1219 S Farmer Ave - Multi-Family FOR SALE


Tempe, AZ 85281- Downtown Tempe
$1,420,000 USD
480-459-7341
1219 S Farmer Ave, Tempe, AZ for Sale
$1,420,000 USD
Multi-Family - FOR SALE
1/13
null | Request Cap Rate

1219 S Farmer Ave
Tempe, AZ 85281
Downtown Tempe


HIGHLIGHTS

  • Excellent Proximity to ASU
  • Close to Mill Ave. & Tempe Town Lake
  • Between Loop 202 & US 60 Freeways

OVERVIEW

This 7-unit, garden-style apartment property sits in an incredible location, approximately half a mile from ASU's main campus. Additionally, this property boasts proximity to Tempe Town Lake offices, Mill Avenue, the 202 freeway, and Sky Harbor Airport. Location isn't the only desirable characteristic of the Apartments on Farmer, as 5 of 7 units have been thoroughly remodeled in the past 5 years (the other two units are occupied by long-term tenants). Along with interior updates, the property's comprehensive renovation included significant roofing, plumbing, and electrical work, with 4 of 7 units now boasting their own laundry facilities. Six storage rooms also on site. Don't miss out on this incredible location!

FOR SALE DETAILS

PRICE

$1,420,000 USD

PRICE/SF

$415 USD /SF

# OF UNITS

7

PRICE/UNIT

$202,857

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Apartments on Farmer

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,727 SF

ZONING

R-3

APN/PARCEL ID

124-70-019

ASK ABOUT THIS PROPERTY

Jesse LoweryLowery PremierMore Info
480-459-7341

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Jesse LoweryLowery PremierMore Info
480-459-7341

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.