Price Reduction
Address
427 W 5Th Street, Tempe, AZ
Price
$ 2,500,000
Property Attributes
  • MLS#6462063
  • TypeMulti-Family
  • CountyMARICOPA
  • CityTempe
  • NeighborhoodOrth Sub
  • Zip85281
  • Style
  • Year Built1963
  • Taxes$ 2442
  • Price$ 2,500,000
  • Bedrooms3
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1300
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Prime Location! Urban touches. Attractive curb appeal! Heart of Tempe! Creative income producer surrounded by newly high end commercial development, and ASU main campus. Currently new commercial buildings being developed. This lot has 2 - 4-plex buildings and 1 single family home with an additional suite. Totaling 10 units. Community is surrounded by many attractions, entertainment, and art. Neighborhood traffic of tourist and college residents. Property is in the center of the Transportation Overlay district.

Price History
9/10/2022 Listed $3,200,000
9/22/2022 10% - $2,900,000
9/27/2022 14% - $2,500,000

General Features

1 Bedroom Units: Avg Rent 1300.00
2 Bedroom Units: Avg Rent 1.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
City Tempe
Construction Block
Cooling Ceiling Fan(s), Window/Wall Unit
County Maricopa
Directions Property Located on the SW corner of 5th St & Wilson.
Electric SRP
Exterior Features Desert Landscaping, Partially Fenced, Separate Storage
Features No Pool
Flood Zone No
Gas Y/N SW Gas
Geo Lat 33.425097
Geo Lon -111.945468
Heating Electric, Individual
Interior Features Unfurnished
Map Code/Grid R36
Net Income 92569.00
New Financing Conventional
Owner Pays Gas, Water
Parking 1 Space/Unit
Property Type F
Public Remarks Prime Location! Urban touches. Attractive curb appeal! Heart of Tempe! Creative income producer surrounded by newly high end commercial development
Roof Comp Shingle
School District 003 - Tempe School District
Sewer Sewer - Public
Status Active
Street Name 5TH
Subdivision ORTH SUB
Tax Municipality Tempe
Taxes 2442.00
Tenant Pays Electric
Water City Franchise
Year Built 1963
Zoning R3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 1
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 800
2 Bedroom Units: # 2 Bedroom Units 1
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 500
Appliances Included F/S Oven/Range, Microwave, Refrigerator
Floors Ceramic Tile
Street Suffix Street
Total Number of Units 10.00

Exterior Features

Sale Includes Land & Building
Const - Finish Painted
Covered Parking Spcs 0.00
Lot Size Dimensions 167.7x100
Total Parking Spcs 8.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85281

Price
AVG $2.12M
$2.5M
Taxes
AVG $3,963
$2,442
Visits
AVG 73
30
Year Built
AVG 1955
1963

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