$9,000,000
Tempe, AZ 85281
MLS# 6444558
Status: Closed
1 / 8
Details
Contract Info
Ownership: Fee Simple
Current Price: $9,000,000
Sold Price: $9,000,000
Status: Closed
List Date: 2022-08-03
Location, Tax & Legal
Assessor's Map #: 73
Legal Description (Abbrev): TRACT B TERRACE PARK 1 MCR 009420
Assessor's Parcel #: 158
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319101
Taxes: 27654
Legal: to be provided at title
Marketing Name: Park Terrace
Map Code/Grid: R37
House Number: 1011
Compass: E
Street Name: ORANGE
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 4048
County Code: Maricopa
Subdivision: TERRACE PARK 1
Assessor Number: 132-73-158-B
Tax Year: 2021
General Property Description
# of Buildings: 4
Uncvrd Parking Spcs: 2
Lot Size Dimensions: unknown
Total # of Units: 40
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Year Built: 1963
Zoning: R-4
Legal Info
Range: 4E
Section: 23
Township: 1N
Lot Number: unknown
Project Type
25 - 50 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Other: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 27654
Other Income: 32457
Vacancy Allowance: 0.03
Adjusted Gross Inc: 724063.29
Pmt & Rate Info
Cap Rate: 5.89
Equity: 9250000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Tenant Pays
Electricity: 1
Other (See Remarks): 1
Appliances Included
None: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Other: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
Other: 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 22
Avg Rent: 1425
Avg SqFt: 453
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 18
Avg Rent: 1625
Avg SqFt: 781
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Other
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Geo Lat: 33.417459
Geo Lon: -111.922637
Status Change Info
Off Market Date: 2022-08-10
Under Contract Date: 2022-08-09
Close of Escrow Date: 2022-10-14
Sold Price: $9,000,000
Income Expenses
Gross Annual Sch Inc: 714000
Net Operating Income: 545236
Property Features
Project Type: 25 - 50 Units
Construction: Block
Const - Finish: Painted
Roofing: Other
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: None
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: Other
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping; Other
Tenant Pays: Electricity; Other (See Remarks)
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: ABI Multifamily
Last Updated: August - 23 - 2023
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
