1011 E ORANGE Street, Tempe, AZ 85281
$9,000,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $9,000,000 Last Modified: 8/23/2023
More Information MLS# 6444558
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
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