1106 E WEBER Drive 1033, Tempe, AZ 85288 (MLS# 5954603)

1106 E WEBER Drive 1033, Tempe, AZ 85288

$7,450,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $7,450,000 Last Modified: 7/06/2022

Overview

Description

Like the coveted town in Orange County, The Newport is created to be a lifestyle community combining the relaxed, connective vibe of the people with the modern, urban architecture found in coastal California. Upon arriving at The Newport, one will notice the clean-lined architectural design, replete with great articulation, varied materials including corrugated metal, cementitious wood, and smooth stucco that blend artistically to remind you that Tempe is a changin'. The interiors are an eclectic mix of mid-century modern that allow you an embracing and warm feel, or chic, minimalist modern California beach house. The community boasts SRP GoldStar rating for the highest in energy efficiency.

Supplements: The Newport features a portfolio of 17-single family detached fee-simple homes in an exclusive 38-home community located in a dynamic Tempe Town Lakes location that was built between 2015 and 2018. 16 of the 17 homes in the offering are fully furnished with designer finishes and include all living necessities for Airbnb and are on a master-lease a ...

Listing Details MLS# 5954603

Location, Tax & Legal

Map Code/Grid
Q37
House Number
1106
Compass
E
Street Name
WEBER
St Suffix
Drive
City/Town Code
Tempe
State/Province
AZ
Zip Code
85288
Zip4
0919
Country
US
County Code
Maricopa
Subdivision
NEWPORT AT TEMPE
Assessor Number
132-10-113
Tax Year
2018

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
2.30
Year Built
2017
Total # of Units
17
# of Buildings
17
Zoning
R1-Pad
Elementary School District
Scottsdale Unified District
High School District
Tempe Union High School District

Status Change Info

Off Market Date
2019-09-23
Under Contract Date
2019-09-20
Close of Escrow Date
2019-12-31

Legal Info

Township
1N
Range
4E
Section
11
Lot Number
2

More Information

2 Bedroom Units

# 2 Bedroom Units
Yes
Avg Rent
3050
Avg SqFt
1702
# Baths
4

3 Bedrooms Units

# 3 Bedroom Units
16
Avg Rent
3050
Avg SqFt
1737
# Baths
4

Income Expenses

Gross Annual Sch Inc
616800
Net Operating Income
478256

Contact Info

List Agent Home Phn
602-735-5634

Sold Info

Loan Type
Cash
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession $/%
%

Property Features

Project Type: 13 - 24 Units Construction: Wood Frame Const - Finish: Painted; Stucco; Siding Roofing: Built-Up Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: Pool; Spa(s); Clubhouse; Exercise Room; Game/Rec Room; Sport Court Exterior Amenities: Landscape Water System; Patio/Balcony Interior Features: Furnished; Fire/Smoke Alarm(s); Fire Sprinklers Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual; ENERGY STAR Qualified Equipment Cooling: Ceiling Fan(s); Electric; Individual; Central Air; ENERGY STAR Qualified Equipment Water Source: City Franchise; Individual Meter Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: City Gas Parking Features: Garage; >1 Space Per Unit; Attached Road Surface Type: Asphalt Owner Pays: Gas; Landscaping; Pool Maintenance Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Email Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; Other (See Remarks) Environmental: None
IDX
Listing Office: CBRE, Inc
Last Updated: July - 06 - 2022
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