$1,190,000
$1,190,000
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1150 E ORANGE Street Tempe, AZ 85281
Key Details
Sold Price $1,190,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6134890
Sold Date 11/20/20
Year Built 1962
Annual Tax Amount $4,843
Tax Year 2020
Lot Dimensions IRR
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
The Peel on Orange apartments offers a rare buying opportunity for an Investor to acquire a partially renovated, 2 story townhouse style, 7 unit investment in the heart of Tempe within a very short walking distance to ASU. The possibilities are endless with rehab or redevelopment potential with major upside in rents. Current rents are way below market. There is very little in deferred maintenance as this property has already been partially rehabbed with newer roof, paint, interiors, etc. Whether you buy and hold or redevelop, these opportunities do not come on the market very often within the ASU campus proximity. All facts and figures approximate, buyer to verify to their satisfaction.
Location
State AZ
County Maricopa
Zoning R-4
Direction University to Rural, S. on Rural to Terrace, E. on Terrace to Orange, E. to property.
Interior
Heating Individual, Electric, Natural Gas
Cooling Electric, Individual
Flooring Other, Carpet, Ceramic Tile, Vinyl, Wood, Concrete
Appliance Built-In Range, Free-Standing Range, Dishwasher, Refrigerator, Microwave, W/D Hookup
Exterior
Parking Features Paved, Free, 1 Space/Unit, <1 Space Per Unit, On Street, Carport
Community Features Barbecue, No Pool
Roof Type Built-Up
Total Parking Spaces 14
Building
Sewer Public Sewer
Water Private, City Franchise
New Construction No
Others
Senior Community No
Tax ID 132-73-063-B
Acceptable Financing No Carry, CTL, Conventional, 1031 Exchange
Listing Terms No Carry, CTL, Conventional, 1031 Exchange
Financing Conventional
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Bought with Grace CRE