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
Taxes
Visits
Year Built
Walkscore
Fairway Independent Mortgage Corporation
NMLS Entity ID # 1113077
Nathan Trussell
Senior Loan Officer
NMLS # 729216
Office: 602-522-9494
Fax: 602-522-9495
Email: nathan.trussell@fairwaymc.com
3225 N. Central Ave
Suite 120
Phoenix, AZ 85012
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