$5,400,000
1424 S Jentilly Lane
Tempe, AZ 85281
MLS# 6170361
40 beds  |  40 baths


Brix-Exterior-08
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Property DescriptionBrix is a 24-unit, garden-style condominium community located within three blocks of Arizona State University's Main Campus in Tempe. Brix was built in 1981 of wood frame construction with a painted stucco exterior and pitched roofs. Brix has an attractive mix of one and twobedroom unit types. Every condominium enjoys a private backyard or balcony and the convenience of an in-suite washer and dryer. Recent updates included modern interior finishes with new shaker cabinets, solid surface counters, tile backsplash, and stainless-steel appliances. Every condominium enjoys energy-efficient dual pane windows, sliding glass doors, and ceiling fans. Tenant amenities include controlled access, gated entry, on-site maintenance, a BBQ area with ramada, and a swimming pool.
Details
Contract Info
Current Price: $5,100,000
List Price: $5,400,000
Status: Closed
List Date: 2020-12-11
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: R37
House Number: 1424
Compass: S
Street Name: Jentilly
St Suffix: Lane
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Country: US
County Code: Maricopa
Assessor Number: 133-10-100
Tax Year: 2020
General Property Description
Lot Size Dimensions: unknown
Year Built: 1981
Uncvrd Parking Spcs: 48
Total # of Units: 24
# of Buildings: 2
Zoning: R4
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
1 Bedroom Units
# 1 Bedroom Units: 8
Avg Rent: 1050
Avg SqFt: 605
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 16
Avg Rent: 1495
Avg SqFt: 816
# Baths: 2
Structure
Bedrooms Total: 40
Bathrooms Total: 40
Income & Expenses
Gross Annual Sch Inc: 387,840
Net Operating Income: 298,099
Sold Info
Loan Type: Other
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Remarks Misc
Cross Street: Rural Road and Main Street
Geo Lat: 33.411263
Geo Lon: -111.923653
Status Change Info
Off Market Date: 2020-12-28
Under Contract Date: 2020-12-23
Close of Escrow Date: 2021-03-05
Sold Price: $5,100,000
Legal Info
Lot Number: unknown
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Stucco; Brick Veneer
Roofing: Composition
Floors: Vinyl; Other
Sale Includes: Land & Building
Community Features: Pool; Barbecue
Exterior Amenities: Landscape Water System; Green Landscaping; Fenced; Cable TV Available; Patio/Balcony
Appliances Included: Disposal; Microwave; Refrigerator; Free-Standing Range; Washer/Dryer
Heating: Electric
Cooling: Ceiling Fan(s); Other; See Remarks
Water Source: Individual Meter
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Sewer; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Email
Lockbox Type: None
New Financing: Other (See Remarks)
Environmental: None
IDX
Listing Office: ABI Multifamily

Last Updated: March - 09 - 2025

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