$1,175,000
1440 S STANLEY Place
Tempe, AZ 85281
MLS# 6855620

1440 S STANLEY Place, Tempe, AZ 85281
  1 / 30  
1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281 1440 S STANLEY Place, Tempe, AZ 85281

Property Description
Prime dirt location on the doorstep to ASU, the 5th largest university in the US. This six unit complex has a lot to offer. All 1 bedroom unit mix Now 100% vacant. Owner will deliver vacant or re-leased. 10% 2nd position carry or low LTV/market rate carry possible. Located in an opportunity zone with 1000's of new units in process. Very low expenses w/ separate, tenant-paid electric/gas. Available individually or as part of a package of 15 units (see MLS 6851166). Value-add. Long-term, local-owner that has self-managed. Close to a 7 CAP historical income performance.

Details
Contract Info
Current Price: $1,175,000
List Price: $1,175,000
Status: Active
List Date: 2025-04-11
Ownership: Fee Simple
Location Tax Legal
House Number: 1440
Compass: S
Street Name: STANLEY
St Suffix: Place
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5888
County Code: Maricopa
Subdivision: STANLEY PLAT
Assessor Number: 133-09-072
Tax Year: 2024
General Property Description
Lot Size Dimensions: 10000 sf
Year Built: 1960
Uncvrd Parking Spcs: 8
Total # of Units: 6
# of Buildings: 2
Zoning: R4
Flood Zone: No
High School District: Tempe Union High School District
Remarks Misc
Cross Street: RURAL/APACHE BLVD.
Directions: Cul-de-sac, enter from Apache.
Geo Lat: 33.411234
Geo Lon: -111.919734
Legal Info
Township: 1N
Range: 4E
Section: 23
Lot Number: 22
Income Expenses
Gross Annual Sch Inc: 99468
Net Operating Income: 78500
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 1382
Avg SqFt: 525
Property Features
Project Type: 5 - 12 Units
Other Type: Packaged Offering; Other (See Remarks)
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Concrete; Other
Sale Includes: Land & Building; Personal Property
Community Features: Other; See Remarks
Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available
Interior Amenities: Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator
Heating: Natural Gas; Wall Furnace
Cooling: Window/Wall Unit
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: >1 Space Per Unit; Free
Owner Pays: Water; Trash Collection; Cable TV; Landscaping
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks)
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional; Other (See Remarks)
Environmental: None

Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: July - 28 - 2025

1440 S STANLEY Place, Tempe, AZ 85281 - MLS# 6855620

Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Search powered by FBS Products