1815-17 E Randall Drive, Tempe, AZ 85281

$899,000
List Price
$899,000
Price Change
▼ $61,000 1660688904
Days on Market
74
Status
ACTIVE
MLS#
6433789
City
Tempe
Lot Size
6
Subdivision
Randall Terrace Lots 6 & 7
Year Built
1959

Property Description

Value-add four unit that is less than a mile from ASU! Seller Financing considered at 7%, long-term, $265K minimum down. Sale includes two parcels APN 132-66-088 1817 E Randall APN 132-66-089 1815 E Randall. This complex is not typical, lots of upside. Unit 1-Studio/1 BA 529 SF-Rent $1000. Unit 2 -3+BR/2BA 1,044 SF-Rent $2,000 (pgrading in this unit). Unit 3 -1+BR/1BA 1,096 SF-Rent $1,300 (Kitchen/Bath/Living main level 696 SF w/ 2 BR sub-level 400 SF). Unit 4 -1BR/1BA 768 SF -Rent $1,000 (long-term tenant, in worst condition of 4)All month-to-month leases! New Roof. Utilities are mastered/seller paid with two HVAC units & wall units to supplement.Operating at just under a 5 CAP with very low rents & significant upside ahead. Showings in escrow-please do not bother the tenants.

Additional Information

School District
213 - Tempe Union High School District
Construction
Brick
Cooling
2 or More Units, Central A/C, Electric, Other, See Remarks, Window/Wall Unit
Electric
SRP
Exterior Amenities
Cable TV Available, Fenced, Other (See Remarks)
Finish
Painted
Floors
Carpet, Ceramic Tile
Gas
SW Gas
Guest House SqFt
6
Heating
Electric, Heat Pump, Natural Gas
Interior Amenities
Basement, Fire/Smoke Alarm(s), Other (See Remarks), Unfurnished
Lot Size
6
New Financing
1031 Exchange, Conventional, Seller May Carry
Parking
>1 Space Per Unit, Carport
Project Type
Four Plex
Roofing
Comp Shingle
Sewer
Sewer - Public
Pool
Yes
Subdivision
Randall Terrace Lots 6 & 7
Taxes
$2,219
Tenant Pays
Cable TV, Other (See Remarks)
Units
4
Water
City Franchise
Zoning
Residential

Mortgage Calculator

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Listing courtesy of Better Homes & Gardens Real Estate SJ Fowler.

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