2205 S Mill Avenue, Tempe, AZ 85282
- $1,250,000
- Sold Price
- $1,250,000
- List Price
- $1,300,000
- Closing Date
- Sep 30, 2025
- Days on Market
- 20
- Status
- CLOSED
- MLS#
- 6910328
- City
- Tempe
- Subdivision
- Tempe Estates
- Year Built
- 1959
Property Description
2205-2211 S Mill Ave consists of an 8-unit apartment community and a 2,203 square foot building located in Tempe, AZ. The properties were originally constructed in 1959 (apartments) and 1974 (office) and sit on two separate lots measuring 10,064 each (20,128 sq. ft. total). They were previously master leased by a local non-profit organization at $17k/month on a NNN structure but are now currently vacant. Since the properties are separately parceled, they can be sold together as a portfolio or separately. 2205-2211 S Mill Ave presents an intriguing value-add opportunity, where new ownership can acquire either one or two well-located assets with significant upside through a similar master lease program or market rate tenants.
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Additional Information
- School District
- Tempe Union High School District
- Community Features
- No Pool
- Construction
- Painted, Block
- Cooling
- Ceiling Fan(s), Electric, Heat Pump
- Electric
- SRP
- Flooring
- Other, Carpet, Vinyl
- Heating
- Heat Pump, Electric
- New Financing
- Conventional
- Parking Features
- Carport
- Roofing
- Built-Up
- Sewer
- Public Sewer
- Subdivision
- Tempe Estates
- Taxes
- $5,059
- Tax Year
- 2024
- Units
- 8
- Water
- City Franchise
- Zoning
- M-H
Courtesy of Matthews Real Estate Investment Services. 310-388-0788 Selling Office: Matthews Real Estate Investment Services.
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