809 W 1st St., Tempe, AZ 85281

809 W 1st St., Tempe, AZ 85281
Photo 1 of 1
$595,000
Sold on 12/13/19
Beds Baths Sq. Ft. Taxes Built
0.00 0 $1,511 1964
On the market: 86 days
View full details, 15 photos, school info, and price history
Four on First is a four-unit apartment community located in the highly desirable North Tempe Submarket. Developed in 1964, the property is comprised of one single level building containing four units, composed of 100% two-bedroom one bath units. The apartment exterior showcases well maintained desert landscaping facing First Street, and spacius corridors on either side of the building allowing for ease of access. A new investor can take advantage of the value add nature of the deal, realizing rental premiums of $100+ per unit after moderate renovatiuons to the interior/exterior. Another potential source of revenue are the individual storage units: renting them out individually would create another source of revenue. Additionally, the availability of residential financing helps even further
Listing courtesy of Craig Young, Georgia Realty and Management, Inc.