2174 E Apache Blvd Unit 3, Tempe, AZ 85281
0 Beds
0 Baths
n/a sqft

Share

   
OR
Photos
Map
Street
This is a portfolio sale of 3 parcels and 3 running hotel businesses. This includes 47 units 3 house and 2 offices. All studios except for 2 rooms. This can be mostly apartments. You can also tear down units and build up to 65 units of high density apartments. Land total is 92,040 sq feet. Hotels are located in front of light rail for easy access to Tempe Market Place and ASU students. 101 is about a block away for easy access. Currently ran as self managed all 3 hotels bring in about $35,000.00 gross and ran 60-65% for expenses per month. Also can build 65 units high density for multi-family. Drive by only managers unware of sale
  • Price:
  • $3,950,000
  • Year Built:
  • 1950
  • Listing ID #:
  • 5930729
  • Street Address:
  • 2174 E Apache Blvd Unit 3
  • City:
  • Tempe
  • State:
  • Arizona
  • Postal Code:
  • 85281
  • County:
  • Maricopa
  • Subdivision:
  • Lola Vista
  • Listing Status:
  • Active
  • Construction Description:
  • Block, Other (see Remarks)
  • Flooring:
  • Other (see Remarks)
  • Interior Features:
  • Furnished, Partially Furnished, Other (see Remarks)
  • Number Of Units:
  • 50.00
  • Siding:
  • Painted
  • Type Of Roof:
  • Comp Shingle, Other (see Remarks)
  • Year Built:
  • 1950
  • Adjusted Gross Income:
  • 420000.00
  • Net Operating Income:
  • 180000.00
  • Operating Expense:
  • 271886.00
  • Conforms To Zoning:
  • C-G
  • Community Features:
  • Pool(s), Manager Res/Office, Other (see Remarks), Barbecue Area(s)
  • Included In Sale:
  • Land & Building, Pool Equipment, Laundry Equipment, Other (see Remarks)
  • Terms:
  • Conventional, 1031 Exchange, Other (see Remarks), Seller May Carry
  • Property Taxes:
  • $31,886
  • Parking Description:
  • Paved Parking, >1 Space Per Unit
  • Parking Spaces:
  • 50.00
  • Appliances:
  • Other (see Remarks)
  • Cooling System:
  • Window/Wall Unit
  • Electricity:
  • Master Meter
  • Existing Water:
  • Master Meter, City Franchise
  • Gas:
  • Other (see Remarks)
  • Heating:
  • Gas, Window/Wall Unit(s)
  • Sewage Type:
  • Sewer - Public
$

$

%

$

$

$


The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listings Provided by Grace Cre
  • ARMLS

Similar Properties

Image Unavailable
ACTIVE
$4,300,000
15419 E Rio Verde Dr, Scottsdale, AZ 85262
0 Beds | 0 Baths
ARMLS Listings Provided by Russ Lyon Sotheby's International Realty
Image Unavailable
ACTIVE
$3,900,000
3228 N Higley Rd, Mesa, AZ 85215
0 Beds | 0 Baths
ARMLS Listings Provided by Century 21 Arizona Foothills
Image Unavailable
ACTIVE
$3,700,000
1484 W Apache Trl, Apache Junction, AZ 85120
0 Beds | 0 Baths
ARMLS Listings Provided by Lost Dutchman Realty