$2,000,000
Tempe, AZ 85281
MLS# 5715623
Status: Closed
1 / 6
Property Description
Hard to find property in Coveted Tempe minutes from ASU. Many new zoning & improvements in area. lots of new luxury condos being built nearby. Three adjacent lots 1.43 Acres APN 124-36-013,APN 124-36-014,and APN 124-36-016 must sell together. currently zoned R-3 up to 28 units Currently 15 houses & one duplex. Value is in the land. All improvements Convey as is. Please do not disrupt current tenants. Great opportunity for redevelopment.
Details
Maps
Contract Information
Current Price: $1,800,000
List Price: $2,000,000
Status: Closed
List Date: 2018-01-27
For Sale or Lease?: Sale
Type: ER
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 3
Variable Commission: N
Location, Tax & Legal
Map Code/Grid: R36
House Number: 1027
Compass: W
Street Name: 5TH
St Suffix: Street
Lot #: 16
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2508
Country: USA
County Code: Maricopa
Assessor's Map #: 36
Assessor's Parcel #: 16
Add'l Parcels: Yes
Assessor Number: 124-36-016
Legal Description (Abbrev): N2 TR 27 EX W 300' & EX E 235' M/L .71 AC
Census Tract: 318800
Tax Municipality: Tempe
Taxes: 4626
Tax Year: 2016
General Property Description
Apx Total Acres: 1.43
Apx Total Acres G/N: G
Price Per Acre: 1398601.4
# Lots in Listing: 3
Apx SqFt: 62290.8
Price Per SqFt: 32.11
Apx SqFt G/N: G
Lot Size Dimensions: 1.43 acres
Zoning: R3
Elementary School: Scales Technology Academy
High School: Tempe High School
High School District: Tempe Union High School District
Remarks & Misc
Cross Street: 5th St & Hardy
Directions: S On Hardy Rt @ 530 S Drive goes through Properties & exits between 1007 & 1027 W 5th St.
Geo Lat: 33.424971
Geo Lon: -111.953305
Status Change Info
Status Change Date: 2019-04-02
Off Market Date: 2019-03-04
Under Contract Date: 2019-03-04
Close of Escrow Date: 2019-04-01
Sold Price: 1800000
Legal Info
Township: 1N
Range: 4E
Section: 16
Lot Number: 16
Pmt & Rate Info
Equity: 2200000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot
Zoned Presently: Multi-Family
Parcel Size: 1.00 - 2.49 Acres
Current Density: 16 - 20 Units P/Acre
Proposed Density: 26 - 30 Units P/Acre
Existing Structures: Residence
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: On Property
Distance to Sewer: On Property
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Other Loan: Not Applicable
New Financing: Conventional; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Fencing: Block
Listing Office: Desert 2 Mountain Realty
Last Updated: April - 02 - 2019
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Saturday 27th of April 2024 12:25 AM