$875,000
$895,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 04/09/2025
Key Details
Sold Price $875,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Westway Park
MLS Listing ID 6819034
Sold Date 04/09/25
Maintenance Fees $420
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1970
Annual Tax Amount $2,533
Tax Year 2023
Lot Dimensions 9250
Property Description
1217 W Southern Ave is a 4-unit multifamily community located in the West Tempe Submarket of Tempe, AZ. This asset is strategically positioned within close proximity to the ASU Tempe campus, and features 100% two-bedroom, 1 bathroom floorplans averaging approximately 750 sq. ft. The building underwent a significant renovation in 2017 and has a new roof along with on-site laundry and storage. Each unit features fully renovated interiors and a gated patio area, with a current average rent of $1,738/month. This is a unique opportunity to acquire a turn-key asset located in a highly desirable location.
Location
State AZ
County Maricopa
Community Westway Park
Zoning M-M
Interior
Heating Other, See Remarks, None
Cooling Electric
Flooring Ceramic Tile
Appliance Free-Standing Range, Dishwasher, Refrigerator, Microwave
Exterior
Parking Features Carport
Community Features No Pool
Roof Type Composition
Total Parking Spaces 8
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Tempe Union High School District
Others
Senior Community No
Tax ID 123-42-069
Acceptable Financing Conventional
Listing Terms Conventional
Financing FHA
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Bought with Wise Realty AZ