$550,000
Tempe, AZ 85281
MLS# 6165775
Status: Closed
1 / 27
Property Description
Welcome to College Homes on Roosevelt. These homes are walking distant to Mill and ASU campus! Property is in a nice residential neighborhood. The main house has 4 bedroom 2 bath home about 1423 square feet. The second home is a 3 bedroom 1 bath about 744 square feet. Brand new roof, paint, carpet, and wood floors. Brand new doors and some new windows. Kitchens have been updated. Both homes have washer and dryers and it is fully occupied. Currently rented for $3,200.00 to one tenant. Separately metered for electric, and gas. One meter for water and trash. Current tenant pays for all utilities including and landscaping plus rental tax. 6% cap on current numbers. All facts and figures are approximate buyer verify MLS information. Please drive by only tenants are unaware of the sale.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $550,000
Sold Price: $550,000
Status: Closed
List Date: 2020-11-29
Location, Tax & Legal
Unit #: REAR
Assessor's Map #: 70
Legal Description (Abbrev): LOT 34 STATE COLLEGE HOMES LOTS 33-40 MCR 003620
Assessor's Parcel #: 133
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 318900
Taxes: 3017
Legal: LOT 34 STATE COLLEGE HOMES LOTS 33-40 MCR 003620
Marketing Name: College Homes onRoosevelt
Map Code/Grid: R36
House Number: 1208
Compass: S
Street Name: ROOSEVELT
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5474
Country: US
County Code: Maricopa
Subdivision: STATE COLLEGE HOMES LOTS 33-40
Assessor Number: 124-70-133
Tax Year: 2020
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 3
Lot Size Dimensions: 7875
Total # of Units: 2
Elementary School District: Tempe Elementary School District
Year Built: 1950
Zoning: R-2
Legal Info
Range: 4E
Section: 21
Township: 1N
Lot Number: 34
Project Type
Duplex: 1
Other Type
House + Rental Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Wood: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1000
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 1000
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 5017
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 38400
Total Monthly Rental Income: 3200
Pmt & Rate Info
Cap Rate: 6.07
Equity: 550000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Exterior Amenities
Fenced: 1
Interior Features
Other (See Remarks): 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
On Street: 1
1 Space/Unit: 1
>1 Space Per Unit: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
See Remarks: 1
New Financing
Cash to Loan: 1
VA: 1
Conventional: 1
FHA: 1
Other (See Remarks): 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Other (See Remarks): 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1500
Avg SqFt: 744
# Baths: 1
4 Bedrooms Units
# 4 Bedroom Units: 1
Avg Rent: 1700
Avg SqFt: 1423
# Baths: 2
Mobile Home Prk Info
Avg Rent Single Wide: 0
Avg Rent Double Wide: 0
Avg Rent Ovrnght Spc: 0
Avg Rent RV Spaces: 0
Avg Rent Oversize Sp: 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: Mill Ave & University dr
Directions: Head south on Mill Ave to 13th ST, go west on 13th ST for approximately half a mile until you hit S Roosevelt ST, turn north on s Roosevelt ST and house will be the 7th house on the west side
Geo Lat: 33.415619
Geo Lon: -111.947611
Status Change Info
Off Market Date: 2021-01-29
Under Contract Date: 2020-12-18
Close of Escrow Date: 2021-01-29
Sold Price: $550,000
Income Expenses
Gross Annual Sch Inc: 38400
Net Operating Income: 33383
Property Features
Project Type: Duplex
Other Type: House + Rental Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Wood; Ceramic Tile; Carpet
Sale Includes: Building(s) Only
Community Features: No Pool
Exterior Amenities: Fenced
Interior Features: Other (See Remarks)
Appliances Included: Refrigerator; Dishwasher; Disposal; Washer/Dryer
Heating: Central
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport; On Street; 1 Space/Unit; >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: See Remarks
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV
Source of Fincl Data: Owner; Projected Proforma
Special: Owner/Agent
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash to Loan; VA; FHA; Conventional; Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: Grace CRE
Last Updated: May - 04 - 2026
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