Properties
Tempe, AZ 85288 1244 N Rose Street
$950,000
8 more
Presented By: Gentry Real Estate; 480-750-9910
Home Details
Fully renovated 3-unit income property offered as part of a rare five-unit residential compound spanning two adjacent parcels. This parcel includes one single-family residence plus a duplex for a total of three units, consisting of two 2-bedroom/1-bath units and one 3-bedroom/2-bath unit.Extensive upgrades completed throughout, including new HVAC systems, new roofs, all new electrical panels, new windows, and fully renovated interiors, providing a turnkey, low-capex asset.
Property is adjacent to 1248 E Harry St, a separately parceled duplex. Together, both parcels function as a cohesive five-unit investment. Seller strongly prefers a concurrent sale of both parcels, though each is offered individually. There may be future development or density potential. Buyer to conduct due diligence. independent due diligence regarding zoning and redevelopment.
Presented By: Gentry Real Estate; 480-750-9910
Interior Features for 1244 N Rose Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringLaminate, Ceramic Tile, Vinyl
Heating Y/NYes
General for 1244 N Rose Street
Additional Parcels Y/NYes
Attached Garage No
Cap Rate6.32
Carport Y/NNo
CityTempe
Community FeaturesNo Pool
Construction MaterialsWood Frame, Siding, Painted, Block
CoolingCentral Air, Ceiling Fan(s), 2 or More Units
CountyMaricopa
DirectionsHeading South on Scottsdale Road, Turn left onto Weber Dr, then take a Right onto Scovel St. Take first right onto Harry and the property is on the corner of Harry & Rose.
DisclosuresSeller Prop Disc Stm
ElectricSRP
Elementary SchoolCecil Shamley School
Elementary School DistrictTempe School District
Garage Y/NNo
Gross Income60540.0
HeatingCentral, 2 or More Units
High SchoolTempe High School
High School DistrictTempe Union High School District
Lease Considered Y/NNo
Lease Renewal Y/NNo
Middle/Junior High SchoolCecil Shamley School
MobileHomeRemainsYNNo
Net Operating Income60048.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: FHATrue
New Financing: VATrue
Number Of Units Total3
Open Parking Spaces15.0
Operating Expense1581.0
OwnerPaysSee Remarks, Water, Sewer
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition, Foam
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameNORTH TEMPE 2
Tax Annual Amount1581.0
Tax Lot202
Tax Year2025
Township1N
Year Built1969
ZoningR-2
Exterior for 1244 N Rose Street
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot DimensionsTBD
Number of Buildings2
Parking Features>1 Space Per Unit
Road Surface TypeAsphalt
SpaNo
Total Parking15.0
Water SourceCity Franchise
Additional Details
Price History
Schools
Elementary School
Cecil Shamley School Elementary School
Middle School
Cecil Shamley School Middle School
High School
Tempe High School
