1211 West University Drive

Tempe, AZ 85281

$1,149,727
Price
11
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Property Details for 1211 West University Drive

StatusActive
MLS #6002855
Year Built1971
DOM7
Compass TypeMulti Family
MLS TypeMultiple Dwellings
Lot Size-
Taxes$2,959.4 / year
Condo/Co-op Fees-
HOA Fees-
CountyMaricopa County

Listing Agent

Michael E Vallee

Rattler Realty, LLC

michaelevallee@gmail.com

P: 480.848.5780

M: 480.848.5780

Contact Agent(s)

Property Details for 1211 West University Drive

Subdivision
WESTGATE SUB

Description

Solid Cash Flow Tempe Apartment Building Generating $63,235 NOI - Ready for new owner. (Great 1031 Placement Option) Located within a mile of ASU, Mill Ave and Tempe Town Area. 4,405 sq ft of living space across 5 units. Wholefoods just opened and area is bustling with new retail and development. Property has consistently performed well and had major renovation in 2017. There is still room for ''value-add'' here to further increase rents to market - to increase cash flow and market value in this... high growth area of Tempe. First floor has a large 3bd/2bth apartment and a 2br/1bth apartment (cost per unit is not a viable measurement here). Second floor, surrounding the sundeck are three 2bd/1bth apartments that are fully remodeled and work well for the property.

Location

Listing Courtesy of Rattler Realty, LLC

Building Information for 1211 West University Drive

Stories-Residences-Year Built1971Building Size-Lot Size-

Payment Calculator

$4,382 per month

30 year fixed, 3.51% Interest

Principal and Interest

$4,135

Property Taxes

$247

HOA Dues

$0

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Property Information for 1211 West University Drive

Summary
    Location and General Information
  • Cross Street: University Dr. & Beck
  • Census Tract: 318900
  • Map Code/Grid: R36
  • Roads/Streets: Alley, Dedicated Street, Sidewalk(s)
    School Information
  • Elementary School Dist #: 003 - Tempe School District
  • High School Dist #: 003 - Tempe School District
    Owner
  • Owner Pays: Water, Sewer, Trash, Landscaping
  • Ownership: Fee Simple
    Parking
  • Covered Parking Spcs: 6
  • Parking: Garage, Other (See Remarks), Carport, >1 Space Per Unit, Add'l Parking Avail
  • Total Parking Spaces: 14
  • Uncovered Parking Spaces: 8
    Taxes and HOA Information
  • Tax Municipality: Tempe
  • Tax Year: 2019
Property
    Lot Information
  • Lot Size Dimensions: 74 x 104
  • Environmental: None
  • Zoning: R-3
    Property and Assessments
  • Assessor Number: 124-74-006-C
  • Assessor's Book #: 124
  • Assessor's Map #: 74
  • Assessor's Parcel #: 6
  • Assessor Parcel Ltr: C
  • Additional Parcels: No
  • Legal: LOT 6 WESTGATE SUB MCR 007925
  • Legal Description (Abbrev): LOT 6 WESTGATE SUB MCR 007925
  • Legal Info: Lot Number: 6
  • Legal Info: Range: 4E
  • Legal Info: Section: 21
  • Legal Info: Township: 1N
  • Project Type: 5 - 12 Units
  • Property Group ID: 19990816212116581394000000
  • Special: Owner/Agent
  • Tax District: Tempe
    Utilities
  • Electric: Individual Meter, SRP
  • Gas: None
  • Sewer: Sewer - Public
  • Water: City Franchise, Individual Meter
Interior and Exterior Features
    Room Information
  • Efficiency Units: # of Efficiency Units: 0
  • Efficiency Units: Average SqFt: 0.0
  • Efficiency Units: # Baths: 0
  • Efficiency Units: Avg Rent: $.00
    Exterior Features
  • # of Buildings: 1
  • Const - Finish: Painted, Stucco
  • Construction: Frame - Wood, Slump Block
  • Exterior Amenities: Desert Landscaping, Fenced, Cable TV Available, Patio/Balcony, Separate Storage, Security Light(s)
  • Roofing: Comp Shingle
    Interior Features
  • Floors: Vinyl/Composition
  • Cooling: Electric Refrigeratd, Window/Wall Unit, Heat Pump
  • Heating: Electric, Heat Pump, Individual, Ceiling Fan(s)
  • Interior Amenities: Unfurnished, Drapes, Vertical Blinds, Fire/Smoke Alarm(s), Mini Blinds
  • Appliances Included: F/S Oven/Range, Refrigerator, Dishwasher, Microwave, Washer/Dryer
Multi Family
    1 Bedroom Unit Information
  • # of Units: 0
  • # of Bathrooms: 0
  • Average Rent: $.00
  • Average Sq. Ft: 0
    2 Bedroom Unit Information
  • # of Units: 4
  • # of Bathrooms: 1
  • Average Rent: $1,092.00
  • Average Sq. Ft: 735
    3 Bedroom Unit Information
  • # of Units: 1
  • # of Bathrooms: 2
  • Average Rent: $1,775.00
  • Average Sq. Ft: 1500
    4 Bedroom Unit Information
  • # of Units: 0
  • # of Bathrooms: 0
  • Average Rent: $.00
  • Average Sq. Ft: 0
    Multi-Family Information
  • Community Amenities: No Pool
  • Source of Financial Data: Provided by Owner
  • Total # of Units: 5
    Income & Expenses Information
  • Adjusted Gross Income: $72,993.69
  • Annual Electric Expense: $.00
  • Annual Gas Expense: $.00
  • Annual Ins Expense: $1,527.00
  • Annual Land Lease Expense: $.00
  • Annual Landscape Expenses: $600.00
  • Annual Legal & Accounting: $.00
  • Annual Maintenence Expense: $1,075.00
  • Annual Management Expense: $600.00
  • Annual Other Expense: $.00
  • Annual Owner Association Fee: $.00
  • Annual PAD Fee: $.00
  • Annual Replacement Reserves: $.00
  • Annual Trash Expense: $.00
  • Annual Water/Sewer Expense: $1,680.00
  • Gross Annual Sch Income: $73,731.00
  • Net Operating Income: $63,235.00
  • Operating Expense: $8,441.40
  • Other Income: $.00
  • Owner Association: No
  • Total Month Rental Income: $6,144.29
  • Vacancy Allowance: $.01
Agent
    Payment and Rate Information
  • Down Payment: $.00
  • Assessment Bal Yrs: 0
  • Assessment Balance: $.00
  • Cap Rate: 5.50%
  • Monthly Payments: $.00
  • Down Payment %: .00%
  • Equity: $1,149,727.00
  • Total Owed: $.00
Rental
    Rental Information
  • Tenant Pays: Water, Sewer, Electric, Trash

Property History for 1211 West University Drive

DateEvent & SourcePriceAppreciation
Nov 8, 2019Listed (Active)

ARMLS #6002855

$1,149,727
Aug 1, 2017Sold (Public Records)

Public Record #602132503

$635,000

+4.4% / yr

Aug 1, 2017Sold

ARMLS #5560613

$635,000
DateEvent & SourcePrice
11/08/2019
Listed (Active)

ARMLS #6002855

$1,149,727
08/01/2017
Sold (Public Records)

Public Record #602132503

$635,000

+4.4% / yr

08/01/2017
Sold

ARMLS #5560613

$635,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1211 West University Drive

Taxable ValueLand$8,390Additions$33,560Total$41,950
Tax Record2018$2,882
Home Facts
Finished Sq.Ft.4,404 SqFtStories2Lot Size7,476 SqFtStyleMulti-Family Res (5+ Units)Year Built1971Year Renovated1971ZoningR-3CountyMARICOPA

Schools near 1211 West University Drive

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Gililland Middle SchoolPublic6-80.3 mi
4
Holdeman Elementary SchoolPublicPK-50.8 mi
2
Tempe High SchoolPublic9-121.3 mi
4
Tempe Academy of International StudiesPublic6-81.7 mi
8

Gililland Middle School

6-8, 0.3 mi, Public

4

Holdeman Elementary School

PK-5, 0.8 mi, Public

2

Tempe High School

9-12, 1.3 mi, Public

4

Tempe Academy of International Studies

6-8, 1.7 mi, Public

8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1211 West University Drive is a multi-family home for sale in Tempe, AZ 85281. This property was listed for sale on November 8, 2019 by Rattler Realty, LLC at $1,149,727. It has been on the market for a total of 7 days and was last sold on August 1, 2017. Nearby schools include Getz School, Gililland Middle School and Holdeman Elementary School. 1211 West University Drive is a 11-bed, 6-bath, multi-family home built in 1971.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Rattler Realty, LLC
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS