$3,224,000
1214 W 5TH StreetTempe, AZ 85281
MLS# 5864137
21 beds | 21 baths
1 / 73
Property DescriptionCommunity of 7 highly-upgraded, individually-metered townhomes located in an OPPORTUNITY ZONE! Units can be rented for an avg of $3000/mo or sold individually. These luxurious, detailed and well planned 3 bed, 3 bath urban townhomes have all the lavish finishes you would expect in a custom home- including attached 2 car side-by-side garage, and open floor plans with dual-master bedrooms! The homes are solidly crafted with insulated interior walls, soaring ceilings, and solid core doors. Upgraded finishes in each unit total over $100k and smart kitchen appliances are all included. In demand, convenient, urban location only 1 mile from ASU and close to the 202, tempe town lake business parks, and PHX airport. List price is already below replacement cost and current construction cost
Details
Contract Info
Current Price: $3,073,500
List Price: $3,224,000
Status: Closed
List Date: 2019-01-06
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: R36
House Number: 1214
Compass: W
Street Name: 5TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 6066
Country: US
County Code: Maricopa
Subdivision: 5TH STREET TOWNHOUSES
Assessor Number: 124-28-185
Tax Year: 2019
General Property Description
Lot Size Dimensions: 19721
Year Built: 2018
Uncvrd Parking Spcs: 9
Total # of Units: 7
# of Buildings: 3
Zoning: [R1-PAD]
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Scales Technology Academy
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Legal Info
Township: 1N
Range: 4E
Section: 16
Lot Number: 1-7
3 Bedrooms Units
# 3 Bedroom Units: 7
Avg Rent: 3000
Avg SqFt: 1800
# Baths: 3
Structure
Bedrooms Total: 21
Bathrooms Total: 21
Income & Expenses
Net Operating Income: 212,681
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Remarks Misc
Cross Street: Rio Salado Pkwy & Priest Dr
Directions: South on Priest from Highway 202. East on 5th street to the community (north side of the street.)
Geo Lat: 33.425697
Geo Lon: -111.957501
Status Change Info
Off Market Date: 2019-02-08
Under Contract Date: 2019-02-08
Close of Escrow Date: 2019-03-01
Sold Price: $3,073,500
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco; Brick Veneer; Siding
Roofing: Foam; Metal; Other
Floors: Wood; Ceramic Tile; Carpet; Other
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Landscape Water System; Green Landscaping; Cable TV Available; Patio/Balcony; Security Light(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Dishwasher; Disposal; Microwave; Refrigerator; Built-In Range; Free-Standing Range; W/D Hookup; Other
Heating: Electric
Cooling: Electric; Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP; Underground
Gas: None
Parking Features: Garage; >1 Space Per Unit; Attached; Paved; Garage Door Opener; Add'l Parking Avail
Road Surface Type: Asphalt
Owner Pays: Landscaping
Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV
Source of Fincl Data: Owner; Projected Proforma
Special: Owner/Agent; Accept Backups (CLO)
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Other (See Remarks)
Environmental: Phase I Available
Listing Office: HomeSmart
Last Updated: January - 21 - 2025
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