Active

1321 W 5TH Street

Tempe AZ, 85281

$1,000,000


Active

Other

Built in 1970

Prime Investment Opportunity!

Fantastic 1031 exchange option in an Opportunity Zone with below-market rents, making this a great value-add property.

This well-maintained fourplex features four spacious 2-bed, 1-bath units, all fully occupied. Renovated in 2018 with a new roof and HVAC, the property spans 2,760 sq ft on a 0.26-acre lot.

Amenities include individual electric cooling, natural gas heating, and 4 covered parking spaces. Located within walking distance of ASU, Mill Ave, and local transit, this property promises steady rental income in a desirable Tempe neighborhood.

Don't miss out on this exceptional opportunity!

6718601

MLS ID

June 13, 2024

Listed

September 13, 2024

Updated

Map

1321 W 5TH Street
Tempe AZ, 85281

Interior Features

Floor Description

Ceramic Tile


Fireplace

No


Cooling

Yes


Cooling Description

Individual, Electric


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Roof

Built-Up


Sewer

Public Sewer

School Information

School District

Tempe Elementary School District

Other Property Details

Taxes

$2,609


Tax Frequency

Annually


Days on Market

80


Garage

No


Parking

1 Space/Unit


Parking Total

4


View

No


County

Maricopa


Water Source

City Franchise


Pool

No


Zoning

Multi Family

Courtesy of eXp Realty

Listing Contact: 602-999-4309 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Santistevan Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data Last Updated: 5:03 AM UTC, 9/13/2024.

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