1129 S FARMER Avenue $1,000,000

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    1129 S FARMER Avenue Tempe, AZ 85281

    Closed
    SOLD 3/4/2022

    $1,000,000

    • 0 Beds
    • 0 Baths
    • MultiFamily
    • MLS# 6297896
    Favorite Share
    Views: 24

    Property Details

    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 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!!

    • General Features
      • Community Amenities No Pool
      • County Maricopa
      • Covered Parking Spcs 4.00
      • Cross Street UNIVERSITY & MILL
      • Directions WEST TO FARMER, SOUTH TO 1129
      • Gas None
      • Marketing Name MAPLE ASH FARMER WILSON
      • New Financing 1031 Exchange,Conventional,FHA,No Carry
      • Parking 1 Space/Unit
      • Project Type Four Plex
      • Roofing Comp Shingle
      • Subdivision FARMERS ADDITION BLOCKS 4-5 & PART 3 & LOTS 6-9
      • Tax Municipality Tempe
      • Taxes $2,733
      • Total Units 5.00
      • Year Built 1972
      • Zoning R-03
    • Building Features
      • Construction Block,Frame - Wood
      • Appliances Included BI Oven/Range,Disposal,Refrigerator
      • Floors Carpet,Vinyl
      • Cooling Electric
      • Heating Heat Pump
    • Room Features
      • # 1 Bedroom Units 0
      • 1 Bedroom Units: Avg Rent 0.00
      • 1 Bedroom Units: Avg SqFt 0
      • 1 Bedroom Units: # Baths 0
      • # 2 Bedroom Units 4
      • 2 Bedroom Units: # Baths 1
      • 2 Bedroom Units: Avg Rent 934.00
      • 2 Bedroom Units: Avg SqFt 814
      • # 3 Bedroom Units 0
      • 3 Bedroom Units: Avg SqFt 0
      • 3 Bedrooms Units: # Baths 0
      • 3 Bedrooms Units: Avg Rent 0.00
      • # 4 Bedroom Units 0
      • 4 Bedrooms Units: # Baths 0
      • 4 Bedrooms Units: Avg Rent 0.00
      • 4 Bedroom Units: Avg SqFt 0
    • Property Features
      • Efficiency Units: # Efficiency Units 0
      • Efficiency Units: # Baths 0
      • Efficiency Units: Avg SqFt 0
      • Efficiency Units: Avg Rent 0.00
      • Legal Info: Township 21
      • Tenant Pays Electric
      • Owner Pays Trash Collection,Water
      • Income & Expenses: Totl Mnth Rntal Inc 4500.00
      • Income & Expenses: Net Operating Income 0.00
      • Income & Expenses: Gross Annual Sch Inc 56040.00
      • Income & Expenses: Adjusted Gross Inc 56040.00
      • Legal Info: Range 4E
      • Legal Info: Lot Number 7
      • Total Parking Space 8.00
      • Electric APS
      • Sewer Sewer - Public
      • Water City Franchise
    • Schools
      • School District 213 - Tempe Union High School District

    Neighborhood

    85281 (Tempe) Demographics

    25 Median Age
    4,955 Population Density (per sq. mile)
    49% College Educated
    $38,264 Estimated Median Income
    5,169 Estimated Total Home Owners
    19,675 Estimated Total Renters
    21% / 79% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    66,833 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $430,000 Median Sales Price
    52 Homes Sold
    62 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        3/4/2022 12:00:00 AM Sold Source: Multiple Listing Service New Value: $1,000,000
        1/12/2022 2:23:51 PM Status Changed Source: Multiple Listing Service New Value: Pending
        12/3/2021 10:38:47 AM Status Changed Source: Multiple Listing Service New Value: Active
        Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Data last updated 5/24/2022 1:58:50 PM. The ARMLS logo indicates a property listed by a real estate brokerage other than Engel & Völkers Scottsdale.

        All information should be verified by the recipient and none is guaranteed as accurate by ARMLS


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.