Address
1011 E Orange Street Tempe, AZ
Price
$ 6,800,000
Property Attributes
  • ML#6143749
  • TypeMulti-Family
  • CountyMARICOPA
  • CityTempe
  • NeighborhoodTerrace Park 1
  • Zip85281
  • Style
  • Year Built1963
  • Taxes26815
  • Price$ 6,800,000
  • Bedrooms58
  • Full Bathrooms40
  • Half Bathrooms0
  • Sqr Footage24024
Listing Provided Courtesy Of:
ABI Multifamily
Property Description

Park Terrace is a 40-unit, garden-style apartment community located within two blocks of Arizona State University's Tempe Campus where more than 50,000 ''in-person'' students are enrolled. Park Terrace is adjacent to the Valley Metro Light Rail and is on the ''Orbit'' shuttle route, which provides free rides connecting people to Downtown Tempe and other employment, retail, and entertainment venues within the city. Additionally, numerous dining and shopping options are in close proximity to the property including Tempe Marketplace, one of the most popular destinations in the Phoenix Metro, with 1.3 Million square feet housing over 100 local and national retailers and restaurants.

Price History
10/8/2020 Listed $6,800,000

General Features

1 Bedroom Units: Avg Rent 1200.00
2 Bedroom Units: Avg Rent 1450.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Cooling Chiller System
Electric Individual Meter
Features No Pool
Heating Electric
Map Code/Grid R37
Net Income 497678.00
New Financing Other (See Remarks)
Owner Pays Landscaping, Other, Sewer, Trash Collection, Water
Parking Other (See Remarks)
Property Type F
Public Remarks Park Terrace is a 40-unit, garden-style apartment community located within two blocks of Arizona State University's Tempe Campus where more than 50
Roof Other (See Remarks)
School District 003 - Tempe School District
Sewer Sewer - Public
Status Active
Subdivision TERRACE PARK 1
Tenant Pays Electric, Other (See Remarks)
Water City Franchise
Year Built 1963
Zoning R-4

Interior Features

1 Bedroom Units: # 1 Bedroom Units 22
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 453
2 Bedroom Units: # 2 Bedroom Units 18
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 781
Appliances Included None
Floors Vinyl/Composition
Gas None
Total Number of Units 40.00

Exterior Features

Sale Includes Land & Building
Const - Finish Painted
Covered Parking Spcs 43.00
Lot Size Dimensions unknown
Total Parking Spcs 45.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85281

Price
AVG $1.39M
$6.8M
Taxes
AVG $4,588
$26,815
Visits
AVG 733
353
Year Built
AVG 1959
1963
Walkscore
AVG 70
75
Data Provided by Walkscore ® not using MLS data

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