2122 S GRANADA Drive, Tempe, AZ 85282
$735,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$735,000
Last Modified:
2/05/2025
Description
If you know the Tempe area, you know THIS is the location to be in as an investor! Located directly next to the highly desirable neighborhood of Broadmor, this single-level, fully occupied 4-unit will be a valuable addition to your investment portfolio whether you're an experienced investor or just starting out. This prime investment opportunity
consists of Three(3)-1bd/1ba units plus One(1) 2bd/1ba unit, each unit with its own convenient dedicated parking spot in the rear, individually metered electric. Many updates throughout! Highly desirable central location with high tenant demand!
Don't miss out on this exceptional opportunity to own a multifamily property in one of Tempe's most sought-after locations! Buyer to verify all facts and figures to their satisfaction.
More Information MLS# 6723731
Contract Info
Current Price: $735,000
Sold Price: $735,000
Status: Closed
List Date: 2024-06-25
Ownership: Fee Simple
Location Tax Legal
House Number: 2122
Compass: S
Street Name: GRANADA
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 2258
Country: USA
County Code: Maricopa
Subdivision: SUNSET VISTA
Assessor Number: 133-25-021
Tax Year: 2023
General Property Description
Lot Size Dimensions: 7283
Year Built: 1961
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 1
Zoning: M-H
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Remarks Misc
Cross Street: Broadway & Rural
Directions: From Rual, go West on Broadway, left on S Granada. Property is on West side of the street.
Geo Lat: 33.405037
Geo Lon: -111.928216
Status Change Info
Status Change Date: 2025-02-05
Off Market Date: 2025-02-05
Under Contract Date: 2025-01-08
Close of Escrow Date: 2025-02-04
Sold Price: $735,000
Legal Info
Township: 1N
Range: 4E
Section: 27
Lot Number: 9
Income Expenses
Gross Annual Sch Inc: 48180
Net Operating Income: 32460
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 945
Avg SqFt: 500
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1200
Avg SqFt: 1200
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Other (See Remarks)
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Green Landscaping
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Other
Cooling: Electric; Window/Wall Unit; Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking: Street Parking; 1 Space/Unit
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Gas
Source of Fincl Data: Provided by Owner
Lockbox Type: None
New Financing: Cash; Conventional
Environmental: None
Listing Office: Barrett Real Estate
Last Updated: February - 05 - 2025
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