1424 S Stanley Place , Tempe, AZ 85281
Tempe, AZ 85281
Description
This ''ASU OZ 15'' is located in an ''A'' location on the doorstep to ASU, the 5th largest U in the US. 6.5 CAP w/ current rents. R-4. Opportunity Zone. Lots: 32,500 sf (up to 40,000 sf). Value-add. Package includes: 1424, 1428, 1432, 1440 & 1446 S Stanley Pl. All 1 bed units are 506-525 sf , except 1432 (2450 sf 5 bed house). 9759 total sf. Assemblage price-$3,500,000. Or sold individually: 1424 & 1428 S Stanley: 4's. $800,000/4 or $1,600,000. $1299/unit rents. 1432 S Stanley: $700,000. Huge 2450 sf 5 bed house w/ pool. $700,000. $4,000 rent. Separately owned sf at 1436. Then 1440, 1442, 1444, 1446 A, B, C Stanley: 6 unit. $1,200,000. 5 of 6 rents $1398, other $1299. All leases exp 7/28/25. Tenant-paid electric, gas. W/S owner. Seller financing possible. Rent roll attached.
Details
| MLS# | 6851166 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1960 |
| Days On Site | 7 |
| Listing Provided By | Better Homes & Gardens Real Estate SJ Fowler | James C Stephens |
Features
| Pool | Yes |
|---|---|
| Units | 15 |
| Building(s) | 5 |
| Zoning | Multi |
Market Activity 85281
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Learn More About This Property
| State | AZ |
|---|---|
| County | Maricopa |
| City | Tempe |
| Zip Code | 85281 |
| Area | Maricopa |
| Community Name | STANLEY PLAT |
| School District | Tempe Union High School District |
| Listing VS Median (In STANLEY PLAT) | |
Price: $3,500,000 low | high Med: $0 On site: 7 low | high Med: | |
"All information should be verified by the recipient and none is guaranteed as accurate by ARMLS"