Homes for sale - 1127 E WEBER Drive, Tempe, AZ 85288

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Mike Zahn

mikezahn.az@gmail.com +1(602) 574-6400

$ 489,500

Est. payment | -/mo

Save

$ 489,500

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision North Tempe 2

MLS Listing ID 6761938

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1962

Annual Tax Amount $1,270

Tax Year 2023

Lot Dimensions 65x117

Property Description

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. Both units are 2 bedrooms,1 bath, carport with private storage areas, both have units have fenced yards. Zoning is desirable R-2! Stated rents ($1,250/mo. per unit) and current market comps are $1,300-1,600/mo. per unit, but landlord hasn't raised rents to market value as tenants have been there 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. Separate electric meters for each unit. Owner will consider a Seller-Carry with 30% down for 3 years. Well maintained, remodeled just over a decade ago with low E windows, Trane ACs, roof, underground cast iron plumbing replaced, and more.
2018:
- roof was completely redone.

2024 Improvements:
Aug - entire roof was recoated with Elastomeric.
Sept - new Trane AC, front unit #1.
Dec - new interior paint including cabinets, all new door hardware/hinges, bathroom hardware (Brushed Nickel), lighting, rear door. Exterior painting.

There is potential opportunity to add more sf to increase rents etc., on unit #2, buyer to verify with city of Tempe.

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 #6529794, $545,000
1010 E HENRY ST, Tempe, MLS #6547427, $ 599,000

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!

Location

State AZ

County Maricopa

Community North Tempe 2

Zoning R2

Direction From Scottsdale Rd proceed East on Weber Dr to the property, it will be on your Right. Please do not disturb the tenants by walking the lot without permission from agent! THANK YOU!

Interior

Heating Heat Pump, Natural Gas

Cooling Heat Pump, Electric, Ceiling Fan(s)

Flooring Ceramic Tile

Appliance F/S Oven/Range, Microwave, W/D Hookup

Exterior

Parking Features Assigned, Attached, Common

Community Features No Pool

Roof Type Foam

Total Parking Spaces 6

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

High Schools Tempe High School

School District Tempe Union High School District

Others

Senior Community No

Tax ID 132-13-013

Acceptable Financing Conventional, FHA, Owner May Carry, VA Loan

Listing Terms Conventional, FHA, Owner May Carry, VA Loan

Listed by Windermere Real Estate & Property Management

1127 E WEBER Drive Tempe, AZ 85288