1301 W 4th Street, Tempe, AZ 85281
$7,000,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$7,000,000
Last Modified:
2/28/2023
Description
Masterfully designed portfolio of 15-single family attached homes in a community located in dynamic Tempe. Centrally located near ASU, the Loop 202 Freeway, Tempe Town lake, and the Phoenix airport. Built in 2018, the community sits on Qualified Opportunity Zone site, and consists of two-story residences averaging 1,572 square feet each. Unit mix consists of nine, 3 bedroom / 3 bathroom residences, and six, 2
bedroom / 2 bathroom residences. 3-bed/3 bath configurations are at 1696 sq feet, or 1793 sq feet, while 2 bed/2 bath configurations are 1332 square feet.
The community combines the sophisticated, connective vibe of the residents with the modern, urban architecture typically seen only in coastal Southern California. These highly-upgraded, town homes are all individually metered
More Information MLS# 6100256
Contract Info
Ownership: Fee Simple
Current Price: $7,000,000
Sold Price: $7,000,000
Status: Closed
List Date: 2020-07-07
Location, Tax & Legal
Assessor's Map #: 28
Legal Description (Abbrev): TRACT A 4TH STREET WEST MCR 126940
Assessor's Parcel #: 177
Add'l Parcels: No
Tax Municipality: Tempe
Taxes: 51000
Legal: 4th st town homes
Marketing Name: 4th street town homes
Map Code/Grid: R36
House Number: 1301
Compass: W
Street Name: 4th
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
County Code: Maricopa
Subdivision: 4TH STREET WEST
Assessor Number: 124-28-177
Tax Year: 2020
General Property Description
# of Buildings: 5
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 11839
Total # of Units: 15
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Scales Technology Academy
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Year Built: 2017
Zoning: R1-PAD, R-2
Legal Info
Range: 4E
Section: 16
Township: 1N
Lot Number: NA
Project Type
13 - 24 Units: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Brick Veneer: 1
Siding: 1
Roofing
Foam: 1
Metal: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: Yes
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 51000
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Down Payment: 0
Equity: 7200000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Barbecue: 1
Heating
Electric: 1
Cooling
Electric: 1
Exterior Amenities
Landscape Wtr System: 1
Green Landscaping: 1
Desert Landscaping: 1
Partially Fenced: 1
Cable TV Available: 1
Patio/Balcony: 1
Interior Amenities
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Breakfast Bar: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Built-In Range: 1
Refrigerator: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
W/D Hookup: 1
Roads/Streets
Concrete: 1
Source of Fincl Data
Projected Proforma: 1
Other (See Remarks): 1
Water Source
City Franchise: 1
Individual Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Garage: 1
>1 Space Per Unit: 1
Attached: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Landscaping: 1
New Financing
Conventional: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Ln Type
Not Applicable: 1
Existing 1st Ln Trms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Ln Type
Not Applicable: 1
Existing 2nd Ln Trms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Ln Type
Not Applicable: 1
Reports/Disclosures
ALTA Survey Availbl: 1
Other (See Remarks): 1
Existing 3rd Ln Trms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 6
Avg Rent: 2450
Avg SqFt: 1342
# Baths: 2
3 Bedrooms Units
Avg Rent: 2890
Avg SqFt: 1700
# Baths: 3
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Geo Lat: 33.426236
Geo Lon: -111.95925
Status Change Info
Off Market Date: 2020-07-08
Under Contract Date: 2020-07-08
Close of Escrow Date: 2020-07-08
Sold Price: $7,000,000
Property Features
Project Type: 13 - 24 Units
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco; Brick Veneer; Siding
Roofing: Foam; Metal
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool; Barbecue
Exterior Amenities: Landscape Wtr System; Green Landscaping; Desert Landscaping; Partially Fenced; Cable TV Available; Patio/Balcony
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Breakfast Bar
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup
Cooling: Electric
Water Source: City Franchise; Individual Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP
Gas: None
Parking Features: Garage; >1 Space Per Unit; Attached
Owner Pays: Landscaping
Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV
Source of Fincl Data: Projected Proforma; Other (See Remarks)
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; 1031 Exchange
Environmental: None
Listing Office: Grace CRE
Last Updated: February - 28 - 2023
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