AZ > Tempe > North Tempe 2
Tempe, AZ 85288,1127 E WEBER Drive
Tempe, AZ 85288,1127 E WEBER Drive
Tempe, AZ 85288,1127 E WEBER Drive
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$497,500
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1127 E WEBER Drive Tempe, AZ 85288

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Todd Lee

Todd Lee

+1(602) 525-3992

UPDATED:

10/29/2024 11:25 PM

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; 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

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

Garage Assigned, Attached, Common

Community Features No Pool

Waterfront No

Roof Type Foam

Total Parking Spaces 6

Building

Sewer Public Sewer

Water City Franchise

New Construction Yes

Schools

Elementary Schools City Of Tempe Kid Zone Preschool

Middle Schools Tempe High School

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, VA Loan

Listing Terms Conventional, FHA, VA Loan

Arizona Regional MLS (ARMLS)

Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Windermere Real Estate & Property Management

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Todd Lee

Broker | License ID: BR546746000

+1(602) 525-3992

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1127 E WEBER Drive