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13201312 W 5TH Street Tempe, AZ 85281
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Key Details
Sold Price $1,025,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Jo-Ellen Homes
MLS Listing ID 6830355
Sold Date 05/15/25
Maintenance Fees $2,360
Year Built 1961
Annual Tax Amount $1,408
Tax Year 2024
Lot Dimensions .384 acres
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Sold! Per MLS, this represents the highest sold price for a cash/conventional deal EVER (4 units).
Prime location just blocks from Hayden-Ferry Landing, Mill/ASU, and a few minutes to Old
Town Scottsdale. In an OZ. All 2 bedroom unit mix (822sf/unit). Stabilized at a 6 CAP. Long-term, local owners have pride of ownership. Many recent renovations to some units including plumbing, kitchens/baths, windows, roof, etc. Classic features to value-add further. Excellent rents in place with mostly flexible month-to-month leases. The complex offers more amenities than the competition, including carport parking, fenced front yards with private back patios, individual laundry/storage rooms, gorgeous desert landscaping, and a pretty central courtyard. More like homes than apartments.
Location
State AZ
County Maricopa
Community Jo-Ellen Homes
Area Maricopa
Zoning R-2
Direction 202 to Priest to 5th.
Interior
Heating Heat Pump, Electric
Cooling Electric, Heat Pump
Flooring Ceramic Tile
Appliance Free-Standing Range, Other, Disposal, Dishwasher, Refrigerator, Washer/Dryer
Exterior
Parking Features RV Access/Parking, Free, Add'l Parking Avail, 1 Space/Unit, Carport
Community Features Other, See Remarks, No Pool
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Tempe Union High School District
Others
Senior Community No
Tax ID 124-28-034
Acceptable Financing Conventional
Disclosures Seller Prop Disc Stm
Listing Terms Conventional
Financing Other
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Bought with West USA Realty
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