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13201312 W 5TH Street Tempe, AZ 85281
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Key Details
Sold Price $1,025,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Jo-Ellen Homes
MLS Listing ID 6830355
Sold Date 05/15/25
Maintenance Fees $2,360
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1961
Annual Tax Amount $1,408
Tax Year 2024
Lot Dimensions .384 acres
Property Description
Sold! Per MLS, this represents the highest sold price for a cash/conventional deal EVER (4 units).
Prime location just blocks from Hayden-Ferry Landing, Mill/ASU, and a few minutes to Old
Town Scottsdale. In an OZ. All 2 bedroom unit mix (822sf/unit). Stabilized at a 6 CAP. Long-term, local owners have pride of ownership. Many recent renovations to some units including plumbing, kitchens/baths, windows, roof, etc. Classic features to value-add further. Excellent rents in place with mostly flexible month-to-month leases. The complex offers more amenities than the competition, including carport parking, fenced front yards with private back patios, individual laundry/storage rooms, gorgeous desert landscaping, and a pretty central courtyard. More like homes than apartments.
Location
State AZ
County Maricopa
Community Jo-Ellen Homes
Zoning R-2
Direction 202 to Priest to 5th.
Interior
Heating Heat Pump, Electric
Cooling Electric, Heat Pump
Flooring Other, Ceramic Tile
Appliance Free-Standing Range, Other, Disposal, Dishwasher, Refrigerator, Washer/Dryer
Exterior
Parking Features RV Access/Parking, Free, Add'l Parking Avail, 1 Space/Unit, Carport
Community Features Other, See Remarks, No Pool
Roof Type Composition
Total Parking Spaces 8
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Tempe Union High School District
Others
Senior Community No
Tax ID 124-28-034
Acceptable Financing Conventional
Listing Terms Conventional
Financing Other
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Bought with West USA Realty