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Multifamily

Tempe Drive

1019 E Tempe Dr, Tempe, AZ 85281

Listing Price: $895,000

Cap Rate
4.50%
Number of Units
6
Price/Unit
$149,167
Price/Gross SF
$332.96
Gross SF
2,688

Investment Overview

T E M P E D R I V E is a six-unit apartment community located northeast of the intersection of Scottsdale and Curry Roads offering outstanding mobility throughout the city of Tempe's thriving economic and academic landscape with expanded reach to South Scottsdale and Mesa's growing accommodations. Located north of Tempe Town Lake, residents have access to one of Arizona's most diverse economic corridors featuring employers such as State Farm, Freedom Financial Network, JPMorgan Chase, Northern Trust, and ADP. Developed in 1955, the property features one-bedroom, one bath floorplans averaging 448-square-feet. Future ownership will have the opportunity to renovate all six unit interiors with in-suite laundry to realize a monthly premium of $100.

Investment Highlights

  • Located in North Tempe bordering the city of Scottsdale.
  • Units have been lightly renovated. Major electrical, windows and select HVACs replaced.
  • Future ownership will have the opportunity to add in-suite laundry for additional premium.

Exclusively Listed By

Listing Price: $895,000

Cap Rate
4.50%
Number of Units
6
Price/Unit
$149,167
Price/Gross SF
$332.96
Gross SF
2,688

Investment Highlights

  • Located in North Tempe bordering the city of Scottsdale.
  • Units have been lightly renovated. Major electrical, windows and select HVACs replaced.
  • Future ownership will have the opportunity to add in-suite laundry for additional premium.

Investment Overview

T E M P E D R I V E is a six-unit apartment community located northeast of the intersection of Scottsdale and Curry Roads offering outstanding mobility throughout the city of Tempe's thriving economic and academic landscape with expanded reach to South Scottsdale and Mesa's growing accommodations. Located north of Tempe Town Lake, residents have access to one of Arizona's most diverse economic corridors featuring employers such as State Farm, Freedom Financial Network, JPMorgan Chase, Northern Trust, and ADP. Developed in 1955, the property features one-bedroom, one bath floorplans averaging 448-square-feet. Future ownership will have the opportunity to renovate all six unit interiors with in-suite laundry to realize a monthly premium of $100.

Exclusively Listed By

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