1011 E ORANGE Street, Tempe, AZ 85281
$9,000,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $9,000,000 Last Modified: 8/23/2023
Overview
Listing Details MLS# 6444558
Location, Tax & Legal
- Map Code/Grid
- R37
- House Number
- 1011
- Compass
- E
- Street Name
- ORANGE
- St Suffix
- Street
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85281
- Zip4
- 4048
- County Code
- Maricopa
- Subdivision
- TERRACE PARK 1
- Assessor Number
- 132-73-158-B
- Tax Year
- 2021
- Assessor's Map #
- 73
- Legal Description (Abbrev)
- TRACT B TERRACE PARK 1 MCR 009420
- Assessor's Parcel #
- 158
- Assessor Parcel Ltr
- B
- Add'l Parcels
- No
- Tax Municipality
- Tempe
- Census Tract
- 319101
- Taxes
- 27654
- Legal
- to be provided at title
- Marketing Name
- Park Terrace
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- unknown
- Year Built
- 1963
- Uncvrd Parking Spcs
- 2
- Total # of Units
- 40
- # of Buildings
- 4
- Zoning
- R-4
- Elementary School District
- Tempe Elementary School District
- High School District
- Tempe Union High School District
Status Change Info
- Off Market Date
- 2022-08-10
- Under Contract Date
- 2022-08-09
- Close of Escrow Date
- 2022-10-14
Legal Info
- Township
- 1N
- Range
- 4E
- Section
- 23
- Lot Number
- unknown
More Information
Income Expenses
- Gross Annual Sch Inc
- 714000
- Net Operating Income
- 545236
1 Bedroom Units
- # 1 Bedroom Units
- 22
- Avg Rent
- 1425
- Avg SqFt
- 453
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 18
- Avg Rent
- 1625
- Avg SqFt
- 781
- # Baths
- Yes
Sold Info
- Loan Type
- Other
- Payment Type
- Other
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 25 - 50 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Other
- Yes
Floors
- Vinyl
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Operating Exp
- 27654
- Other Income
- 32457
- Vacancy Allowance
- 0.03
- Adjusted Gross Inc
- 724063.29
Pmt & Rate Info
- Cap Rate
- 5.89
- Equity
- 9250000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Showing Notification Methods
- Text
- Yes
- Yes
- Phone Call
- Yes
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
Cooling
- Electric
- Yes
Tenant Pays
- Electricity
- Yes
- Other (See Remarks)
- Yes
Appliances Included
- None
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Other
- Yes
Electric
- SRP
- Yes
- Individual Meter
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
- Other
- Yes
New Financing
- Other (See Remarks)
- Yes
Reports/Disclosures
- Other (See Remarks)
- Yes
Environmental
- Other (See Remarks)
- Yes
Efficiency Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type: 25 - 50 Units Construction: Block Const - Finish: Painted Roofing: Other Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Appliances Included: None Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: None Parking Features: Other Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping; Other Tenant Pays: Electricity; Other (See Remarks) Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Other (See Remarks) Environmental: Other (See Remarks)
Listing Office: ABI Multifamily
Last Updated: August - 23 - 2023
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