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522 W 9TH Street, Tempe, AZ 85281 (MLS# 6662229)

522 W 9TH Street, Tempe, AZ 85281

$1,150,000
Property Type: Multiple Dwellings Status: Active
Current Price: $1,150,000 Last Modified: 2/11/2024

Description

Two amazing homes on one parcel. with two addresses! One complete remodel and the other a new build. Great rental income with easy or almost no maintenance. Also easy to live in one and rent the other! Perfect location near ASU, freeways, restaurants, Owners had great income with yearly lease, but could net more as a short term rental. Main home (522 W 9th St) is 3 bed/2bath 1167 sf was completely remodeled with permits. Second home on same parcel was built in 2021 with permits and is a 2Bed/2bath with option to make it a 3 bed/3 bath. Nothing was left out.... even electric car chargers at both homes! See document page for all the upgrades and remodeling. No expense was spared to make this a one of a kind property! PLEASE DO NOT DISTURB TENANTS.

More Information MLS# 6662229

Contract Info

Current Price: $1,150,000 List Price: $1,150,000 Status: Active List Date: 2024-02-08 Ownership: Fee Simple Buyer/Broker: Y Buyer Broker $/%: %

Location, Tax & Legal

House Number: 522 Compass: W Street Name: 9TH St Suffix: Street City/Town Code: Tempe State/Province: AZ Zip Code: 85281 Zip4: 5510 Country: USA County Code: Maricopa Legal Description (Abbrev): LOT 6 BLOCK 2 MITCHELL SUB MCR 003513 Subdivision: MITCHELL SUB Assessor's Map #: 69 Assessor's Parcel #: 124 Add'l Parcels: No Assessor Number: 124-69-124 Legal: LOT 6 BLOCK 2 MITCHELL SUB MCR 003513 Census Tract: 318900 Tax Municipality: Maricopa - COUNTY Taxes: 2978 Tax Year: 2023 Marketing Name: Mitchell Sub

General Property Description

Lot Size Dimensions: 125' x 67' Year Built: 1950 Uncvrd Parking Spcs: 5 Total # of Units: 2 # of Buildings: 2 Zoning: R-2 Flood Zone: No Elementary School: Holdeman Elementary School Jr. High School: Geneva Epps Mosley Middle School High School: Tempe High School Elementary School District: Tempe Elementary School District High School District: Tempe Union High School District

Remarks & Misc

Cross Street: University Dr & Mill Ave Directions: Head west to Roosevelt St. South to property on corner of Roosevelt and 9th Street. TWO DETACHED HOMES WITH 2 SEPARATE ADDRESSES ON 1 PARCEL. 522 W 9th St *AND* 825 S Roosevelt Geo Lat: 33.420869 Geo Lon: -111.947049

Status Change Info

Status Change Date: 2024-02-09

Legal Info

Township: 1N Range: 4E Section: 21 Block: 2 Lot Number: 6

Income & Expenses

Annual Gas Exp: 156 Annual Ins Exp: 1059 Annual Landscape Exp: 1600 Annual Wtr/Swr Exp: 1720 Owner Association: No Operating Exp: 7513 Gross Annual Sch Inc: 66036 Adjusted Gross Inc: 66036 Net Operating Income: 56128

Pmt & Rate Info

Cap Rate: 4.88 Equity: 1150000

Showing Notification Methods

Showing Service: No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units: 1 Avg Rent: 2350 Avg SqFt: 858 # Baths: 2

3 Bedrooms Units

# 3 Bedroom Units: 1 Avg Rent: 3275 Avg SqFt: 1167 # Baths: 2

Contact Info

List Agent Home Phn: 602-647-9328

Property Features

Project Type: Other (See Remarks) Other Type: House + Rental Units Construction: Block; Frame - Wood Const - Finish: Painted; Stucco; Brick Trim/Veneer Roofing: Comp Shingle Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building Community Amenities: Other Exterior Amenities: Green Landscaping; Fenced; Cable TV Available; Patio/Balcony; Security Light(s) Interior Amenities: Fire/Smoke Alarm(s); Security Alarm(s); Mini Blinds Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup Heating: Natural Gas; Individual; Heat Pump; 2 or More Units; ENERGY STAR Qualified Equipment Cooling: Ceiling Fan(s); Electric; Heat Pump; Individual; Central A/C; 2 or More Units Water: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: SW Gas; Individual Meter Parking: Garage; Carport; Street Parking; >1 Space Per Unit; Attached; Add'l Parking Avail; Free; Paved Parking Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s); Alley Owner Pays: Water; Gas; Trash Collection; Cable TV Tenant Pays: Water; Sewer; Electric; Trash; Landscaping Source of Fincl Data: Provided by Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Ln Type: Fixed Existing 1st Ln Trms: Non Assumable New Financing: VA; Conventional; No Carry; 1031 Exchange Reports/Disclosures: Seller Prop Disc Stm Environmental: Other (See Remarks)
Listing Office: West USA Realty
Last Updated: February - 11 - 2024
522 W 9TH Street, Tempe, AZ 85281- MLS# 6662229
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