BEDS0
BATHS
MLS#6978065
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONORTH SUB
SCHOOLTempe Union High School District
Property Description
PRIME REDEVELOPMENT OPPORTUNITY IN DOWNTOWN TEMPE. SURROUNDED BY A COLLECTION OF HIGH-END COMMERCIAL/OFFICE DEVELOPMENTS, A BOUTIQUE HOTEL, AND TRENDY URBAN MULTI USE CONDOMINIUMS, THIS PROPERTY IS ONE OF THE LAST BEST INFILL LOCATIONS AVAILABLE FOR LONG TERM INVESTMENT GROWTH. THE 2 PARCELS ARE ALSO LOCATED IN TEMPES TRANSPORTATION OVERLAY DISTRICT, ALLOWING ADDITIONAL DEVELOPMENT OPTIONS NOT FOUND IN OTHER R3 ZONED CITY NEIGHBORHOODS. IN ADDITION, THE EXISTING 8 RENTAL UNITS ARE 100% OCCUPIED OFFERING IMMEDIATE CASH FLOW DURING THE PLANNING PROCESS.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Heat Pump, Electric, Varies by Unit, Ceiling Fan(s)
Heating: Heat Pump
Roof Type: Built-Up
Taxes: $3,659
Year Built: 1960
Feature Descriptions
Community Features: No Pool
Days on Site: 14
Exterior: Block, Painted
Flooring: Other
Parking: Detached Carport, Off Street
Sewer: Sewer-In & Connected
Water: City Franchise
Local Schools
School District: Tempe Union High School District
Listed By / Shown By
Listed By
Agency Name: HomeSmart
Agency Phone: 480-443-7400
Shown By
Agency Title: Arizona Best Real Estate
Agency Phone: 480-948-4711
Estimate Your Payment
Estimated Payment
$ 4,457.09 per month $3,671.07 Principal & Interest $304.92 Property Tax $481.10 Homeowner's Insurance
508 S Farmer Avenue | MLS# 6978065
This multi-family property located at 508 S Farmer Avenue, Tempe, AZ 85281 is currently listed for sale with an asking price of $1,649,500. S Farmer Avenue is located within the Tempe Union High School District school district. Search Tempe real estate on www.arizonabest.com today.