$835,000
Tempe, AZ 85281
MLS# 6322520
Status: Closed
1 / 7
Property Description
*INVESTOR SPECIAL! LOCATION, LOCATION, LOCATION!! CLOSE TO ASU AND THE LIGHT RAIL! With this location you should never have a problem with vacancy! One lot, two buildings 1006 & 1008 and 4 units total. All units are currently rented into 2022. Units feature 2 bedrooms and 1 bathroom, each having their own private yard and parking in the back. Two units have been remodeled. *INVESTOR ONLY-PLEASE DO NOT DISTURB TENANTS-DRIVE-BY ONLY*
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $835,000
Sold Price: $835,000
Status: Closed
List Date: 2021-11-17
Location, Tax & Legal
Assessor's Map #: 73
Legal Description (Abbrev): LOT 4 MALARAN PARK 1 MCR 009138
Assessor's Parcel #: 142
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319101
Taxes: 1790
Legal: LOT 4 MALARAN PARK 1 MCR 009138
Marketing Name: unknown
Map Code/Grid: R37
House Number: 1006
Compass: S
Street Name: DORSEY
St Suffix: Lane
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 7386
County Code: Maricopa
Subdivision: MALARAN PARK 1
Assessor Number: 132-73-142
Tax Year: 2021
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 80X110
Total # of Units: 4
Elementary School District: Tempe Elementary School District
Jr. High School: Connolly Middle School
High School: Tempe High School
Year Built: 1961
Zoning: R3
Legal Info
Range: 4E
Section: 23
Township: 1N
Lot Number: 4
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Brick Veneer: 1
Roofing
Composition: 1
Floors
Concrete: 1
Vinyl: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Landscape Exp: 2040
Annual Wtr/Swr Exp: 1500
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 5330
Other Income: 0
Vacancy Allowance: 0.01
Adjusted Gross Inc: 52866
Pmt & Rate Info
Cap Rate: 5.95
Equity: 799000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Individual: 1
Cooling
Central Air: 1
Individual: 1
Exterior Amenities
Fenced: 1
Interior Features
Unfurnished: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Unknown: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Conventional: 1
No Carry: 1
1031 Exchange: 1
Special
Estate Sale: 1
Existing 1st Loan
Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1100
Avg SqFt: 768
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: RURAL & UNIVERSITY
Directions: South on Dorsey to Orange. West on Orange to first left. 1006 and 1008 are the two building connected with a steel gate between the two building on both side
Geo Lat: 33.418
Geo Lon: -111.917961
Status Change Info
Off Market Date: 2021-12-17
Under Contract Date: 2021-11-26
Close of Escrow Date: 2021-12-17
Sold Price: $835,000
Income Expenses
Gross Annual Sch Inc: 53400
Net Operating Income: 47536
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted; Brick Veneer
Roofing: Composition
Floors: Concrete; Vinyl; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Fenced
Interior Features: Unfurnished
Appliances Included: Built-In Range; Refrigerator
Heating: Natural Gas; Individual
Cooling: Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Free
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Unknown
Special: Estate Sale
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
New Financing: Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: Keller Williams Realty Sonoran Living
Last Updated: December - 29 - 2025
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