Unique Tempe INVESTMENT Opportunity on approx. 11,032 SF Zoned R-3 lot. Property includes two separate residences on one parcel. Front/East residence features 2 bedrooms and 1 bath and approx. 1,048 sq ft. Back/West residence features 2 bedrooms, 1 bath and approx. 1,048 sq ft. Both are tenant-occupied, producing $2,500 combined… Read More monthly rent. Each home has separate APS electric, City of Tempe water, and Southwest Gas meters. New Roof Aug 2026. County records identify the property as a Multiple Family Residence. ,Close to ASU, Downtown Tempe, shopping, dining, and major highways. Pair with adjoining parcel at 815 S Roosevelt St to assemble approx. 22,024 SF for possible Multi-Unit Redevelopment. All information deemed important to be verified by buyer or buyer's agent. Read Less
Courtesy of Realty ONE Group 602-953-4000
Listing Snapshot
Days Online
3
Last Updated
Beds
4
Year Built
1935
MLS Number
7082673
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Refrigerator, Washer/Dryer
Building
Built in 1935, 2 buildings, Construction Materials: Wood Frame, Painted
Cooling
Central Air
Disclosures
None
Expenses
Operating: $2,717
Floors
Vinyl, Concrete
Heating
Natural Gas
Income
Gross Income: $30,000, Gross ScheduledIncome: $30,000, Net Operating Income: $27,283
Lot
Dimensions: 11,032
Owner Pays
Landscaping
Parking
1 covered spaces, 2 open parking spaces, 3 total parking spaces, Add'l Parking Avail, Carport
Roof
Composition
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 124-69-126-A, Public Survey Range: 4E, Public Survey Section: 21, Annual Amount: $2,717, Tax Book Number: 124.00, Legal Description: LOT 8 MITCHELL SUB MCR 003513, Lot: 8, Parcel Letter: A, Year: 2025, Zoning: R-3
Utilities
Water Source: City Franchise, APS
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