1127 E WEBER Drive Active Save Request In-Person Tour Request Virtual Tour
Tempe,AZ 85288
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision North Tempe 2
MLS Listing ID 6761938
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1962
Annual Tax Amount $1,270
Tax Year 2023
Lot Dimensions 65x117
Property Description
Excellent investment opportunity, this Duplex is located in the highly sought after area of Tempe North (South Scottsdale), which is an up and coming, high growth area of N Tempe. Both units are 2 bedrooms,1 bath, carport with private storage areas, both have units have fenced yards. Zoning is desirable R-2! Stated rents ($1,250/mo. per unit) and current market comps are $1,300-1,600/mo. per unit, but landlord hasn't raised rents to market value as tenants have been there over a decade, so current rents are well below market comps; buyer to verify all facts and figures. Tenants have been on a month-to-month rental basis for over a decade. Separate electric meters for each unit. Owner will consider a Seller-Carry with 30% down for 3 years. Well maintained, remodeled just over a decade ago with low E windows, Trane ACs, roof, underground cast iron plumbing replaced, and more.
2018:
- roof was completely redone.
2024 Improvements:
Aug - entire roof was recoated with Elastomeric.
Sept - new Trane AC, front unit #1.
Dec - new interior paint including cabinets, all new door hardware/hinges, bathroom hardware (Brushed Nickel), lighting, rear door. Exterior painting.
There is potential opportunity to add more sf to increase rents etc., on unit #2, buyer to verify with city of Tempe.
Multiple comps in area around 500k and this property might be better as it's located on Weber Dr. with beautiful 3 story newer homes located across the street!
COMPS - 4 duplexes have sold in the Immediate area in the last 18 months:
1124 E TEMPE DR, Tempe, MLS #6570114, $475,000
930 E HENRY ST, Tempe, MLS# 6457594, $519,000
1019 N HAROLD ST, Tempe, MLS #6529794, $545,000
1010 E HENRY ST, Tempe, MLS #6547427, $ 599,000
LOTS of new construction and rehabs abound. Location, Location, Location: less than a mile to 202/101/Tempe Town Lake/ASU and more; just blocks to mass transit, less than 4 miles to: Phoenix Sky Harbor Airport; 2 mi to Old Town Scottsdale and more!
Location
State AZ
County Maricopa
Community North Tempe 2
Zoning R2
Direction From Scottsdale Rd proceed East on Weber Dr to the property, it will be on your Right. Please do not disturb the tenants by walking the lot without permission from agent! THANK YOU!
Interior
Heating Heat Pump,Natural Gas
Cooling Heat Pump,Electric,Ceiling Fan(s)
Flooring Ceramic Tile
Appliance F/S Oven/Range,Microwave,W/D Hookup
Exterior
Parking Features Assigned,Attached,Common
Community Features No Pool
Roof Type Foam
Total Parking Spaces 6
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
High Schools Tempe High School
School District Tempe Union High School District
Others
Senior Community No
Tax ID 132-13-013
Acceptable Financing Conventional,FHA,Owner May Carry,VA Loan
Listing Terms Conventional,FHA,Owner May Carry,VA Loan