Listing MLS# 6851166 Tempe AZ Real Estate

Please contact Barbara Baker at 928.301.0669 for more information on this property! I specialize in Tempe AZ real estate, Stanley Plat - Tempe real estate for sale, Tempe, AZ homes for sale and Tempe real estate and Tempe homes.

$3,425,000 No Recent Price Change
1424 S Stanley Place
Tempe, AZ 85281
  • N/ABeds
  • 0.00Total Baths
  • N/ASqFt
  • 1960Year Built
  • 0.00Acres
  • 65 yearsEst Age
  • MLS# 6851166
  • Multifamily
  • Multiple Dwellings
  • Active

  • Approx Time on Market5 months, 20 days
  • AreaMaricopa
  • CountyMaricopa
  • Subdivision Stanley Plat

Overview

This ''ASU OZ 15'' is located in an ''A'' location on the doorstep to ASU, the 5th largest U in the US. Now 100% vacant. Owner will deliver vacant or re-leased. 10% 2nd position carry or low LTV/market rate carry possible. R-4. Opportunity Zone. Lots: 32,500 sf (up to 40,000 sf). Value-add. Package includes: 1424, 1428, 1432, 1440 & 1446 S Stanley Pl. All 1 bed units are 506-525 sf , except 1432 (2450 sf 5 bed house). 9759 total sf. Assemblage price-$3,425,000. Or sold individually: 1424 & 1428 S Stanley: 4's. $775,000/4 or $1,550,000. 1432 S Stanley: $700,000. Huge 2450 sf 5 bed house w/ pool. Separately owned sf at 1436. Then 1440, 1442, 1444, 1446 A, B, C Stanley: 6 unit. $1,175,000. Close to a 7 CAP historical income performance.



Agriculture / Farm

Horse:  No

Association Fees / Info

Community Features:  Other, See Remarks, Barbecue, Pool

Hoa:  No

Bathroom Info

Building Info

Construction Materials:  Painted, Block

Roof:  Other, Composition

Exterior Features

Pool Private:  No

Financial

Owner Pays:  Trash Collection,Water,Sewer,Landscaping

Gross Income:  266750

Insurance Expense:  5400

Maintenance Expense:  4800

Garage / Parking

Parking Features:  Paved, 1 Space/Unit

Garage:  No

Attached Garage:  No

Interior Features

Flooring:  Carpet, Ceramic Tile, Vinyl, Concrete

Appliances:  Built-In Range, Free-Standing Range, Refrigerator

Fireplace:  No

Lot Info

Lot Size:  32,500

Number of Buildings:  5

Other School Info

Property Info

Road Surface Type:  Asphalt

Zoning:  Multi

Property Attached:  No

Tax Info

Tax Legal Description:  LOT 14 STANLEY PLAT MCR 005617

Unit Info

Total Units:  15

Utilities / Hvac

Water Source:  City Franchise

Electric:  SRP, Individual Meter

Cooling:  Yes

Cool System:  Window/Wall Unit, Electric

Heating:  Other, See Remarks, Window/Wall Unit(s)

Heating:  Yes

Sewer:  Public Sewer

Waterfront / Water

Water Front:  No

Directions

On a dead end street. Rural to Spence to Stanley.

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On barbarabakerrealty.com since Fri, Apr 11th 2025
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