427 W 5TH Street $2,500,000

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    427 W 5TH Street Tempe, AZ 85281

    • 0 Beds
    • 0 Baths
    • MultiFamily
    • MLS# 6462063
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    Views: 100 Days On Site: 143

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    Property Details

    Prime Location! Urban touches. Attractive curb appeal! Heart of Tempe! Creative income producer surrounded by newly high end commercial development, and ASU main campus. Currently new commercial buildings being developed. This lot has 2 - 4-plex buildings and 1 single family home with an additional suite. Totaling 10 units. Community is surrounded by many attractions, entertainment, and art. Neighborhood traffic of tourist and college residents. Property is in the center of the Transportation Overlay district.

    • General Features
      • Community Amenities No Pool
      • County Maricopa
      • Covered Parking Spcs 0.00
      • Cross Street 5th St & S Wilson St
      • Directions Property Located on the SW corner of 5th St & Wilson.
      • Gas SW Gas
      • Marketing Name 5th St & Wilson
      • New Financing Conventional
      • Parking 1 Space/Unit
      • Project Type 5 - 12 Units
      • Roofing Comp Shingle
      • Subdivision ORTH SUB
      • Tax Municipality Tempe
      • Taxes $2,442
      • Total Units 10.00
      • Year Built 1963
      • Zoning R3
    • Building Features
      • Construction Block
      • Appliances Included F/S Oven/Range,Microwave,Refrigerator
      • Floors Ceramic Tile
      • Cooling Ceiling Fan(s),Window/Wall Unit
      • Heating Electric,Individual
      • Interior Amenities Unfurnished
    • Room Features
      • # 1 Bedroom Units 1
      • 1 Bedroom Units: Avg Rent 1300.00
      • 1 Bedroom Units: Avg SqFt 500
      • 1 Bedroom Units: # Baths 1
      • # 2 Bedroom Units 1
      • 2 Bedroom Units: # Baths 1
      • 2 Bedroom Units: Avg Rent 1.00
      • 2 Bedroom Units: Avg SqFt 800
      • # 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 8
      • Efficiency Units: # Baths 1
      • Efficiency Units: Avg SqFt 388
      • Efficiency Units: Avg Rent 953.00
      • Legal Info: Township 16
      • Tenant Pays Electric
      • Owner Pays Gas,Water
      • Income & Expenses: Totl Mnth Rntal Inc 10725.00
      • Income & Expenses: Net Operating Income 92569.00
      • Income & Expenses: Gross Annual Sch Inc 128700.00
      • Income & Expenses: Adjusted Gross Inc 122265.00
      • Legal Info: Range 4E
      • Legal Info: Lot Number 7
      • Total Parking Space 8.00
      • Electric SRP
      • Exterior Amenities Desert Landscaping,Partially Fenced,Separate Storage
      • Sewer Sewer - Public
      • Water City Franchise
    • Schools
      • School District 003 - Tempe School District

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    Neighborhood

    85281 (Tempe) Demographics

    25 Median Age
    5,130 Population Density (per sq. mile)
    50% College Educated
    $42,545 Estimated Median Income
    5,503 Estimated Total Home Owners
    20,386 Estimated Total Renters
    21% / 79% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    69,197 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $393,500 Median Sales Price
    12 Homes Sold
    26 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,500,000 -21.88%
        9/9/2022 9:13:00 PM New in Database Source: Multiple Listing Service New Value: $3,200,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Copyright 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Data last updated 1/30/2023 7:42:59 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.