$3,500,000 2174 E Apache Boulevard, Unit 3 Tempe, AZ

MLS: 5778614   Type: Multi-Family   County: Maricopa   City: Tempe   Neighborhood: Lola Vista   Zip: 85281     Taxes: $31,886

Mortgage $16,432 /mo



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This is a portfolio sale of 3 parcels and 3 running hotel businesses. This includes 46 units 2 house and 2 offices. You can also tear down units and build up to 65 units of high density apartments. Land total is 92,040 sq feet. Hotels are located in front of light rail for easy access to Tempe Market Place and ASU students. 101 is about a block away for easy access. Seller's are willing to do a seller carry with a buyer that is willing start a new project and possibly a joint venture. Currently ran as self managed all 3 hotels bring in about $35,000.00 gross and ran 60-65% for expenses per month. Also can build 65 units high density for multi-family. Drive by only managers unware of sale

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Price History

6/11/2018 Listed $3,500,000

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
3 Bedrooms Units: Avg Sqft 0
4 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Sqft 0
Construction Block, Other (See Remarks)
Listing Status Active
Net Income 180000.00
New Financing Conventional, Seller May Carry, Other (See Remarks), 1031 Exchange
Owner Pays Water, Pool/Spa Maintenance, Landscaping, Cable TV, Trash, Gas, Electric, Sewer
Property Type F
Public Remarks
School District 000 - Out of Area
Subdivision LOLA VISTA
Tenant Pays None
Type ER
Unit Number 3
Year Built 1950
Zoning C-G

Interior Features

1 Bedroom Units: # 1 Bedroom Units 0
1 Bedroom Units: # Baths 0
1 Bedroom Units: Avg Sqft 0
2 Bedroom Units: # 2 Bedroom Units 2
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 1000
3 Bedrooms Units: # 3 Bedroom Units 0
3 Bedrooms Units: # Baths 0
4 Bedrooms Units: # 4 Bedroom Units 0
4 Bedrooms Units: # Baths 0
Appliances Included Other (See Remarks)
Cooling Window/Wall Unit
Electric Master Meter
Floors Other (See Remarks)
Gas Other (See Remarks)
Heating Gas, Window/Wall Unit(s)
Interior Features Furnished, Other (See Remarks), Partially Furnished
Total Number of Units 48.00

Exterior Features

Complex Features Pool(s), Barbecue Area(s), Other (See Remarks), Manager Res/Office
Const - Finish Painted
Covered Parking Spcs 0.00
Exterior Features Landscape Wtr System, Cable TV Available
Lot Size Dimensions 2.11 acres
Parking Paved Parking, >1 Space Per Unit
Roof Comp Shingle, Other (See Remarks)
Sewer Sewer - Public
Total Parking Spcs 50.00
Water Master Meter, City Franchise

Property Schools

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Gallery (41 photos)

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Property vs Zip Code Avg (85281)

Price 3.50M Avg 2.79M

Sqr Feet 2,000 Avg 1,461

Cost / Sqr Ft $1,750 Avg $1,914

Taxes $31,886 Avg $8,596

Visits 39 Avg 152

Days on Site 14 Avg 79

Walkscore® 45 Avg 56

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Listing Provided Courtesy Of: Russ Lyon Sotheby's International Realty

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Location & Address

eXp Realty Arizona
16165 N. 83rd Ave. #200
Peoria, AZ