Properties
Tempe, AZ 85288 1231 N OLEANDER Street
$1,200,000
5 more
Presented By: Midland Real Estate Alliance; 480-325-1411
Home Details
Price Drop $95,000!! Turnkey 5-Unit Investment Near ASU & Old Town Scottsdale. Fully renovated in 2019 with near-zero vacancy in a high-demand rental market. Unit mix includes four 2BD/1BA units and one 1BD/1BA unit, each featuring updated interiors, vinyl flooring, modern cabinetry, granite countertops, dual-pane windows, new A/C systems, and upgraded security doors. Large private gated patios enhance tenant appeal. Low-maintenance asset offering stable cash flow and long-term appreciation potential.
Presented By: Midland Real Estate Alliance; 480-325-1411
Interior Features for 1231 N OLEANDER Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringVinyl
Heating Y/NYes
General for 1231 N OLEANDER Street
Additional Parcels Y/NYes
Attached Garage No
Cap Rate6.03
Carport Y/NNo
CityTempe
Community FeaturesNo Pool
Construction MaterialsWood Frame, Painted, Block, Brick
CoolingCentral Air, Ceiling Fan(s), Electric, 2 or More Units
CountyMaricopa
DirectionsSouth on Miller to Tempe Dr. West to Oleander
DisclosuresNone
ElectricAPS
Elementary SchoolCecil Shamley School
Elementary School DistrictTempe School District
Garage Y/NNo
Gross Income81060.0
HeatingElectric
High SchoolMcClintock High School
High School DistrictTempe Union High School District
Lease Considered Y/NNo
Lease Renewal Y/NNo
Middle/Junior High SchoolMcKemy Academy of International Studies
MobileHomeRemainsYNNo
Net Operating Income72317.27
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total5
Open Parking Spaces2.0
Operating Expense1363.0
OwnerPaysSee Remarks, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofFoam
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameNORTH TEMPE 2
Tax Annual Amount1363.0
Tax Lot185
Tax Year2025
Year Built1958
Zoning[R-2] Multi-Fam
Exterior for 1231 N OLEANDER Street
Covered Spaces5.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions7, 070 SF
Number of Buildings2
Parking FeaturesPaved, Assigned, 1 Space/Unit, On Street
Road Surface TypeAsphalt, Dirt
SpaNo
Total Parking7.0
Water SourceIndividual Meter
Additional Details
Price History
Schools
High School
McClintock High School
Elementary School
Cecil Shamley School Elementary School
Middle School
McKemy Academy of International Studies Middle School
