$470,000
SOLD JAN 30, 2025

1127 E Weber Dr Tempe, AZ 85281

North Tempe Neighborhood
-- Bed
-- Bath
1,622 Sq Ft
7,449 Sq Ft Lot

Recently Sold

$290 Per Sq Ft

6% Below List Price

117 Days on Market

Highlights

  • 6 Car Attached Garage
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Cooling Available
  • Ceiling Fan

About This Home

As of January 2025

Excellent investment opportunity, this Duplex is located in the highly sought after area of Tempe North (South Scottsdale), which is an up and coming, high growth area of N Tempe. Both units are 2 bedrooms,1 bath, carport with private storage areas, both have units have fenced yards. Zoning is desirable R-2! Stated rents ($1,250/mo. per unit) and current market comps are $1,300-1,600/mo. per unit, but landlord hasn't raised rents to market value as tenants have been there over a decade, so current rents are well below market comps; buyer to verify all facts and figures. Tenants have been on a month-to-month rental basis for over a decade. Separate electric meters for each unit. Owner will consider a Seller-Carry with 30% down for 3 years. Well maintained, remodeled just over a decade ago with low E windows, Trane ACs, roof, underground cast iron plumbing replaced, and more.
2018:
- roof was completely redone.

2024 Improvements:
Aug - entire roof was recoated with Elastomeric.
Sept - new Trane AC, front unit #1.
Dec - new interior paint including cabinets, all new door hardware/hinges, bathroom hardware (Brushed Nickel), lighting, rear door. Exterior painting.

There is potential opportunity to add more sf to increase rents etc., on unit #2, buyer to verify with city of Tempe.

Multiple comps in area around 500k and this property might be better as it's located on Weber Dr. with beautiful 3 story newer homes located across the street!

COMPS - 4 duplexes have sold in the Immediate area in the last 18 months:
1124 E TEMPE DR, Tempe, MLS #6570114, $475,000
930 E HENRY ST, Tempe, MLS# 6457594, $519,000
1019 N HAROLD ST, Tempe, MLS #6529794, $545,000
1010 E HENRY ST, Tempe, MLS #6547427, $ 599,000

LOTS of new construction and rehabs abound. Location, Location, Location: less than a mile to 202/101/Tempe Town Lake/ASU and more; just blocks to mass transit, less than 4 miles to: Phoenix Sky Harbor Airport; 2 mi to Old Town Scottsdale and more!

Last Agent to Sell the Property

Bruce Swift

Windermere Real Estate & Property Management License #SA642645000

Windermere Real Estate & Property Management

Last Buyer's Agent

Srinivasa Male

HomeSmart License #SA639709000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,270

Year Built

  • Built in 1962

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 6 Car Attached Garage
  • 4 Open Parking Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Tempe High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer, cable TV
  • The owner pays for landscaping
  • Tax Lot 164
  • Assessor Parcel Number 132-13-013

Community Details

Overview

  • 2 Units
  • Building Dimensions are 65x117
  • North Tempe 2 Subdivision

Building Details

  • Operating Expense $1,270
  • Gross Income $30,000
  • Net Operating Income $27,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,270

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: Scottsdale Rd & Weber Dr
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2023
  • Directions: From Scottsdale Rd proceed East on Weber Dr to the property, it will be on your Right. Please do not disturb the tenants by walking the lot without permission from agent! THANK YOU!
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: NORTH TEMPE 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block, Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Assigned, Attached, Common
  • Attached Garage: Yes
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Attached: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric, Heat Pump
  • Heating: Heat Pump, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 65x117
  • Additional Parcels: No
  • Parcel #: 132-13-013

Multi Family

  • Owner Pays: See Remarks, Landscaping
  • Tenant Pays: See Remarks, Trash Collection, Gas, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 30000.0
  • Property Net Operating Income: 27000.0
  • Annual Operating Expense: 1270.0

Tax Info

  • Tax Annual Amount: 1270.0
  • Tax Book Number: 132.00
  • Tax Lot: 164

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2025 01/30/25 Sold $470,000 -4.0% $290 / Sq Ft
12/17/2024 12/17/24 Price Changed $489,500 -1.6% $302 / Sq Ft
10/01/2024 10/01/24 For Sale $497,500 -- $307 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,285 $11,476 -- --
2024 $1,270 $10,930 -- --
2023 $1,270 $30,620 $6,120 $24,500
2022 $1,218 $23,780 $4,750 $19,030
2021 $1,227 $19,260 $3,850 $15,410
2020 $1,189 $16,950 $3,390 $13,560
2019 $1,167 $16,870 $3,370 $13,500
2018 $1,138 $14,350 $2,870 $11,480
2017 $1,104 $11,900 $2,380 $9,520
2016 $1,096 $9,370 $1,870 $7,500
2015 $1,053 $8,830 $1,760 $7,070
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $329,000 Seller Take Back
Previous Owner $375,000 Commercial
Previous Owner $90,000 Unknown
Previous Owner $221,850 Purchase Money Mortgage
Previous Owner $134,000 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $470,000 Pioneer Title Agency
Warranty Deed $310,000 American Title Svc Agcy Llc
Warranty Deed -- None Available
Cash Sale Deed $65,625 Stewart Title & Trust Of Pho
Interfamily Deed Transfer -- Stewart Title & Trust Of Pho
Trustee Deed $188,202 None Available
Warranty Deed -- Magnus Title Agency
Special Warranty Deed -- --
Warranty Deed $149,000 Transnation Title Ins Co
Quit Claim Deed -- --
Warranty Deed $45,000 Lawyers Title
Quit Claim Deed -- --
Source: Public Records

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6761938

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-13-013

Arizona Maricopa County Tempe 85281 North Tempe

1127 E Weber Dr, Tempe, AZ

Homes for Sale in Tempe, AZ

This home is located at 1127 E Weber Dr, Tempe, AZ 85281 and is currently priced at $470,000, approximately $289 per square foot. This property was built in 1962. 1127 E Weber Dr is a home located in Maricopa County with nearby schools including Laird Elementary School, McClintock High School, and South Pointe Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393