$1,580,000

Estimated payment $8,995/month

Total Views 624
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Central Heating

About This Home

This 7-unit (fully-occupied), garden-style apartment property sits in an incredible location, approximately half a mile from ASU's main campus. Additionally, this property boasts proximity to Tempe Town Lake offices, Mill Avenue, the 202 freeway, and Sky Harbor Airport.

Location isn't the only desirable characteristic of the Apartments on Farmer, as 5 of 7 units have been thoroughly remodeled in the past 5 years (the other two units are occupied by long-term tenants). Along with interior updates, the property's comprehensive renovation included significant roofing, plumbing, and electrical work, with 4 of 7 units now boasting their own laundry facilities (in addition to the community laundry machines). Six storage rooms also on site.

Don't miss out on this incredible location.

Listing Agent

Jesse Lowery

HomeSmart License #SA691644000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,110

Year Built

  • Built in 1961

Home Design

  • Composition Roof
  • Foam Roof
  • Block Exterior

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Schools

  • Holdeman Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe High School

Utilities

  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Multiple Heating Units
  • Central Heating
  • Individual Controls for Heating
  • Window Unit Heating System
  • Master Water Meter

Community Details

  • 3 Buildings
  • 7 Units
  • Building Dimensions are 75' x 142.5'
  • Farmers Addition Blocks 1 2 & Part 3 & Lots 1 5 Subdivision

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 124-70-019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,110

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Mill Ave & 13th St
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2024
  • Directions: From Mill Ave, turn west on 13th St. In approximately 1200 feet, turn north (right) on Farmer Ave. Property is on the east side of the street.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: FARMERS ADDITION BLOCKS 1-2 & PART 3 & LOTS 1-5
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition, Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Window/Wall Unit, Individual, 2 or More Units
  • Heating: Individual, Central, Window/Wall Unit(s), 2 or More Units
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Individual: Yes
  • Heating:Central: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Holdeman Elementary School
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Lot Size: 75' x 142.5'
  • Additional Parcels: No
  • Parcel #: 124-70-019

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 7

Tax Info

  • Tax Annual Amount: 2110.36
  • Tax Book Number: 124.00
  • Tax Lot: 6

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

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 $2,110 $18,840 -- --
2024 $2,085 $17,942 -- --
2023 $2,085 $88,950 $17,790 $71,160
2022 $2,000 $77,750 $15,550 $62,200
2021 $2,014 $72,330 $14,460 $57,870
2020 $1,953 $42,300 $8,460 $33,840
2019 $1,916 $33,370 $6,670 $26,700
2018 $1,783 $24,900 $4,980 $19,920
2017 $1,730 $22,870 $4,570 $18,300
2016 $1,719 $21,000 $4,200 $16,800
2015 $1,654 $20,750 $4,150 $16,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2025 04/18/25 For Sale $1,580,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,135,000 First American Title Ins Co
Special Warranty Deed $705,000 Magnus Title Agency Llc
Cash Sale Deed $450,000 Clear Title Agency Of Arizon
Interfamily Deed Transfer -- None Available
Warranty Deed $299,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $675,000 Commercial
Previous Owner $245,000 Commercial
Previous Owner $199,000 Seller Take Back
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6853978

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-70-019