LLC License #BR529524000 Listed on: 08/30/2017

Last Buyer's Agent

Kenneth Millar

Peak Realty Advisors License #BR559417000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,611

Year Built

  • Built in 1961

Home Design

  • Brick Exterior Construction
  • Composition Roof

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Over 1 Space Per Unit

Schools

  • Cecil Shamley Elementary School
  • Mcclintock High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 7
  • Assessor Parcel Number 132-73-145

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 8536SF
  • Malaran Park 1 Subdivision

Building Details

  • Operating Expense $11,236
  • Gross Income $20,160
  • Net Operating Income $15,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,611

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Rural & University
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: MF
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2017
  • Directions: East to Dorsey, S to Orange (no parking on Dorsey). Park on Orange (note street sweeping schedule) Property is on the west side of Dorsey N of Orange. Look for address 900. Do not disturb tenants!
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3225.0
  • Subdivision Name: MALARAN PARK 1
  • Construction Brick: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Free-Standing Range, Other, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick
  • Roof: Composition

Garage/Parking

  • Parking Features: Add'l Parking Avail, >1 Space Per Unit
  • 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 Features >1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Elementary School: Cecil Shamley School
  • High School: McClintock High School
  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 8536SF
  • Additional Parcels: No
  • Parcel #: 132-73-145

Multi Family

  • Owner Pays: Other, See Remarks, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Electric Expense: 400.0
  • Annual Gross Income: 20160.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 15440.0
  • Annual Operating Expense: 11236.0
  • Vacancy Allowance Rate: 0.5

Tax Info

  • Tax Annual Amount: 1611.0
  • Tax Book Number: 132.00
  • Tax Lot: 7

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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
03/01/2018 03/01/18 Rented $1,150 0.0% --
02/06/2018 02/06/18 Price Changed $1,150 -2.1% $2 / Sq Ft
01/23/2018 01/23/18 For Rent $1,175 0.0% --
12/01/2017 12/01/17 Sold $460,000 -8.0% $599 / Sq Ft
10/23/2017 10/23/17 Pending -- -- --
10/16/2017 10/16/17 For Sale $499,900 0.0% $651 / Sq Ft
09/29/2017 09/29/17 Pending -- -- --
09/22/2017 09/22/17 For Sale $499,900 0.0% $651 / Sq Ft
09/21/2017 09/21/17 Pending -- -- --
09/17/2017 09/17/17 For Sale $499,900 0.0% $651 / Sq Ft
09/16/2017 09/16/17 Pending -- -- --
08/30/2017 08/30/17 For Sale $499,900 -- $651 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2018

    Kenneth Millar

    Peak Realty Advisors

    Section Image
  • Pat Hune

    Seller's Agent in 2017

    Pat Hune

    1st Southwest Realty, LLC

    (480) 703-1976

    63 Total Sales

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5653653

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Tempe 85281 Downtown Tempe

908 S Dorsey Ln, Tempe, AZ

This home is located at 908 S Dorsey Ln, Tempe, AZ 85281 and is currently priced at $460,000, approximately $598 per square foot. This property was built in 1961. 908 S Dorsey Ln is a home located in Maricopa County with nearby schools including Laird Elementary School, McClintock High School, and New School for the Arts & Academics.

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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