1424 S STANLEY Place Active Save Request In-Person Tour Request Virtual Tour
Tempe,AZ 85281
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Stanley Plat
MLS Listing ID 6851166
Maintenance Fees $4,800
Year Built 1960
Tax Year 2024
Property Description
This ''ASU OZ 15'' is located in an ''A'' location on the doorstep to ASU, the 5th largest U in the US. 6.6+ CAP w/ current rents. R-4. Opportunity Zone. Lots: 32,500 sf (up to 40,000 sf). Value-add. Package includes: 1424, 1428, 1432, 1440 & 1446 S Stanley Pl. All 1 bed units are 506-525 sf , except 1432 (2450 sf 5 bed house). 9759 total sf. Assemblage price-$3,425,000. Or sold individually: 1424 & 1428 S Stanley: 4's. $775,000/4 or $1,550,000. $1299/unit rents. 1432 S Stanley: $700,000. Huge 2450 sf 5 bed house w/ pool. $4,000 rent. Separately owned sf at 1436. Then 1440, 1442, 1444, 1446 A, B, C Stanley: 6 unit. $1,175,000. 5 of 6 rents $1398, other $1299. All leases exp 7/28/25. Tenant-paid electric, gas. W/S owner. Seller financing possible, but buyer to put large down in the deal.
Location
State AZ
County Maricopa
Community Stanley Plat
Zoning Multi
Interior
Heating Other,See Remarks,Window/Wall Unit(s)
Cooling Window/Wall Unit,Electric
Flooring Carpet,Ceramic Tile,Vinyl,Concrete
Exterior
Parking Features Paved,1 Space/Unit
Community Features Other,See Remarks,Barbecue,Pool
Roof Type Other,Composition
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Tempe Union High School District
Others
Acceptable Financing Owner May Carry,Other (See Remarks),Conventional,1031 Exchange
Listing Terms Owner May Carry,Other (See Remarks),Conventional,1031 Exchange