700 West University Drive, Unit 6

Tempe, AZ 85281

$780,000
Price
6
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great opportunity to own 6 one bedroom, one bath condos in beautiful, Well maintained Tempe community of Scene One. Pool and heated spa. Condos are 595SF, include refrigerator, dishwasher, stove, breakfast bar & stack washer/dryer hookup. Most have granite counters & upgraded flooring. New HVACs in 4 units, dual paned windows in 3 units. 1 covered & extra guest parking. Market rent $830. CAP rate 4.4%. HOA fees $175 per mth per unit, includes water, sewer, trash, common area, pool, parking lot, exterior...

Property Details for 700 West University Drive, Unit 6

Subdivision
SCENE 1 CONDOMINIUMS

Location

Listing Courtesy of 1st Southwest Realty, LLC

Building Information for 700 West University Drive, Unit 6

Stories-Residences-Year Built1983Building Size-Lot Size-

Payment Calculator

$15,726 per month

30 year fixed, 3.51% Interest

Principal and Interest

$2,806

Property Taxes

$321

HOA Dues

$12,600

Similar Homes

Property Information for 700 West University Drive, Unit 6

Summary
    Location and General Information
  • Cross Street: University and Mill
  • Census Tract: 318800
  • Directions: West on University to first entrance into Scene One Condo Community. (Just past TempeCamera. Hardy is too far). Go north and park in any uncovered space.
  • Map Code/Grid: R36
  • Roads/Streets: Asphalt
  • WWMAP Page: 0
  • Hundred Block: 800
  • Hndrd Block Directional: S
    School Information
  • Elementary School Dist #: 003 - Tempe School District
  • Elementary School: Scales Technology Academy
  • High School: Tempe Academy Of International Studies McKemy Campus
  • High School Dist #: 213 - Tempe Union High School District
  • Jr. High School: Gililland Middle School
    Owner
  • Owner Pays: See Remarks
  • Ownership: Fee Simple
    Parking
  • Covered Parking Spcs: 6
  • Parking: >1 Space Per Unit, Add'l Parking Avail, Assigned, Carport, Paved Parking
  • Total Parking Spaces: 12
  • Uncovered Parking Spaces: 6
    Taxes and HOA Information
  • Tax Municipality: Tempe
  • Tax Year: 2019
Property
    Lot Information
  • Lot Size Dimensions: IRR
  • Environmental: None
  • Zoning: SF
    Property and Assessments
  • Assessor Number: 124-34-126
  • Assessor's Book #: 124
  • Assessor's Map #: 34
  • Assessor's Parcel #: 126
  • Additional Parcels: Yes
  • Legal: Multiple Lot Numbers, SCENE 1 CONDOMINIUMS
  • Legal Description (Abbrev): LOT G205 SCENE 1 CONDOMINIUMS MCR 023112
  • Legal Info: Lot Number: G205
  • Legal Info: Range: 4E
  • Legal Info: Section: 16
  • Legal Info: Township: 1N
  • Project Type: 5 - 12 Units, Other (See Remarks)
  • Property Group ID: 19990816212116581394000000
  • Special: Incorporated Area
  • Tax District: 0
    Utilities
  • Electric: APS, Individual Meter
  • Gas: None
  • Sewer: Sewer - Public
  • Water: City Franchise
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: 0
  • Const - Finish: Painted, Stucco
  • Construction: Frame - Wood
  • Exterior Amenities: Cable TV Available, Green Landscaping, Landscape Wtr System, Patio/Balcony, Pet Restrictions, Security Light(s)
  • Roofing: Built-Up, Foam
    Interior Features
  • Floors: Carpet, Ceramic Tile, Vinyl/Composition, Wood
  • Cooling: Electric Refrigeratd, Individual
  • Heating: Ceiling Fan(s), Electric, Heat Pump, Individual
  • Interior Amenities: Breakfast Bar, Fire/Smoke Alarm(s), Mini Blinds, Unfurnished, Vertical Blinds
  • Appliances Included: Dishwasher, Disposal, F/S Oven/Range, Refrigerator, Washer/Dryer
Multi Family
    1 Bedroom Unit Information
  • # of Units: 6
  • # of Bathrooms: 1
  • Average Rent: $830.00
  • Average Sq. Ft: 595
    2 Bedroom Unit Information
  • # of Units: 0
  • # of Bathrooms: 0
  • Average Rent: $.00
  • Average Sq. Ft: 0
    3 Bedroom Unit Information
  • # of Units: 0
  • # of Bathrooms: 0
  • Average Rent: $.00
  • Average Sq. Ft: 0
    4 Bedroom Unit Information
  • # of Units: 0
  • # of Bathrooms: 0
  • Average Rent: $.00
  • Average Sq. Ft: 0
    Income & Expenses Information
  • Adjusted Gross Income: $.00
  • Annual Electric Expense: $.00
  • Annual Gas Expense: $.00
  • Annual Ins Expense: $.00
  • Annual Land Lease Expense: $.00
  • Annual Landscape Expenses: $.00
  • Annual Legal & Accounting: $.00
  • Annual Maintenence Expense: $.00
  • Annual Management Expense: $.00
  • Annual Other Expense: $.00
  • Annual Owner Association Fee: $12,600.00
  • Annual PAD Fee: $.00
  • Annual Replacement Reserves: $.00
  • Annual Trash Expense: $.00
  • Annual Water/Sewer Expense: $.00
  • Gross Annual Sch Income: $.00
  • Net Operating Income: $.00
  • Operating Expense: $16,446.00
  • Other Income: $.00
  • Owner Association: Yes
  • Vacancy Allowance: $.00
    Multi-Family Information
  • Community Amenities: Barbecue Area(s), Heated Spa(s), Pool(s)
  • Other Type: Packaged Offering
  • Source of Financial Data: Projected Proforma
  • Total # of Units: 6
Agent
    Payment and Rate Information
  • Down Payment: $.00
  • Assessment Bal Yrs: 0
  • Assessment Balance: $.00
  • Monthly Payments: $.00
  • Down Payment %: .00%
  • Equity: $780,000.00
  • Total Owed: $.00
Rental
    Rental Information
  • Tenant Pays: Cable TV, Electric

Property History for 700 University Dr, Unit 6

DateEvent & SourcePriceAppreciation
May 19, 2020

Listed (Active)

ARMLS #6080192

$780,000
DateEvent & SourcePrice
05/19/2020

Listed (Active)

ARMLS #6080192

$780,000

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

Property Details for 700 West University Drive, Unit 6

StatusActive
MLS #6080192
Year Built1983
Compass TypeMulti Family
MLS TypeMultiple Dwellings
Lot Size-
Taxes$3,846 / year
Condo/Co-op Fees-
HOA Fees$12,600
CountyMaricopa County

Listing Agent

Pat Hune

1st Southwest Realty, LLC

greathouseaz@gmail.com

P: 480.703.1976

M: 480.703.1976

Contact Agent(s)

Similar Sold Homes

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700 West University Drive, Unit 6 is a multi-family home for sale in Tempe, AZ 85281. This property was listed for sale on May 19, 2020 by 1st Southwest Realty, LLC at $780,000. 700 West University Drive, Unit 6 is a 6-bed, 6-bath, multi-family home built in 1983. This address can also be written as 700 University Dr, Unit 6.

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 1st Southwest Realty, LLC

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS