$680,000
Tempe, AZ 85281
MLS# 6662977
Status: Closed
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Property Description
Instant cashflow with this conveniently located triplex! The 2 front units are 1 Bed/1 Baths that are currently leased. The back unit is a vacant 2 Bed / 2 Bath that is perfect for an owner occupant or lease it out for additional income.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $680,000
Sold Price: $680,000
Status: Closed
List Date: 2024-02-12
Location, Tax & Legal
Assessor's Map #: 67
Legal Description (Abbrev): RANCHO EL DORADO LOT 53 W 70.24' OF N 167'
Assessor's Parcel #: 49
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319201
Taxes: 1793
Legal: RANCHO EL DORADO LOT 53 W 70.24' OF N 167'
Marketing Name: Tempe Triplex
House Number: 1973
Compass: E
Street Name: DON CARLOS
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 8516
County Code: Maricopa
Subdivision: RANCHO EL DORADO 1-26, 36-44
Assessor Number: 132-67-049
Tax Year: 2023
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 3
Lot Size Dimensions: 11730
Flood Zone: No
Total # of Units: 3
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Flora Thew Elementary School
Jr. High School: Connolly Middle School
High School: McClintock High School
Year Built: 1945
Zoning: Multifamily
Legal Info
Range: 4E
Section: 24
Township: 1N
Lot Number: 53
Project Type
Tri-Plex: 1
Construction
Brick: 1
Const - Finish
Brick Veneer: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Wtr/Swr Exp: 1800
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3593
Other Income: 0
Vacancy Allowance: 0.06
Adjusted Gross Inc: 57528
Pmt & Rate Info
Cap Rate: 7.66
Equity: 729500
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Combo: 1
Community Features
No Pool: 1
Heating
Electric: 1
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Exterior Amenities
Green Landscaping: 1
Fenced: 1
Partially Fenced: 1
Cable TV Available: 1
Separate Storage: 1
Interior Features
Fire/Smoke Alarm(s): 1
Tenant Pays
Electricity: 1
Appliances Included
Disposal: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
<1 Space Per Unit: 1
>1 Space Per Unit: 1
Paved: 1
Add'l Parking Avail: 1
Assigned: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1300
Avg SqFt: 500
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 3800
Avg SqFt: 1100
# Baths: 3
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
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: University Dr and McClintock Dr
Geo Lat: 33.417245
Geo Lon: -111.900927
Status Change Info
Off Market Date: 2024-04-19
Under Contract Date: 2024-03-13
Close of Escrow Date: 2024-05-03
Sold Price: $680,000
Income Expenses
Gross Annual Sch Inc: 61200
Net Operating Income: 55860
Property Features
Project Type: Tri-Plex
Construction: Brick
Const - Finish: Brick Veneer
Roofing: Composition
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Green Landscaping; Fenced; Partially Fenced; Cable TV Available; Separate Storage
Interior Features: Fire/Smoke Alarm(s)
Appliances Included: Built-In Range; Refrigerator; Disposal; Washer/Dryer
Heating: Central
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: Master Meter
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: On Street; <1 Space Per Unit; >1 Space Per Unit; Add'l Parking Avail; Assigned; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Special: Owner/Agent
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Combo
Existing 1st Loan: Treat as Free&Clear
New Financing: VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: Balboa Realty, LLC
Last Updated: August - 07 - 2025
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