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Listing 11 out of 39
Sold for $1,135,000 Sold

1217 Farmer Avenue
Tempe, AZ 85281

7 units | Multi Family Home - MLS# 5903711
Property Photo

Sold

Sold for $1,135,000 on May 6, 2019

Description

Farmer Apartments is a fully rented 7 units 3 blocks from ASU. These apartments all have been updated and super easy to rent. The duplex are both two bedroom one bath units. One bedroom one bath house in the back with common area seller owned coin operated laundry. The 4 plex features all studios. There is onsite storage for additional income. Rents are in process of being increased from rents not being raised in years. Super maintained property would also make a perfect short term rental as well or vacation rental. Owner is willing to trade into office space in zip codes 85281 or 85281. Please drive by only tenants are unaware of the sale.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $1,150,000
  • County/Area: Maricopa County
  • Zip Code: 85281
  • Year Built: 1961
  • School District: 213 - Tempe Union High School District
  • Middle School: Tempe High School
  • High School: Tempe Academy Of International Studies McKemy Campus
  • Units: 7 units
  • # of Parking Spaces: 12
  • Zoning: R-3
  • 1 Bedroom Units: # 1 Bedroom Units: 1
  • 1 Bedroom Units: # Baths: 1
  • 1 Bedroom Units: Avg Rent: 1200.00
  • 1 Bedroom Units: Avg SqFt: 400
  • 2 Bedroom Units: # 2 Bedroom Units: 2
  • 2 Bedroom Units: # Baths: 1
  • 2 Bedroom Units: Avg Rent: 1250.00
  • 2 Bedroom Units: Avg SqFt: 700
  • Appliances Included: BI Oven/Range, Refrigerator, Dishwasher, Disposal, Washer/Dryer
  • Complex Features: No Pool, Manager Res/Office
  • Const - Finish: Brick Trim/Veneer
  • Construction: Block
  • Cooling: Electric Refrigeratd, Window/Wall Unit
  • Efficiency Units: # Baths: 1
  • Efficiency Units: # Efficiency Units: 4
  • Efficiency Units: Avg Rent: 799.00
  • Efficiency Units: Avg SqFt: 400
  • Electric: APS, Individual Meter
  • Exterior Features: Landscape Wtr System, Desert Landscaping, Partially Fenced, Satellite Dish, Pet Restrictions, Separate Storage
  • Floors: Ceramic Tile
  • Gas: Individual Meter, SW Gas
  • Heating: Gas, Heat Pump, Wall Furnace
  • High School Dist #: 210 - Phoenix Union High School District
  • Interior Features: Furnished, Fire/Smoke Alarm(S), Mini Blinds, Water Softener(S)
  • Lot Dimensions: IRR
  • Marketing Name: Farmer Apartments
  • Mob-Home-Park: # Storage Spaces: 6
  • Net Income: 68300.00
  • Owner Pays: Water, Sewer, Trash, Landscaping
  • Parking: Free, Paved Parking, >1 Space Per Unit
  • Property Description: 5 - 12 Units
  • Roads/Streets: Asphalt/Blacktop, Curb(s) & Gutter(s)
  • Roofing: Comp Shingle
  • Sale Includes: Land & Building, Personal Property
  • Sewer: Sewer - Public
  • Tenant Pays: Electric, Gas, Cable TV
  • Water: Master Meter, City Franchise
  • Sold Price: 1135000.00
  • Sold Date: 2019-05-06
Courtesy of CentrixUSA



Bob Nachman | 
480-314-1868 | Contact Me
8510 E. Shea Blvd., Suite 100 - Scottsdale, AZ 85260
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