Properties

Tempe, AZ 85282 1145 W SOUTHERN Avenue

1145 W SOUTHERN Avenue Tempe, AZ - Image 11145 W SOUTHERN Avenue Tempe, AZ - Image 21145 W SOUTHERN Avenue Tempe, AZ - Image 3
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1145 W SOUTHERN Avenue Tempe, AZ - Image 41145 W SOUTHERN Avenue Tempe, AZ - Image 51145 W SOUTHERN Avenue Tempe, AZ - Image 61145 W SOUTHERN Avenue Tempe, AZ - Image 71145 W SOUTHERN Avenue Tempe, AZ - Image 81145 W SOUTHERN Avenue Tempe, AZ - Image 91145 W SOUTHERN Avenue Tempe, AZ - Image 101145 W SOUTHERN Avenue Tempe, AZ - Image 111145 W SOUTHERN Avenue Tempe, AZ - Image 121145 W SOUTHERN Avenue Tempe, AZ - Image 131145 W SOUTHERN Avenue Tempe, AZ - Image 141145 W SOUTHERN Avenue Tempe, AZ - Image 15
Presented By: Citiea; 480-870-3119
  • MLS# 6888728
  • 07/11/2025
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Home Details

DO NOT DISTURB TENANTS. BRAND NEW ROOF FEB 2026! Exceptional opportunity to acquire a high-visibility, turnkey Tempe 4-plex positioned on a premium, oversized lot directly on Southern Ave--an unbeatable location with strong rental demand and long-term appreciation potential. This meticulously maintained asset offers four spacious 2-bed, 1-bath units, all on month-to-month leases, creating immediate income with significant upside through rent optimization. The property reflects true pride of ownership and is primed for seamless operation. Major capital improvements have already been completed, including brand new roof, new ABS plumbing, updated AC units, fresh interior and exterior paint, modern appliances, and updated finishes--making this a true plug-and-play investment. Situated on a nearly 11,000 sq ft lot--one of the largest among neighboring 4-plexes-- this property offers gigantic long-term potential, whether held for cash flow, repositioned for higher rents, or leveraged for future redevelopment. Rare scale, premier exposure, and turnkey condition in the heart of Tempe make this an extraordinary multifamily opportunity.
Presented By: Citiea; 480-870-3119

Interior Features for 1145 W SOUTHERN Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
FlooringCarpet, Vinyl
Heating Y/NYes

General for 1145 W SOUTHERN Avenue

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.28
Carport Y/NNo
CityTempe
Community FeaturesNo Pool
Construction MaterialsPainted, Block
CoolingCentral Air, Ceiling Fan(s)
CountyMaricopa
DirectionsFrom Priest, east on Southern. Property located on the SE corner of Southern and S Shafer Dr.
DisclosuresNone
ElectricSRP
Elementary School DistrictTempe School District
Garage Y/NNo
Gross Income58596.0
HeatingHeat Pump
High SchoolTempe High School
High School DistrictTempe Union High School District
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense3000.0
MobileHomeRemainsYNNo
Net Operating Income58680.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: FHATrue
New Financing: VATrue
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces5.0
Operating Expense5779.0
OwnerPaysTrash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofFoam
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameWESTWAY PARK
Tax Annual Amount2779.0
Tax Lot072
Tax Year2024
Year Built1970
ZoningR-3R

Exterior for 1145 W SOUTHERN Avenue

Covered Spaces5.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions13250
Number of Buildings1
Parking FeaturesPaved, Assigned, Add'l Parking Avail, >1 Space Per Unit, Carport
Road Surface TypeAsphalt
SpaNo
Total Parking10.0
Water SourceCity Franchise

Additional Details

Price History

Schools

Elementary School N/A
Middle School N/A
High School Tempe High School

Connect Realty

Price $935,000
MLS#6888728
List Date 07/11/2025
Property Type Multi-Family
Phone 888.795.6274
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