404 W 11th Street, Tempe, AZ 85281
$480,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$480,000
Last Modified:
6/19/2025
Description
Investors Dream! A corner lot in the desirable Farmer Arts District near Downtown Tempe. 2 homes currently on property but true value is in the land and location. Front house is a 2 bed 1 bath with tenant in place. Rear is a studio unit with tenant in place.
More Information MLS# 6881849
Contract Info
Current Price: $480,000
List Price: $480,000
Status: Active
List Date: 2025-06-12
Ownership: Fee Simple
Location Tax Legal
House Number: 404
Compass: W
Street Name: 11th
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
County Code: Maricopa
Subdivision: VAL VERDE PLAT 1
Assessor Number: 124-70-064
Tax Year: 2025
General Property Description
Lot Size Dimensions: 6500
Year Built: 1935
Uncvrd Parking Spcs: 4
Total # of Units: 2
# of Buildings: 2
Zoning: R-3
Remarks Misc
Cross Street: University and Mill
Directions: From AZ-202, head south to Priest Dr, turn left onto W University Dr, turn right onto S Roosevelt St, at traffic circle, take 3rd exit onto W 11th St. Property will be on the left.
Geo Lat: 33.417907
Geo Lon: -111.944551
Legal Info
Township: 1N
Range: 4E
Section: 21
Lot Number: 3
Income Expenses
Gross Annual Sch Inc: 22800
Net Operating Income: 19300
Showing Notification Methods
Showing Service: Aligned Showings
Efficiency Units
# Efficiency Units: 1
Avg Rent: 800
Avg SqFt: 625
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 14
Avg Rent: 1100
Avg SqFt: 1000
# Baths: 1
Contact Info
List Agent Home Phn: 480-208-2044
Property Features
Project Type: Duplex; Other (See Remarks)
Other Type: House + Rental Units
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Concrete; Other
Sale Includes: Building(s) Only; Land & Building; Laundry Equipment
Community Features: No Pool
Appliances Included: Washer/Dryer
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: On Street; 1 Space/Unit; Add'l Parking Avail; Free; Other
Owner Pays: Landscaping; Other
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV
Source of Fincl Data: Owner
Special: Owner/Agent
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Owner May Carry
Environmental: None
Listing Office: eXp Realty
Last Updated: June - 19 - 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.