1951 E DON CARLOS Avenue, Tempe, AZ 85281
$545,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$545,000
Last Modified:
8/01/2025
Description
Almost a 1/4 acre of land with a fully rented 4 plex in the heart of Tempe near ASU. Just a short walk to campus. This 4 plex is located next door to brand new builds and across the street from a great park. There is plenty of parking for all the units. Each unit has been recently updated and average rents are $875 each. All units are 2 bedroom and 1 bath. There are washer and dryers in each unit. There are 2 upstairs units and 2 downstairs units with small backyards. This is a great investment in an area that is growing and very popular.
More Information MLS# 5893068
Contract Info
Current Price: $545,000
Sold Price: $545,000
Status: Closed
List Date: 2019-03-07
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: R40
House Number: 1951
Compass: E
Street Name: DON CARLOS
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 4598
County Code: Maricopa
Subdivision: Rancho El Dorado
Assessor Number: 132-67-044-A
Tax Year: 2018
General Property Description
Lot Size Dimensions: 160.77 x 70.92
Year Built: 1984
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 1
Zoning: R4
Elementary School District: Tempe Elementary School District
Elementary School: Other
Jr. High School: Other
High School: Other
Remarks Misc
Cross Street: S McClintock Dr and E Apache Blvd
Directions: University to Smith and south to Don Carlos and right to the property
Geo Lat: 33.417222
Geo Lon: -111.902089
Status Change Info
Off Market Date: 2019-04-10
Under Contract Date: 2019-04-03
Close of Escrow Date: 2019-05-09
Sold Price: $545,000
Legal Info
Township: 1N
Range: 4E
Section: 24
Lot Number: 50
Income Expenses
Gross Annual Sch Inc: 42000
Net Operating Income: 35586
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 875
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Wood; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Cable TV Available; Patio/Balcony
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer
Heating: Individual
Cooling: Electric; Heat Pump; Individual; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: Free; Paved
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks)
Existing 1st Loan: FHA
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional; No Carry
Environmental: None
Listing Office: AZ Brokerage Holdings, LLC
Last Updated: August - 01 - 2025
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