522 W 9TH Street Tempe, AZ $ 1,150,000
522 W 9TH Street
$ 1,150,000
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522 W 9TH Street

Tempe, AZ, 85281
$ 1,150,000
Baths0.0

Monthly Estimate*

$ 7,643

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Studio

Multi-Family Home for sale in Tempe, AZ

for $1,150,000. This home was built in 1950.

Two amazing homes on one parcel. with two addresses! One complete remodel and the other a new build. Great rental income with easy or almost no maintenance. Also easy to live in one and rent the other! Perfect location near ASU, freeways, restaurants, Owners had great income with yearly lease, but could net more as a short term rental. Main home (522 W 9th St) is 3 bed/2bath 1167 sf was completely remodeled with permits. Second home on same parcel was built in 2021 with permits and is a 2Bed/2bath with option to make it a 3 bed/3 bath. Nothing was left out.... even electric car chargers at both homes! See document page for all the upgrades and remodeling. No expense was spared to make this a one of a kind property! PLEASE DO NOT DISTURB TENANTS.

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Multi-Family Contingent

Price

$ 1,150,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,978

Style

Multiple Dwellings

Year Built

1950

Town/City

Tempe

County/Region

Maricopa

MLS | Web ID

6662229

Features
General
Sewer Sewer-In & Connected Public Sewer
Heating Individual Heat Pump 2 or More Units Electric Natural Gas
Cooling 2 or More Units Central A/C Individual Heat Pump Electric Ceiling Fan(s) ENERGY STAR Qualified Equipment
Roof Composition
Zoning R-2
Construction Materials Brick Veneer Painted Stucco Block Frame - Wood
Year Built 1950
Electric APS Individual Meter
Tenant Pays Trash Collection Electricity Water Sewer Landscaping
Township 1N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 66036.0
Community Features Other
County Maricopa
Net Operating Income 56128.0
Operating Expense 7513.0
Insurance Expense 1059.0
Property Type Multiple Dwellings
Attached Garage Y
Subdivision Name MITCHELL SUB
Garage Y/N Y
Status UCB (Under Contract-Backups)
Directions Head west to Roosevelt St. South to property on corner of Roosevelt and 9th Street. TWO DETACHED HOMES WITH 2 SEPARATE ADDRESSES ON 1 PARCEL. 522 W 9th St *AND* 825 S Roosevelt
High School Tempe High School
City Tempe
Buyer Agent Compensation 2.50
Disclosures Seller Prop Disc Stm
View Y/N N
High School District Tempe Union High School District
Open Parking Spaces 5.0
NumberOfUnitsTotal 2
Lot Size Square Feet 0.0
Carport Y/N N
Street Name 9TH
Elementary School Holdeman Elementary School
Tax Annual Amount 2978.0
Current Financing Non Assumable
Fuel Expense 156.0
Middle/Junior High School Geneva Epps Mosley Middle School
Water Sewer Expense 1720.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 118
Standard Status Active Under Contract
Occupancy Type Tenant
Elementary School District Tempe Elementary School District
Tax Lot 6
Cap Rate 4.88
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community N
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Interior
Flooring Ceramic Tile Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Street
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features Paved Parking Free Add'l Parking Avail Attached >1 Space Per Unit Street Parking Common
Water Source City Franchise Master Meter
Total Parking 7.0
Lot Size Area 0.0
Number of Buildings 2
Spa N
Lot Dimensions 125' x 67'
Lot Size Acres 0.0
Road Surface Type Asphalt Curb(s) & Gutter(s) Sidewalk(s) Alley
Covered Spaces 2.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 522
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* Excluded Features
List By
West Usa Realty

Broker

julietorrance@outlook.com

Email

Affordability Calculator

$7,891
Per Month
97%
3%
0%
Monthly Principal & Interest
$7,643
Monthly Property Taxes
$248
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4327796 Elementary School
4327128 Middle School
Tempe High School High School
Pricing History
DatePricePrice ChangeDescription
2/10/2024$1,150,000 Listed Price

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522 W 9TH Street, Tempe, AZ, 85281 is a Multi-Family Home for sale at $1,150,000. 522 W 9TH Street is a studio with 0.0 baths and was built in 1950. The property's zip code is 85281 which is in Tempe, AZ