$725,000
SOLD JAN 31, 2025
-- Bed
-- Bath
-- Sq Ft
8,843 Sq Ft Lot

Recently Sold

6% Below List Price

95 Days on Market

Highlights

  • 4 Car Attached Garage
  • Central Heating and Cooling System
  • Vinyl Flooring
  • Community Barbecue Grill
  • Ceiling Fan

About This Home

As of January 2025

Remodeled duplex right in the heart of Tempe and near the ASU campus. This turn-key property has zoning and room to build a 3rd property or ADU. Each unit is large, over 850 sqft each and has individual in-unit laundry. The remodel consists of a new roof, new AC's, new dual-pane windows, interior/exterior doors, sewer lines, new water pipes, new kitchen & bathrooms with quartz counters, vinyl floors, water heaters, trim/baseboards, lighting, fans, insulation, paint, inside laundry, landscaping and stainless steel appliances. Units have big open kitchen, dinning, great room concept. Large backyard with private storage rooms for each unit. Electric and gas are separately metered, only water is not. Perfect setup for a ''house hack'' or an investor who just wants ''mailbox money''. NO HOA!!!

Last Agent to Sell the Property

Nathaniel Pierce

Venture REI, LLC License #SA512470000

Venture REI, LLC

Co-Listed By

Thomas Espinosa

Venture REI, LLC License #SA647984000

Last Buyer's Agent

Nathaniel Pierce

Venture REI, LLC License #SA512470000

Venture REI, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,430

Year Built

  • Built in 1961

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 4 Car Attached Garage
  • 4 Open Parking Spaces
  • On-Street Parking
  • Assigned Parking

Schools

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

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for gas, electricity, landscaping
  • The owner pays for trash collection, water, sewer
  • Tax Lot 7
  • Assessor Parcel Number 124-28-030

Community Details

Overview

  • 2 Units
  • Building Dimensions are 8834
  • Jo Ellen Homes Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $2,630
  • Gross Income $47,880
  • Net Operating Income $45,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,430

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: University & Priest
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: Multifamily
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2023
  • Directions: North on Priest from University to 4th St, east to property on south side.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: vrei01
  • Co List Office Phone: 480-858-8734
  • Subdivision Name: JO-ELLEN HOMES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, Free, Assigned, Attached, >1 Space Per Unit, Street Parking
  • Attached Garage: Yes
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Attached: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Electric, Central A/C
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: 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: 8834
  • Additional Parcels: No
  • Parcel #: 124-28-030

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 47880.0
  • Property Net Operating Income: 45250.0
  • Annual Operating Expense: 2630.0

Tax Info

  • Tax Annual Amount: 1430.0
  • Tax Book Number: 124.00
  • Tax Lot: 7

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
01/31/2025 01/31/25 Sold $725,000 -5.7% --
10/03/2024 10/03/24 For Sale $769,000 -- --
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 $1,448 $12,926 -- --
2024 $1,430 $12,310 -- --
2023 $1,430 $34,530 $6,900 $27,630
2022 $1,372 $28,870 $5,770 $23,100
2021 $1,382 $27,150 $5,430 $21,720
2020 $1,340 $24,730 $4,940 $19,790
2019 $1,314 $18,400 $3,680 $14,720
2018 $1,282 $15,400 $3,080 $12,320
2017 $1,244 $13,580 $2,710 $10,870
2016 $1,235 $11,410 $2,280 $9,130
2015 $1,186 $11,450 $2,290 $9,160
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $51,600 New Conventional
Previous Owner $128,000 Purchase Money Mortgage
Previous Owner $16,000 Credit Line Revolving
Previous Owner $330,000 Purchase Money Mortgage
Previous Owner $102,400 New Conventional
Previous Owner $306,000 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $725,000 Fidelity National Title Agency
Warranty Deed $440,000 Title Services Of The Valley
Warranty Deed $380,000 Title Services Of The Valley
Quit Claim Deed -- Ticor Title Company
Special Warranty Deed $51,600 Ticor Title Company Of Ca
Warranty Deed -- Arizona Title Agency Inc
Warranty Deed -- None Available
Warranty Deed $160,000 Arizona Title Agency Inc
Quit Claim Deed -- Stewart Title & Trust
Joint Tenancy Deed $128,000 Arizona Title Agency Inc
Quit Claim Deed -- First American Title
Warranty Deed $360,000 Arizona Title Agency Inc
Interfamily Deed Transfer -- --
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6766239

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-28-030