1320-1312 W 5th Street, Tempe, AZ 85281
- $1,025,000
- Sold Price
- $1,025,000
- List Price
- $1,095,000
- Closing Date
- May 15, 2025
- Days on Market
- 65
- Status
- CLOSED
- MLS#
- 6830355
- City
- Tempe
- Subdivision
- Jo-Ellen Homes
- Year Built
- 1961
Property Description
Sold! Per MLS, this represents the highest sold price for a cash/conventional deal EVER (4 units). Prime location just blocks from Hayden-Ferry Landing, Mill/ASU, and a few minutes to Old Town Scottsdale. In an OZ. All 2 bedroom unit mix (822sf/unit). Stabilized at a 6 CAP. Long-term, local owners have pride of ownership. Many recent renovations to some units including plumbing, kitchens/baths, windows, roof, etc. Classic features to value-add further. Excellent rents in place with mostly flexible month-to-month leases. The complex offers more amenities than the competition, including carport parking, fenced front yards with private back patios, individual laundry/storage rooms, gorgeous desert landscaping, and a pretty central courtyard. More like homes than apartments.
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Additional Information
- School District
- Tempe Union High School District
- Community Features
- Other, See Remarks, No Pool
- Construction
- Painted, Block
- Cooling
- Electric, Heat Pump
- Electric
- SRP
- Flooring
- Other, Ceramic Tile
- Heating
- Heat Pump, Electric
- New Financing
- Conventional
- Parking Features
- RV Access/Parking, Free, Add'l Parking Avail, 1 Space/Unit, Carport
- Roofing
- Composition
- Sewer
- Public Sewer
- Subdivision
- Jo-Ellen Homes
- Taxes
- $1,408
- Tax Year
- 2024
- Units
- 4
- Water
- City Franchise
- Zoning
- R-2
Courtesy of Better Homes & Gardens Real Estate SJ Fowler. 480-649-3536 Selling Office: West USA Realty.
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