1428 S Stanley Place Tempe, AZ 85281
Downtown Tempe NeighborhoodEstimated payment $4,593/month
Highlights
- Cooling System Mounted To A Wall/Window
- Carpet
- Window Unit Heating System
About This Home
Prime dirt location on the doorstep to ASU, the 5th largest university in the US. All 1 bedroom unit mix with $1299 rents & a 7/28/2025 lease exp.Located in an opportunity zone with 1000's of new units in process. Stabilized 6+ CAP with room to raise rents. Student housing. Very low expenses w/ separate, tenant-paid electric/gas. Twin adjacent property is 1424 S Stanley (MLS 6855520). Available individually or as part of a package of 15 units (see MLS 6851166). Value-add. Long-term, local-owner that has self-managed. Seller financing may be available. Expenses are actual & estimated. Shared water meter with 1424 S Stanley.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,539
Year Built
- Built in 1960
Lot Details
- Additional Parcels
Home Design
- Composition Roof
- Block Exterior
Flooring
- Carpet
- Vinyl
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Utilities
- Cooling System Mounted To A Wall/Window
- Window Unit Heating System
Listing and Financial Details
- Tax Lot 16
- Assessor Parcel Number 133-09-066
Community Details
Overview
- 4 Units
- Building Dimensions are 7500 sf
- Stanley Plat Subdivision
Building Details
- Operating Expense $9,243
- Gross Income $61,451
- Net Operating Income $52,250
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 | $1,539 | $13,738 | -- | -- |
| 2024 | $1,520 | $13,084 | -- | -- |
| 2023 | $1,520 | $45,700 | $9,140 | $36,560 |
| 2022 | $1,458 | $35,370 | $7,070 | $28,300 |
| 2021 | $1,469 | $29,120 | $5,820 | $23,300 |
| 2020 | $1,424 | $25,610 | $5,120 | $20,490 |
| 2019 | $1,397 | $21,600 | $4,320 | $17,280 |
| 2018 | $1,362 | $17,730 | $3,540 | $14,190 |
| 2017 | $1,322 | $14,860 | $2,970 | $11,890 |
| 2016 | $1,312 | $13,970 | $2,790 | $11,180 |
| 2015 | $1,260 | $14,120 | $2,820 | $11,300 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/11/2025 04/11/25 | For Sale | $800,000 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Cash Sale Deed | $125,000 | Chicago Title Insurance Co | |
| Cash Sale Deed | $125,000 | Chicago Title | |
| Quit Claim Deed | -- | Capital Title Agency Inc | |
| Cash Sale Deed | $282,500 | Capital Title Agency Inc | |
| Quit Claim Deed | -- | Fidelity National Title | |
| Quit Claim Deed | -- | Stewart Title & Trust | |
| Warranty Deed | $122,500 | Stewart Title & Trust | |
| Warranty Deed | $73,750 | Transnation Title Ins Co | |
| Quit Claim Deed | -- | Transnation Title Ins Co | |
| Interfamily Deed Transfer | -- | Transnation Title Ins Co | |
| Interfamily Deed Transfer | -- | Transnation Title Ins Co | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $231,000 | Unknown | |
| Previous Owner | $66,000 | Stand Alone Second | |
| Previous Owner | $111,800 | Purchase Money Mortgage | |
| Previous Owner | $91,875 | New Conventional | |
| Previous Owner | $55,313 | New Conventional |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6855518
APN: 133-09-066
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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