1145 W SOUTHERN Avenue, Tempe, AZ 85282
$965,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$965,000
List Date:
7/11/2025
Last Modified:
11/04/2025
Description
DO NOT DISTURB TENANTS. Rarely available and meticulously maintained Tempe 4-plex with exceptional visibility directly on Southern Ave. Each 2-bed, 1-bath unit is spacious and on month-to-month leases, offering immediate upside on below-market rents. Pride of ownership shows with major recent upgrades including new ABS plumbing, newer roof, updated ACs, fresh paint, modern appliances, and finishes. Property features covered parking, laundry hookups (with coin-op potential), and sits on a low-maintenance xeriscaped lot—one of the largest among neighboring 4-plexes at nearly 11,000 sq ft. Centrally located near shopping, dining, trails, and major freeways. Strong fundamentals and value-add potential for any investor.
More Information MLS# 6888728
Contract Info
Current Price: $965,000
List Price: $965,000
Status: Active
List Date: 2025-07-04
Ownership: Fee Simple
Location Tax Legal
House Number: 1145
Compass: W
Street Name: SOUTHERN
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 4528
County Code: Maricopa
Subdivision: WESTWAY PARK
Assessor Number: 123-42-072
Tax Year: 2024
General Property Description
Lot Size Dimensions: 106x125
Year Built: 1970
Uncvrd Parking Spcs: 5
Total # of Units: 4
# of Buildings: 1
Zoning: R-3R
Flood Zone: No
Elementary School District: Tempe School District
High School District: Tempe Union High School District
High School: Tempe High School
Remarks Misc
Cross Street: Southern & Priest
Directions: From Priest, east on Southern. Property located on the SE corner of Southern and S Shafer Dr.
Geo Lat: 33.392536
Geo Lon: -111.956612
Legal Info
Lot Number: 072
Income Expenses
Gross Annual Sch Inc: 61680
Net Operating Income: 58680
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1285
Avg SqFt: 750
# Baths: 4
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Foam
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced; Separate Storage
Interior Features: Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Built-In Range; Refrigerator; Disposal; Microwave; Washer/Dryer
Heating: Heat Pump
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport; >1 Space Per Unit; Add'l Parking Avail; Assigned; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: Citiea
Last Updated: November - 04 - 2025
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