534 E Huntington Drive, Tempe, AZ 85282 (MLS# 6360352)

534 E Huntington Drive, Tempe, AZ 85282

$5,700,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $5,700,000 Last Modified: 5/04/2026

Overview

Description

Life is a beach at Twenty on Huntington! This amazing investment in the heart of Tempe with no HOA. Private pool all units have covered parking and ends in cul-de-sac. 542 E Huntington included in sale a total of 34,480 sq feet for both parcels. Incredible unit mix 16 two bedrooms and 4 ones beds. This property is being sold as is and seller is open to offers before renovation is complete. New rents on units are 1550 to 1600 plus tax on 2 bedrooms one bath units. One bedroom units new rents are $1450 plus tax. Current seller broker is process of renting out and remodeling process and stabilizing property. Drive by only tenants are unware of sale. Owner agent. All facts and figures are approximate buyer verify MLS information.

Listing Details MLS# 6360352

Location, Tax & Legal

Map Code/Grid
R37
House Number
534
Compass
E
Street Name
Huntington
St Suffix
Drive
City/Town Code
Tempe
State/Province
AZ
Zip Code
85282
Country
US
County Code
Maricopa
Assessor Number
133-28-069
Tax Year
2020

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
irr
Year Built
1967
Uncvrd Parking Spcs
20
Total # of Units
20
# of Buildings
Yes
Zoning
Multi
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District

Remarks Misc

Cross Street
Southern and Rural

Status Change Info

Off Market Date
2022-02-25
Under Contract Date
2022-02-25
Close of Escrow Date
2022-02-25

Legal Info

Lot Number
104

More Information

1 Bedroom Units

# 1 Bedroom Units
4
Avg Rent
1450
Avg SqFt
650
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
16
Avg Rent
1550
Avg SqFt
900
# Baths
Yes

Income Expenses

Gross Annual Sch Inc
367200
Net Operating Income
291393

Sold Info

Loan Type
Conventional
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession $/%
%

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted Roofing: Other Floors: Vinyl; Carpet Sale Includes: Land & Building; Personal Property Community Features: Pool; Spa(s) Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Disposal; Washer/Dryer Cooling: Electric Water Source: City Franchise Sewer: Sewer-In & Connected Electric: SRP Gas: SW Gas Parking Features: Other Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance Tenant Pays: Electricity; Cable TV Source of Fincl Data: Projected Proforma Special: Owner/Agent 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 Environmental: None
IDX
Listing Office: Grace CRE
Last Updated: May - 04 - 2026
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