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    1950 E 10TH Street

    Tempe, AZ 85281
    • $450,000
    • STATUS: Active
    • ON SITE: 53 days
    • MLS #: 6110044
    UPDATED: 89 min ago
    $450,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Malaran Park Apartments is a value add duplex in a amazing location in the heart of Tempe. This duplex has a huge lot with potential to possibly add another duplex. Both units are two bedroom one bath units. Close by ASU parks and freeways. Currently rented below market at 1,050 each. Once renovated you can collect 1350 to 1450 rents. Current market rental rates are 1150 to 1200.

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    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Maison DeBlanc Real Estate. Data last updated 2020-09-22T08:11:37.937.
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    1950 E 10TH Street Tempe, AZ 85281

    • Price: $450,000
    • Status: Active
    • Updated: 89 min ago
    • MLS #: 6110044
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1962
    Built
    Neighborhood:
    Malaran Park
    County:
    Maricopa
    Area:
    Tempe
    School District:
    003 - Tempe School District
    Property Description
    Malaran Park Apartments is a value add duplex in a amazing location in the heart of Tempe. This duplex has a huge lot with potential to possibly add another duplex. Both units are two bedroom one bath units. Close by ASU parks and freeways. Currently rented below market at 1,050 each. Once renovated you can collect 1350 to 1450 rents. Current market rental rates are 1150 to 1200.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Cable Tv AvailableFencedPatio/BalconyRv/Boat Parking Lot Size Dimensions 7318 Parking >1 Space Per UnitAdd'l Parking AvailPaved ParkingRv/Boat Parking Roads Asphalt Roofing Rolled

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 675 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included DishwasherDisposalF/S Oven/RangeRefrigeratorWasher/Dryer Cooling Central A/CElectric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating Ceiling Fan(S)CentralHeat Pump Interior Amenities Fire/Smoke Alarm(S)Mini BlindsUnfurnished

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1200.00 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 27360.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1000.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 500.00 Annual Legal And Acctg 0.00 Annual Maint Exp 2000.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 500.00 Annual Wtr Swr Exp 1000.00 Community Amenities Other (See Remarks) Cross Street Mcclintock/University Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Individual MeterSrp Gas Individual MeterSw Gas Gross Annual Sch Inc 28800.00 Hoa YN No Mobile Home Park Rv Spaces 2 Net Operating Income 21478.00 New Financing ConventionalFha Operating Exp 5882.00 Other Income 0.00 Owner Pays SewerTrash CollectionWater Project Type Duplex Sale Includes Land & BuildingLaundry EquipmentPersonal Property Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Tempe Taxes 882.00 Tenant Pays ElectricGas Totl Mnth Rntal Inc 2400.00 Vacancy Allowance 0.05 Water City Franchise Zoning R3

    Listing courtesy of Grace Cre.


    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Maison DeBlanc Real Estate. Data last updated 2020-09-22T08:11:37.937.
     
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