828 W 2nd Street, Tempe, AZ 85281

$719,000
List Price
$719,000
Days on Market
32
Status
ACTIVE
MLS#
6172846
City
Tempe
Lot Size
4
Subdivision
Monterrey Village Plat 3 Unit 2
Year Built
1963

Property Description

Welcome to Monterrey Village Place Apartments. This fully occupied apartments are all two bedroom 1 bath all with private yards and parking. Corner lot with a new block wall. All units have been updated with Ikea kitchens and some units have new flooring. The property has a washer and dryer that are leased on site. Property is self managed and rents are below market from the 600-850 range current cap is around a 3.74. Market rents are 1,100-1,250 proforma cap 5.73 after raised rents. Property is close to Tempe Town Lake ASU and freeways. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unware of sale.

Additional Information

School District
213 - Tempe Union High School District
Construction
Block
Cooling
Central A/C
Electric
APS
Exterior Amenities
Other (See Remarks)
Finish
Painted
Floors
Ceramic Tile, Concrete, Vinyl/Composition, Wood
Gas
Other (See Remarks)
Guest House SqFt
8
Heating
Central, Electric
Interior Amenities
Other (See Remarks)
Lot Size
4
New Financing
1031 Exchange, Conventional, CTL, FHA, VA
Parking
1 Space/Unit, Carport
Project Type
Four Plex
Roofing
Foam
Sewer
Sewer - Public
Pool
Yes
Subdivision
Monterrey Village Plat 3 Unit 2
Taxes
$1,772
Tenant Pays
Cable TV, Electric
Units
4
Water
City Franchise
Zoning
R-3

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 Grace CRE.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.