$675,000
SOLD OCT 11, 2024

515 W 2nd St Tempe, AZ 85281

Riverside Neighborhood
-- Bed
-- Bath
1,553 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$435 Per Sq Ft

11 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heat Pump System

About This Home

As of October 2024

Charming 3-Unit Property in Downtown Tempe Prime Location: Nestled on a secluded street near Mill Avenue, this property offers the perfect blend of tranquility and urban convenience. Investment Opportunity: Situated in the heart of Downtown Tempe, this 3-unit property is a stone's throw away from Tempe Town Lake, the Light Rail Station, and the Trolley Car. Enjoy the vibrant activities of Downtown Tempe and the bustling Arizona State University campus. Property Features: Three One-Bedroom Units: Each unit boasts a ranch-style layout with upgraded kitchens, two skylights, and individual washers and dryers. Modern Amenities: Equipped with tankless water heaters, a new roof 8/24, and new air conditioning units 8/24. Long-Term Tenants: Residents typically stay for over five years, but the current one-year leases allow for a month-to-month option, making it ideal for an owner-occupant. Additional Opportunity: This property can be purchased together with the identical triplex next door at 509 West 2nd Street, creating a 6-unit package. Don't miss out on this unique investment opportunity in one of Tempe's most sought-after locations! Ready for FHA owner occupant, Seller willing to assist/negotiate with buyer closing cost.

Last Agent to Sell the Property

Jared English

Congress Realty, Inc. Brokerage Phone: 888-881-4118 License #BR569813000

Last Buyer's Agent

Laura Higginbotham

AZ Real Estate Options, LLC License #BR526309000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,353

Year Built

  • Built in 1955

Home Design

  • Composition Roof
  • Foam Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Scales Technology Academy Elementary School
  • Connolly Middle School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water
  • Tax Lot 1
  • Assessor Parcel Number 124-32-044-E

Community Details

Overview

  • 3 Units
  • Building Dimensions are 74x96
  • State Plat No 12 Amd Subdivision

Building Details

  • Operating Expense $4,693

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,353

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cross Street: Wilson
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: Industrial
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1955
  • Tax Year: 2023
  • Directions: Wilson to 2nd Street in Tempe
  • Attribution Contact: 888-881-4118
  • Road Surface Type: Asphalt
  • Subdivision Name: STATE PLAT NO 12 AMD
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 1900.0

Schools

  • Elementary School: Scales Technology Academy
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Connolly Middle School

Lot Info

  • Lot Size: 74x96
  • Additional Parcels: No
  • Parcel #: 124-32-044-E

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 3
  • Insurance Expense: 1200.0
  • Annual Operating Expense: 4693.0

Tax Info

  • Tax Annual Amount: 1353.0
  • Tax Book Number: 124.00
  • Tax Lot: 1

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
10/11/2024 10/11/24 Sold $675,000 0.0% $435 / Sq Ft
09/04/2024 09/04/24 Pending -- -- --
08/24/2024 08/24/24 For Sale $675,000 -- $435 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6748206

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-32-044E

Arizona Maricopa County Tempe 85281 Riverside

515 W 2nd St, Tempe, AZ

Homes for Sale in Tempe, AZ

This home is located at 515 W 2nd St, Tempe, AZ 85281 and is currently priced at $675,000, approximately $434 per square foot. This property was built in 1955. 515 W 2nd St is a home located in Maricopa County with nearby schools including Scales Technology Academy, Geneva Epps Mosley Middle School, and Tempe High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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