Tempe, AZ 85281,405 S PRIEST Drive
Tempe, AZ 85281,405 S PRIEST Drive
Tempe, AZ 85281,405 S PRIEST Drive
46
$1,810,000
$1,995,000
9.3%
Est.Price: ?

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405 S PRIEST Drive Tempe, AZ 85281

Est. payment /mo
SOLD DATE : 03/25/2024

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Key Details

Sold Price $1,810,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 6627699

Sold Date 03/25/24

Maintenance Fees $3,500

Year Built 1961

Annual Tax Amount $5,289

Tax Year 2022

Lot Dimensions Rectangular

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Seller financing available! This well-maintained, value-add 10-unit property consists of three contiguous parcels, two addressed 405 S Priest Dr (APNs 124-28-031-C and 124-28-031-B) as well as 1325 W 4th St (APN 124-28-030), offering multiple exit strategies for a buyer. Electric has been redone and plumbing lines have been partially redone since current ownership. The property features a healthy unit mix of (8) one-bed / one-bath units and (2) two-bed / one-bath units. On-site parking is available for the tenants. There is a small courtyard area between the 4-plexes and a sizable backyard behind the duplex. All leases are month-to-month or ending soon, so great opportunity for immediate value-add in both interior and exterior renovations. Less than two miles from downtown Tempe and ASU.

Location

State AZ

County Maricopa

Zoning MF

Direction Loop 202 freeway to Priest Dr exit, heading southward. Property on SE corner of 4th St & Priest Dr. Also included is 1325 W 4th St.

Interior

Heating Electric

Cooling Electric

Flooring Vinyl

Appliance Free-Standing Range, Refrigerator

Exterior

Parking Features 1 Space/Unit, On Street

Community Features No Pool

Roof Type Composition

Total Parking Spaces 12

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Tempe Union High School District

Others

Senior Community No

Tax ID 124-28-031-C

Acceptable Financing Owner May Carry, Conventional, 1031 Exchange

Listing Terms Owner May Carry, Conventional, 1031 Exchange

Financing Other

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Arizona Regional MLS (ARMLS)
Listed by ABI Multifamily
Bought with ABI Multifamily

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agent

Lauren Ratzken

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+1(480) 815-6789

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