Herron / Korn and Company
Herron / Korn and Company
Isabel Herron, Herron / Korn and CompanyPhone: (480) 342-8388
Email: [email protected]
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listing
1 of 20
MultifamilyFor Sale
$497,500
1127 E Weber Drive
Tempe, AZ 85288
Listed by: Windermere Real Estate & Property Management, (480) 766-6695
MLS: Arizona Regional MLS
Est. Mortgage
$2,668/mo

Excellent investment opportunity, this Duplex is located in the highly sought after area of Tempe North (South Scottsdale), which is an up and coming, high growth area of N Tempe; LOTS of new construction and rehabs abound. Location, Location, Location: less than a mile to 202/101/Tempe Town Lake/ASU and more; just blocks to mass transit, less than 4 miles to: Phoenix Sky Harbor Airport; 2 mi to Old Town Scottsdale and more! Well maintained, remodeled just over a decade ago with low E windows, Trane ACs, roof, underground plumbing, and more. Separate electric meters for each unit. Both units are 2 bedrooms,1 bath, carport with private storage areas, both have units have fenced yards. Zoning is R-2 and opportunity to add more sf to increase rents etc., buyer to verify with city of Tempe Stated rents ($ 1,250 per unit) are based on current market comps of $ 1,200-1,500/mo., as landlord hasn't raised rents in over a decade so current rents are well below market comps; buyer to verify all facts and figures. Tenants have been on a month-to-month rental basis for over a decade. Won't last long!! Multiple comps in area around 500k and this property might be better as it's located on Weber Dr. with beautiful 3 story newer homes located across the street! COMPS - 4 duplexes have sold in the immediate area in the last 18 months: 1124 E TEMPE DR, Tempe, MLS #6570114, $475,000 930 E HENRY ST, Tempe, MLS# 6457594, $519,000 1019 N HAROLD ST, Tempe, MLS #6570114, $545,000 1010 E HENRY ST, Tempe, MLS #6547427, $ 599,000

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Information courtesy of Windermere Real Estate & Property Management is subject to verification and is not guaranteed.
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