$640,000
Tempe, AZ 85281
MLS# 6565539
2 beds | 1 baths

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Property Description
INVESTORS DEVELOPERS PRIME LOCATION in Tempe, R4 MULTI FAMILY ZONING. Qualified Opportunity Zone, Transit oriented development corridor, 5 unit density; Excellent opportunity for a rental property, future development or residence with large yard in Tempe. This is a highly valuable ASSET in any portfolio with a rentable/livable single-family home and endless possibilities for the R4 yard. The existing block house is a WW2 era gem with slab floors and brick walls. Built to last! The original home of 900 sq ft has been added on with two bonus rooms in the now-enclosed carport. The zoning is already in place, with the city in support of higher density housing possibilities for HIGHEST AND BEST USE. This is a well-loved home with lots of charm in walking distance to ASU.
Details
Contract Information
Status Change Date: 2023-06-06
List Price: $640,000
Status: Active
Current Price: $640,000
List Date: 2023-06-06
Type: ER
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Subagents: Y
Sub Agent $/%: %
Comp to Subagent: 3.25
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 3.25
Variable Commission: N
Location, Tax & Legal
Map Code/Grid: R37
House Number: 1224
Compass: E
Street Name: SPENCE
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5812
Country: USA
County Code: Maricopa
Assessor's Map #: 9
Assessor's Parcel #: 6
Assessor Number: 133-09-006
Legal Description (Abbrev): LOT 6 ATTEBERY TRACT MCR 005619
Subdivision: ATTEBERY TRACT
Tax Municipality: Tempe
Taxes: 736
Tax Year: 2022
General Property Description
Dwelling Type: Single Family - Detached
Dwelling Styles: Attached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 2
# Bathrooms: 1
Approx SQFT: 1300
Price/SqFt: 492.31
Horses: N
Builder Name: UNK
Year Built: 1953
Lead Based Hazard Disclosure: No
Approx Lot SqFt: 9148
Approx Lot Acres: 0.21
Flood Zone: No
Pool: None
Elementary School: Curry Elementary School
Jr. High School: Connolly Middle School
High School: McClintock High School
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Remarks & Misc
Cross Street: Rural Avenue, Apache Blvd.
Directions: Take Rural to Spence Avenue and turn East. It is one block East of Terrace.
Geo Lat: 33.413158
Geo Lon: -111.919279
Legal Info
Township: 1N
Range: 4E
Section: 23
Lot Number: 6
Association & Fees
HOA Y/N: N
PAD Fee Y/N: N
Land Lease Fee Y/N: N
Basement
Basement Y/N: N
Separate Den/Office
Sep Den/Office Y/N: N
Showing Notification Methods
Showing Service: ShowingTime
Property Features
Special Listing Cond: N/A
Master Bathroom: Other (See Remarks)
Master Bedroom: Downstairs
Fireplace: No Fireplace
Flooring: Laminate; Wood
Pool Features: No Pool
Spa: None
Dining Area: Other (See Remarks)
Kitchen Features: Range/Oven Gas; Refrigerator
Laundry: Washer Included
Parking Features: Attch'd Gar Cabinets
Construction: Block; Other (See Remarks)
Const - Finish: Stucco
Roofing: Comp Shingle
Cooling: Ceiling Fan(s)
Heating: Natural Gas
Utilities: City Electric
Water: City Water
Sewer: Sewer - Public
Fencing: Other
Landscaping: None
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Possession: Close of Escrow
Association Fee Incl: No Fees
Assoc Rules/Info: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional
Disclosures: Seller Discl Avail
Supplements
I limited the space to reduce liability and use two rooms for my storage. The backyard is almost completely flat and ready to be developed with anything the city will approve. There are many infill projects in the neighborhood. I'm not interested in selling this home as "just" a single-family home due to the zoning and potential. Im also in no real hurry to sell it as it is an easy moneymaker. I'm just tired of being a landlady from a different state and have lost the desire to build or to live near ASU in my elder years.
Room Information
Room Name | Level |
Living Room | First |
Kitchen | First |
Master Bedroom | First |
Listing Office: List With Freedom, Inc.
Last Updated: September - 23 - 2023

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