$1,000,000
$1,000,000
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1141 S Farmer Avenue Tempe, AZ 85281
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Farmers Addition Blocks 1-2 & Part 3 & Lots 1-5
MLS Listing ID 6574745
Sold Date 08/03/23
Maintenance Fees $1,313
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1972
Annual Tax Amount $2,690
Tax Year 2022
Lot Dimensions 57x142
Property Description
Spectacular quadplex close to ASU and Downtown Tempe, this 4-plex is centered around the cottages and bungalows of the MAPLE ASH FARMER WILSON (MAFW) neighborhood. The 2 story building has 4 units with 2 good sized bedrooms and 1 full bath, covered parking and is just moments away from 'locals only' hangouts, fine dinning and lots of great shopping. At the north end of Farmer Ave is lake access and event parking with more great restaurant finds. it's proximity to the downtown area helps maintain its zero vacancy rate. Great investment opportunity!!
Location
State AZ
County Maricopa
Community Farmers Addition Blocks 1-2 & Part 3 & Lots 1-5
Zoning R-3
Direction West on University from Mill, South(right) on Framer. Property will be on the East side(left) of the road.
Interior
Heating Electric
Cooling 2 or More Units, Ceiling Fan(s)
Flooring Carpet, Ceramic Tile, Vinyl
Appliance FS OvenRange, Refrigerator, WasherDryer
Exterior
Parking Features 1 Space/Unit, Street Parking, Common
Community Features No Pool
Roof Type Composition
Total Parking Spaces 4
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Holdeman Elementary School
Middle Schools Geneva Epps Mosley Middle School
High Schools Tempe High School
School District Tempe Union High School District
Others
Senior Community No
Tax ID 124-70-012-B
Acceptable Financing Conventional, Owner May Carry
Listing Terms Conventional, Owner May Carry
Financing Carryback
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Bought with ABI Multifamily