x
Seller Financing
Address
2174 E Apache Boulevard, Unit 3 Tempe, AZ
Price
$ 3,950,000
Property Attributes
  • MLS#5930729
  • TypeMulti-Family
  • CountyMARICOPA
  • CityTempe
  • NeighborhoodLola Vista
  • Zip85281
  • Style
  • Year Built1950
  • Taxes31886
  • Price$ 3,950,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage2000
Listing Provided Courtesy Of:
Grace CRE
Property Description

This is a portfolio sale of 3 parcels and 3 running hotel businesses. This includes 47 units 3 house and 2 offices. All studios except for 2 rooms. This can be mostly apartments. You can also tear down units and build up to 65 units of high density apartments. Land total is 92,040 sq feet. Hotels are located in front of light rail for easy access to Tempe Market Place and ASU students. 101 is about a block away for easy access. Currently ran as self managed all 3 hotels bring in about $35,000.00 gross and ran 60-65% for expenses per month. Also can build 65 units high density for multi-family. Drive by only managers unware of sale

Price History
5/24/2019 Listed $3,950,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block, Other (See Remarks)
Features Pool(s), Manager Res/Office, Other (See Remarks), Barbecue Area(s)
Map Code/Grid R37
Net Income 180000.00
New Financing Conventional, 1031 Exchange, Other (See Remarks), Seller May Carry
Owner Pays Water, Sewer, Electric, Gas, Trash, Cable TV, Landscaping, Pool/Spa Maintenance
Property Type F
School District 000 - Out of Area
Status Active
Subdivision LOLA VISTA
Tenant Pays None
Unit Number 3
Year Built 1950
Zoning C-G

Interior Features

2 Bedroom Units: # 2 Bedroom Units 2
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 1000
Appliances Included Other (See Remarks)
Cooling Window/Wall Unit
Electric Master Meter
Floors Other (See Remarks)
Gas Other (See Remarks)
Heating Gas, Window/Wall Unit(s)
Interior Features Furnished, Partially Furnished, Other (See Remarks)
Total Number of Units 50.00

Exterior Features

Sale Includes Land & Building, Pool Equipment, Laundry Equipment, Other (See Remarks)
Const - Finish Painted
Covered Parking Spcs 0.00
Exterior Features Landscape Wtr System, Cable TV Available
Lot Size Dimensions 2.11 acres
Parking Paved Parking, >1 Space Per Unit
Roof Comp Shingle, Other (See Remarks)
Sewer Sewer - Public
Total Parking Spcs 50.00
Water Master Meter, City Franchise

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85281

Price
AVG $1.58M
$3.95M
Taxes
AVG $7,542
$31,886
Visits
AVG 277
448
Year Built
AVG 1970
1950

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