1320 W 5th St Tempe, AZ 85281
Sunset NeighborhoodEstimated payment $6,228/month
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heat Pump System
About This Home
Prime location just blocks from Hayden-Ferry Landing, Mill/ASU, and a few minutes to OldTown Scottsdale. In an OZ. Hard to find & bigger than the competition all 2 bedroom unit mix (822sf/unit). Stabilized at a 6 CAP. Long-term, local owners have pride of ownership. Many recent renovations to some units including plumbing, kitchens/baths, windows, roof, etc. Classic features to value-add further. Excellent rents in place with mostly flexible month-to-month leases. The complex offers more amenities than the competition, including carport parking, fenced front yards with private back patios, individual laundry/storage rooms, gorgeous desert landscaping, and a pretty central courtyard. More like homes than apartments. The kind of investment you're proud to own.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,408
Year Built
- Built in 1961
Home Design
- Composition Roof
- Block Exterior
Parking
- 8 Parking Spaces
- Carport
Utilities
- Cooling Available
- Heat Pump System
Additional Features
- Ceramic Tile Flooring
- Additional Parcels
Listing and Financial Details
- Tax Lot 11
- Assessor Parcel Number 124-28-034
Community Details
Overview
- 2 Buildings
- 4 Units
- Building Dimensions are .384 acres
- Jo Ellen Homes Subdivision
Building Details
- Operating Expense $10,374
- Gross Income $79,540
- Net Operating Income $66,358
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,408 | $12,567 | -- | -- |
| 2024 | $1,391 | $11,968 | -- | -- |
| 2023 | $1,391 | $33,170 | $6,630 | $26,540 |
| 2022 | $1,334 | $27,670 | $5,530 | $22,140 |
| 2021 | $1,343 | $25,980 | $5,190 | $20,790 |
| 2020 | $1,302 | $23,630 | $4,720 | $18,910 |
| 2019 | $1,278 | $17,500 | $3,500 | $14,000 |
| 2018 | $1,246 | $14,570 | $2,910 | $11,660 |
| 2017 | $1,209 | $13,220 | $2,640 | $10,580 |
| 2016 | $1,201 | $11,080 | $2,210 | $8,870 |
| 2015 | $1,153 | $10,860 | $2,170 | $8,690 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/29/2025 03/29/25 | Price Changed | $1,095,000 | -4.8% | -- |
| 03/03/2025 03/03/25 | For Sale | $1,150,000 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $187,500 | Fidelity National Title | |
| Warranty Deed | $147,000 | Security Title Agency | |
| Warranty Deed | $115,500 | Capital Title Agency |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $12,000 | Unknown | |
| Open | $150,000 | New Conventional | |
| Previous Owner | $132,300 | New Conventional | |
| Previous Owner | $80,850 | New Conventional |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6830355
APN: 124-28-034
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.
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
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