1141 S Farmer Avenue, Tempe, AZ 85281
$1,000,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,000,000
List Date:
7/06/2023
Last Modified:
5/06/2025
Description
Spectacular quadplex close to ASU and Downtown Tempe, this 4-plex is centered around the cottages and bungalows of the MAPLE ASH FARMER WILSON (MAFW) neighborhood. The 2 story building has 4 units with 2 good sized bedrooms and 1 full bath, covered parking and is just moments away from 'locals only' hangouts, fine dinning and lots of great shopping. At the north end of Farmer Ave is lake access and event parking with more great restaurant finds. it's proximity to the downtown area helps maintain its zero vacancy rate. Great investment opportunity!!
More Information MLS# 6574745
Contract Info
Current Price: $1,000,000
Sold Price: $1,000,000
Status: Closed
List Date: 2023-06-28
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: R37
House Number: 1141
Compass: S
Street Name: Farmer
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5551
Country: US
County Code: Maricopa
Subdivision: FARMERS ADDITION BLOCKS 1-2 & PART 3 & LOTS 1-5
Assessor Number: 124-70-012-B
Tax Year: 2022
General Property Description
Lot Size Dimensions: 57x142
Year Built: 1972
Total # of Units: 4
# of Buildings: 4
Zoning: R-3
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Holdeman Elementary School
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Remarks Misc
Cross Street: University & Mill
Directions: West on University from Mill, South(right) on Framer. Property will be on the East side(left) of the road.
Geo Lat: 33.416134
Geo Lon: -111.943871
Status Change Info
Status Change Date: 2023-08-04
Off Market Date: 2023-07-10
Under Contract Date: 2023-07-08
Close of Escrow Date: 2023-08-03
Sold Price: $1,000,000
Legal Info
Township: 1N
Range: 4E
Section: 21
Lot Number: 9
Income Expenses
Gross Annual Sch Inc: 67200
Net Operating Income: 56780.65
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1400
Avg SqFt: 800
# Baths: 1
Contact Info
List Agent Home Phn: 480-982-6767
Sold Info
Loan Type: Carryback
Loan Years: 3
Payment Type: Interest Only
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Block; Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building; Personal Property; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available
Interior Amenities: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer
Cooling: Ceiling Fan(s); 2 or More Units
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: Carport; On Street; 1 Space/Unit
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV; Landscaping
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional; Seller May Carry
Environmental: None
Listing Office: Realty Executives
Last Updated: May - 06 - 2025
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.