Prime dirt location on the doorstep to ASU, the 5th largest university in the US. Sought after four unit complex. All 1 bedroom unit mix with $1299 rents & a 7/28/2025 lease exp. Located in an opportunity zone with 1000's of new units in process. Stabilized 6+ CAP with… Read More room to raise rents. Student housing. Very low expenses w/ separate, tenant-paid electric/gas. Twin adjacent property is 1424 S Stanley (MLS 6855520). Available individually or as part of a package of 15 units (see MLS 6851166). Value-add. Long-term, local-owner that has self-managed. Seller financing may be available. Expenses are actual & estimated. Shared water meter with 1424 S Stanley. Read Less
Courtesy of Better Homes & Gardens Real Estate SJ Fowler, James C Stephens, 480-649-3536
Listing Snapshot
Days Online
27
Last Updated
Property Type
Multiple Dwellings
Year Built
1960
MLS Number
6855518
30 Days Snapshot Of 85281
$444k
+18%
(avg) sold price
25
+13%
homes sold
78
-11%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Free-Standing Range", "Refrigerator"
Building
Built in 1960, Construction materials: "Painted", "Block", 4 total units
Cooling
"Window/Wall Unit"
Expenses
Electric: $100, Insurance: $1,300, Maintenance: $1,100, Water sewer: $2,100
Floors
"Carpet", "Vinyl"
Heating
"Window/Wall Unit(s)"
Parking
"1 Space/Unit", 4 total parkings
Property
Zoning: Multi
Roof
"Composition"
Sewer
"Sewer-In & Connected", "Public Sewer"
Taxes
Annual amount: $1,539, Lot: 16
Utilities
"SRP", "Individual Meter"
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