BEDS0
BATHS
MLS#6973787
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONWESTWAY PARK
SCHOOLTempe Union High School District
Property Description
INCREDIBLE INVESTOR OPPORTUNITY -- RARE 4-PLEX IN TEMPE WITH A 9.08% CAP RATE! This high-performing multi-family asset is located just minutes from Arizona State University (ASU), Tempe Town Lake, major employment corridors, and Phoenix Sky Harbor International Airport. Properties in this pocket remain in constant demand, offering extremely low vacancy rates and consistent rental strength year-round. Fully leased and cash-flowing from day one, this 4-plex delivers one of the highest cap rates available in Tempe for a property of its kind--9.08%. Strong tenant base, stable rent rolls, and immediate income make this an ideal acquisition for buy-and-hold investors, 1031 buyers, or portfolio builders seeking reliable returns. Opportunities with this level of return in Tempe are extremely rare!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Heat Pump
Heating: Central
Roof Type: Foam
Taxes: $2,670
Year Built: 1970
Feature Descriptions
Community Features: No Pool
Days on Site: 87
Exterior: Block, Painted
Parking: Carport
Water: City Franchise
Local Schools
High School: Tempe High School
Middle School: Connolly Middle School
Elementary School: Carminati School
School District: Tempe Union High School District
Listed By / Shown By
Listed By
Agency Name: Realty ONE Group
Agency Phone: 480-321-8100
Shown By
Agency Title: Arizona Best Real Estate
Agency Phone: 480-948-4711
Estimate Your Payment
Estimated Payment
$ 2,676.80 per month $2,169.93 Principal & Interest $222.50 Property Tax $284.38 Homeowner's Insurance
1253 W Southern Avenue | MLS# 6973787
This multi-family property located at 1253 W Southern Avenue, Tempe, AZ 85282 is currently listed for sale with an asking price of $975,000. W Southern Avenue is located within the Tempe Union High School District school district. Search Tempe real estate on www.arizonabest.com today.