Homes for sale - 1424 S STANLEY Place, Tempe, AZ 85281

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Dylan Schwarm

dylan@smithphx.com +1(541) 973-9945

$ 3,425,000

Est. payment | -/mo

Save

$ 3,425,000

Est. payment | -/mo

Save

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

Lot Dimensions 32,500

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

This ''ASU OZ 15'' is located in an ''A'' location on the doorstep to ASU, the 5th largest U in the US. Now 100% vacant. Owner will deliver vacant or re-leased. 10% 2nd position carry or low LTV/market rate carry possible. 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. 1432 S Stanley: $700,000. Huge 2450 sf 5 bed house w/ pool. Separately owned sf at 1436. Then 1440, 1442, 1444, 1446 A, B, C Stanley: 6 unit. $1,175,000. Close to a 7 CAP historical income performance.

Location

State AZ

County Maricopa

Community Stanley Plat

Zoning Multi

Direction On a dead end street. Rural to Spence to Stanley.

Interior

Heating Other, See Remarks, Window/Wall Unit(s)

Cooling Window/Wall Unit, Electric

Flooring Carpet, Ceramic Tile, Vinyl, Concrete

Appliance Built-In Range, Free-Standing Range, Refrigerator

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

Senior Community No

Tax ID 133-09-064

Acceptable Financing Other (See Remarks), Conventional, 1031 Exchange

Listing Terms Other (See Remarks), Conventional, 1031 Exchange

Listed by Better Homes & Gardens Real Estate SJ Fowler

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(541) 973-9945

dylan@smithphx.com

7316 E 6th Ave, Scottsdale, AZ, 85251

1424 S STANLEY Place Tempe, AZ 85281