1201 S Farmer Avenue, Tempe, AZ 85281

$365,000
2
BD
1
BA
1,667
SqFt
List Price
$365,000
Days on Market
18
Status
ACTIVE
MLS#
6033317
City
Tempe
Bedrooms
2
Bathrooms
1
Living SQFT
1,667
Lot Size
8,755
Subdivision
Farmers Blks 4-5 & Pt 3, Lots 6-9
Year Built
1960
Type
Single Family - Detached

Property Description

ATTN: Developers, Flippers, Dream Home Builders. Investors infill opportunity. Value is in the land. The existing home can be updated and rented for immediate income or scrape and develop. One of the most desirable areas in Tempe!! See what is going up around this property. This property is ZONED R-3 for Multi-Family development. Owner states City of Tempe has confirmed that per zoning the lot can accommodate 4 dwelling units. This area is BOOMING. 85281 is undergoing a large redevelopment phase! BIG Opportunity for a quickly changing landscape and a lucrative, long term cash-flow investment property. CASH FLOW OPPORTUNITY! 1/2 Mile fro ASU and Downtown Tempe. Buyer to verify zoning/density.

Additional Information

Elementary School
Holdeman Elementary School
High School
Tempe High School
Middle School
Gililland Middle School
School District
213 - Tempe Union High School District
Architecture
Ranch
Assoc Fee Includes
No Fees
Association Info
None
Builder Name
Unknown
Community
Farmers Blks
Community Features
Near Light Rail Stop, Transportation Svcs, Near Bus Stop, Biking/Walking Path
Construction
Frame - Wood
Cooling
Other (See Remarks), Refrigeration
Dining Area
Other (See Remarks)
Features
Fix-Up Needs Repair, Other (See Remarks)
Fencing
None
Finish
Painted
Fireplace
No Fireplace
Flooring
Tile, Concrete
Heating
Electric Heat
Kitchen Features
None
Landscaping
Natural Desert Front, Natural Desert Back
Laundry
None, Other (See Remarks)
Living Area
1,667
Lot Size
8,755
Master Bathroom
Double Sinks, Full Bth Master Bdrm, Other (See Remarks)
New Financing
Cash, Conventional, 1031 Exchange
Roofing
Comp Shingle
Services
City Services
Sewer
Sewer - Public
Spa
None
Stories
1
Subdivision
Farmers Blks 4-5 & Pt 3, Lots 6-9
Taxes
$2,430
Tax Year
2019
Utilities
SRP, SW Gas
Water
City Water

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of My Home Group Real Estate.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.