1440 S Stanley Place Tempe, AZ 85281
Downtown Tempe NeighborhoodEstimated payment $6,450/month
Highlights
- Cooling System Mounted To A Wall/Window
- Floor Furnace
- Concrete Flooring
About This Home
Prime dirt location on the doorstep to ASU, the 5th largest university in the US. This six unit complex has a lot to offer. All 1 bedroom unit mix Now 100% vacant. Owner will deliver vacant or re-leased. 10% 2nd position carry or low LTV/market rate carry possible. Located in an opportunity zone with 1000's of new units in process. Very low expenses w/ separate, tenant-paid electric/gas. Available individually or as part of a package of 15 units (see MLS 6851166). Value-add. Long-term, local-owner that has self-managed. Close to a 7 CAP historical income performance.
Listing Agent
Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 04/11/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,278
Year Built
- Built in 1960
Home Design
- Composition Roof
- Block Exterior
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Over 1 Space Per Unit
- Free Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Floor Furnace
- Heating System Uses Natural Gas
- Wall Furnace
- Master Water Meter
Additional Features
- Concrete Flooring
- Additional Parcels
Listing and Financial Details
- Tax Lot 22
- Assessor Parcel Number 133-09-072
Community Details
Overview
- 2 Buildings
- 6 Units
- Building Dimensions are 10000 sf
- Stanley Plat Subdivision
Building Details
- Operating Expense $14,684
- Gross Income $97,454
- Net Operating Income $78,500
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 | $2,278 | $20,340 | -- | -- |
| 2024 | $2,251 | $19,372 | -- | -- |
| 2023 | $2,251 | $66,900 | $13,380 | $53,520 |
| 2022 | $2,159 | $52,370 | $10,470 | $41,900 |
| 2021 | $2,174 | $44,330 | $8,860 | $35,470 |
| 2020 | $2,108 | $39,980 | $7,990 | $31,990 |
| 2019 | $2,068 | $34,270 | $6,850 | $27,420 |
| 2018 | $2,017 | $28,200 | $5,640 | $22,560 |
| 2017 | $1,957 | $23,060 | $4,610 | $18,450 |
| 2016 | $1,943 | $21,270 | $4,250 | $17,020 |
| 2015 | $1,866 | $21,200 | $4,240 | $16,960 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/21/2025 05/21/25 | Price Changed | $1,175,000 | -2.1% | -- |
| 04/11/2025 04/11/25 | For Sale | $1,200,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Trustee Deed | $109,001 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $380,000 | Magnus Title Agency | |
| Warranty Deed | $120,000 | Lawyers Title Of Arizona Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $381,558 | Seller Take Back | |
| Previous Owner | $110,000 | Seller Take Back |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6855620
APN: 133-09-072
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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