1424 S Jentilly Lane, Tempe, AZ 85281
$5,100,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $5,100,000 Last Modified: 3/09/2025
Overview
Description
Brix is a 24-unit, garden-style condominium community located within
three blocks of Arizona State University's Main Campus in Tempe. Brix
was built in 1981 of wood frame construction with a painted stucco
exterior and pitched roofs. Brix has an attractive mix of one and twobedroom
unit types. Every condominium enjoys a private backyard or
balcony and the convenience of an in-suite washer and dryer. Recent
updates included modern interior finishes with new shaker cabinets,
solid surface counters, tile backsplash, and stainless-steel appliances.
Every condominium enjoys energy-efficient dual pane windows, sliding
glass doors, and ceiling fans. Tenant amenities include controlled
access, gated entry, on-site maintenance, a BBQ area with ramada,
and a swimming pool.
Supplements: ... (Read more)
Listing Details MLS# 6170361
Location, Tax & Legal
- Map Code/Grid
- R37
- House Number
- 1424
- Compass
- S
- Street Name
- Jentilly
- St Suffix
- Lane
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85281
- County Code
- Maricopa
- Assessor Number
- 133-10-100
- Tax Year
- 2020
- Assessor's Map #
- 10
- Assessor's Parcel #
- 100
- Add'l Parcels
- Yes
- Tax Municipality
- Tempe
- Taxes
- 17472
- Legal
- provided at title
- Marketing Name
- Brix
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- unknown
- Year Built
- 1981
- Uncvrd Parking Spcs
- 48
- Total # of Units
- 24
- # of Buildings
- 2
- Zoning
- R4
- Elementary School District
- Tempe Elementary School District
- High School District
- Tempe Union High School District
Remarks Misc
- Cross Street
- Rural Road and Main Street
Status Change Info
- Off Market Date
- 2020-12-28
- Under Contract Date
- 2020-12-23
- Close of Escrow Date
- 2021-03-05
Legal Info
- Lot Number
- unknown
More Information
Income Expenses
- Gross Annual Sch Inc
- 387840
- Net Operating Income
- 298099
1 Bedroom Units
- # 1 Bedroom Units
- 8
- Avg Rent
- 1050
- Avg SqFt
- 605
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 16
- Avg Rent
- 1495
- Avg SqFt
- 816
- # Baths
- 2
Sold Info
- Loan Type
- Other
- Payment Type
- Other
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 13 - 24 Units
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Stucco
- Yes
- Brick Veneer
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
- Other
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 4800
- Annual Ins Exp
- 2856
- Annual Landscape Exp
- 3000
- Annual Maint Exp
- 8400
- Annual Mgmt Exp
- 23021
- Annual Trash Exp
- 3000
- Annual Wtr/Swr Exp
- 9600
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual Rplcmnt Rsrvs
- 7200
- Annual Other Expense
- 6000
- Operating Exp
- 85349
- Other Income
- 15000
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 382698
Pmt & Rate Info
- Cap Rate
- 5.52
- Equity
- 5400000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Showing Notification Methods
- Yes
Lockbox Type
- None
- Yes
Community Features
- Pool
- Yes
- Barbecue
- Yes
Heating
- Electric
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Other
- Yes
- See Remarks
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Green Landscaping
- Yes
- Fenced
- Yes
- Cable TV Available
- Yes
- Patio/Balcony
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Disposal
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- Individual Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- >1 Space Per Unit
- Yes
Electric
- SRP
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- Other (See Remarks)
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type: 13 - 24 Units Construction: Wood Frame Const - Finish: Stucco; Brick Veneer Roofing: Composition Floors: Vinyl; Other Sale Includes: Land & Building Community Features: Pool; Barbecue Exterior Amenities: Landscape Water System; Green Landscaping; Fenced; Cable TV Available; Patio/Balcony Appliances Included: Free-Standing Range; Refrigerator; Disposal; Microwave; Washer/Dryer Cooling: Ceiling Fan(s); Other; See Remarks Water Source: Individual Meter Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Email Lockbox Type: None New Financing: Other (See Remarks) Environmental: None
Listing Office: ABI Multifamily
Last Updated: March - 09 - 2025
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