Properties
Tempe, AZ 85281 1101 S FARMER Avenue
$995,000
34 more
Presented By: MacLay Real Estate; 480-786-5600
Home Details
Welcome to this well-maintained fourplex in Tempe! Each of the four units has two bedrooms one bath. The property has recently been upgraded with a new roof and fresh exterior paint, ensuring a modern and appealing aesthetic. The location is a standout feature, being just a short walk away from ASU and the bustling Mill Avenue shops and restaurants. This proximity to local amenities not only provides convenience for tenants but also contributes to the property's stable income, with little to no vacancy. Ample parking is available for tenants, adding to the property's appeal. This is a fantastic opportunity for those seeking a great income-producing property in a prime location.
Owner is doing a 1031 exchange
Presented By: MacLay Real Estate; 480-786-5600
Interior Features for 1101 S FARMER Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringTile, Laminate, Carpet, Vinyl
Heating Y/NYes
General for 1101 S FARMER Avenue
Additional Parcels Y/NNo
Attached Garage No
Cap Rate7.3
Carport Y/NNo
CityTempe
Community FeaturesManager Res/Office, No Pool
Construction MaterialsWood Frame, Painted, Stucco
CoolingCentral Air
CountyMaricopa
DirectionsUS 60 and Mill
North of Mill ave, West on 13th North of Farmer. Property on the Right hand side.
DisclosuresSeller Prop Disc Stm
ElectricSRP, Individual Meter
Electric Expense848.0
Elementary SchoolHoldeman Elementary School
Elementary School DistrictTempe School District
Fuel Expense0.0
Garage Y/NNo
Gross Income77689.0
HeatingHeat Pump
High SchoolTempe High School
High School DistrictTempe Union High School District
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense1653.0
Middle/Junior High SchoolGeneva Epps Mosley Middle School
MobileHomeRemainsYNNo
Net Operating Income72674.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces6.0
Operating Expense7874.0
OwnerPaysTrash Collection, Water, Sewer
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofFoam
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameFARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5
Tax Annual Amount2859.0
Tax Lot1
Tax Year2025
Township1N
Trash Expense0.0
Water Sewer Expense2350.0
Year Built1975
ZoningR-3
Exterior for 1101 S FARMER Avenue
Covered Spaces0.0
Crops Included Y/NNo
Exterior AmenitiesSidewalk(s)
Irrigation Water Rights Y/NNo
Lot Dimensions7838
Number of Buildings1
Parking FeaturesPaved, Add'l Parking Avail, 1 Space/Unit
Road Surface TypeAsphalt
SpaNo
Total Parking6.0
Water SourceCity Franchise
Additional Details
Price History
Schools
Middle School
Geneva Epps Mosley Middle School
Elementary School
Holdeman Elementary School
High School
Tempe High School
