534 E Huntington Drive, Tempe, AZ 85282
$5,700,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $5,700,000 Last Modified: 2/02/2026
Description
Life is a beach at Twenty on Huntington! This amazing investment in the heart of Tempe with no HOA. Private pool all units have covered parking and ends in cul-de-sac. 542 E Huntington included in sale a total of 34,480 sq feet for both parcels. Incredible unit mix 16 two bedrooms and 4 ones beds. This property is being sold as is and seller is open to offers before renovation is complete. New rents on units are 1550 to 1600 plus tax on 2 bedrooms one bath units. One bedroom units new rents are $1450 plus tax. Current seller broker is process of renting out and remodeling process and stabilizing property. Drive by only tenants are unware of sale. Owner agent. All facts and figures are approximate buyer verify MLS information.
More Information MLS# 6360352
Contract Info
Ownership: Fee Simple Current Price: $5,700,000 Sold Price: $5,700,000 Status: Closed List Date: 2022-02-25
Location, Tax & Legal
Assessor's Map #: 28 Assessor's Parcel #: 69 Add'l Parcels: Yes Tax Municipality: Tempe Taxes: 9701 Legal: BRENTWOOD MANOR 2 Marketing Name: Twenty at Huntington Map Code/Grid: R37 House Number: 534 Compass: E Street Name: Huntington St Suffix: Drive City/Town Code: Tempe State/Province: AZ Zip Code: 85282 County Code: Maricopa Assessor Number: 133-28-069 Tax Year: 2020
General Property Description
# of Buildings: 1 Uncvrd Parking Spcs: 20 Lot Size Dimensions: irr Total # of Units: 20 Elementary School District: Tempe Elementary School District High School District: Tempe Union High School District Year Built: 1967 Zoning: Multi
Project Type
13 - 24 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Other: 1
Floors
Vinyl: 1 Carpet: 1
Sale Includes
Land & Building: 1 Personal Property: 1
Income & Expenses
Annual Elec Exp: 1500 Annual Gas Exp: 0 Annual Ins Exp: 12000 Annual Land Lse Exp: 0 Annual Landscape Exp: 2500 Annual Legal & Acctg: 0 Annual Maint Exp: 10000 Annual Mgmt Exp: 14000 Annual Trash Exp: 8000 Annual Wtr/Swr Exp: 10000 Owner Association: No Annual Ownr Asoc Fee: 0 Annual PAD Fee: 0 Annual Rplcmnt Rsrvs: 0 Operating Exp: 67701 Other Income: 3000 Vacancy Allowance: 0.03 Adjusted Gross Inc: 359094 Total Monthly Rental Income: 30600
Pmt & Rate Info
Cap Rate: 4.94 Down Payment: 0 Equity: 5900000 Down Payment %: 0 Monthly Payments: 0 1st Payment: 0 Total Owed: 0 Assessment Balance: 0
Lockbox Type
None: 1
Community Features
Pool: 1 Spa(s): 1
Heating
Electric: 1
Cooling
Electric: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1 Cable TV: 1
Appliances Included
Disposal: 1 Refrigerator: 1 Free-Standing Range: 1 Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer-In & Connected: 1
Parking Features
Other: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1 Pool Maintenance: 1
New Financing
Conventional: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4 Avg Rent: 1450 Avg SqFt: 650 # Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 16 Avg Rent: 1550 Avg SqFt: 900 # Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional Closing Cost Split: Normal - N Payment Type: Fixed Buyer Concession to Seller: 0 Buyer Concession $/%: % Seller Concession to Buyer: 0 Seller Concession $/%: %
Remarks Misc
Cross Street: Southern and Rural Geo Lat: 33.394098 Geo Lon: -111.92986
Status Change Info
Off Market Date: 2022-02-25 Under Contract Date: 2022-02-25 Close of Escrow Date: 2022-02-25 Sold Price: $5,700,000
Legal Info
Lot Number: 104
Income Expenses
Gross Annual Sch Inc: 367200 Net Operating Income: 291393
Property Features
Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted Roofing: Other Floors: Vinyl; Carpet Sale Includes: Land & Building; Personal Property Community Features: Pool; Spa(s) Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Disposal; Washer/Dryer Cooling: Electric Water Source: City Franchise Sewer: Sewer-In & Connected Electric: SRP Gas: SW Gas Parking Features: Other Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance Tenant Pays: Electricity; Cable TV Source of Fincl Data: Projected Proforma Special: Owner/Agent Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional Environmental: None
Listing Office: Grace CRE
Last Updated: February - 02 - 2026
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