Tempe 8 Fourplex Portfolio | Vestis Group | Phoenix Multifamily Sale

Tempe 8 Fourplex Portfolio, 8-Units | Tempe Multifamily For Sale

Tempe 8 Fourplex Portfolio, 8-Units | Tempe Multifamily For Sale

Multifamily For Sale in Phoenix Arizona – 8-Units (Apartments)

 

Tempe 8 Fourplex Portfolio, 8-units (Multifamily)

1337 & 1343 W 3rd Street, Tempe, AZ 85281

$510,000

5,500 SF Bldg

8 Units

Garden/Low-Rise

SOLD: COE 10/3/2014

 

AREA DESCRIPTION

Tempe 8 is located at 1337 & 1343 West 3rd Street in Tempe, Arizona. The property is situated in a rapidly expanding Tempe student housing neighborhood with high barriers to entry. The property is located at the corner of 3rd Street and Priest Drive. Tempe 8 is within walking distance to Arizona State University, Mill Avenue, Tempe Town Lake, Orbit Shuttle and the Valley Metro Light Rail. The property is situated in a residential neighborhood within close proximity to the Loop 202 Freeway, allowing easy access to Sky Harbor International Airport, Downtown Phoenix, Scottsdale, Mesa, the valley freeway system and numerous employers.

 

PROPERTY DESCRIPTION

Tempe 8 is an 8-unit fourplex style apartment community located in the desirable Sunset neighborhood in North Tempe. Built in 1981, the property is made of block construction with pitched roofs and is individually metered for electricity. The unit mix is comprised of 4 one-bedroom / one-bath units of approximately 600 square feet, 4 two-bedroom / one-bath units of approximately 775 square feet. The property is situated on approximately 0.42 acres and is zoned R-3 by the City of Tempe. Community Amenities include covered parking, on-site laundry facilities, mid-century modern architecture and mature landscaping.

Tempe 8 offers an investor the rare opportunity to acquire an attractive garden-style apartment community located in a sought-after north Tempe submarket with true value-add/reposition potential. In the third quarter of 2012, the submarket rents averaged $1.09 PSF as compared to $0.83 PSF at the subject property, and has experienced consistent increases in occupancy levels above those of the metropolitan Phoenix area. The north Tempe submarket rents were the highest in metro Phoenix and been consistently increasing over the last 4 quarters. Substantially below market rents, the majority of the units can be turned to market rates by the end of the third quarter, coupled with improving market fundamentals and a growing ASU student populations provides a seasoned investor with the opportunity to increase revenues by repositioning the property.

DRIVE BY ONLY. PLEASE DO NOT DISTURB THE TENANTS OR ONSITE STAFF. PLEASE CONTACT LISTING BROKER FOR ADDITIONAL INFORMATION. THANK YOU.

DISCLOSURE: Vestis Group discloses that one of its agents is personably related to one or members of the selling entity.

 

PHOTOS

 Tempe Multifamily For Sale Tempe Multifamily For Sale Tempe Multifamily For Sale Tempe Multifamily For Sale Tempe Multifamily For Sale Tempe Multifamily For Sale Tempe Multifamily For Sale Tempe Multifamily For Sale Tempe Multifamily For Sale Tempe Multifamily For Sale Tempe Multifamily For Sale Tempe Multifamily For Sale Tempe Multifamily For Sale Tempe Multifamily For Sale

 

NEIGHBORHOOD ATTRACTIONS

Restaurants/Bars:

Coffee Shops:

Shopping/Retail:

Grocery Stores:

Attractions:

 

ADVISORS

Victoria Miachika | 602-281-6202 x4

Natan Jacobs | 602-281-6202 x1

Les Litwin | 602-281-6202 x2

 

REQUEST ADDITIONAL INFORMATION

 

 

49 replies
  1. tinyurl.com says:

    Oh my goodness! Impressive article dude! Thank you, However I am having troubles with your RSS.
    I don’t know the reason why I cannot subscribe to it.

    Is there anyone else getting identical RSS problems? Anyone that knows
    the answer can you kindly respond? Thanx!!

  2. that dating sites says:

    You made some decent points there. I looked
    on the internet for additional information about the issue and found most people will go along with your views on this site.

  3. dating sites is says:

    Hi! I know this is kind of off topic but I was wondering if you knew where I could locate a captcha plugin for my comment form?
    I’m using the same blog platform as yours and I’m having problems finding one?

    Thanks a lot!

  4. a dating sites says:

    What i do not realize is in fact how you’re not really a lot
    more well-liked than you may be now. You’re so intelligent.
    You already know therefore significantly in terms of this topic, produced
    me in my opinion consider it from numerous numerous angles.
    Its like women and men are not fascinated except it’s something to
    accomplish with Girl gaga! Your personal stuffs great.
    All the time handle it up!

  5. free dating sites there says:

    Thanks a lot for sharing this with all of us you really realize what you are talking about!

    Bookmarked. Kindly also seek advice from my site =). We could have a link
    trade contract between us

  6. asmr their says:

    Somebody necessarily assist to make critically posts I’d state.
    This is the first time I frequented your
    web page and so far? I surprised with the analysis you
    made to create this particular publish amazing. Magnificent process!

  7. https://785days.tumblr.com/ says:

    dating sites
    Hello there, I found your site via Google while searching for a similar subject,
    your web site got here up, it appears good. I’ve bookmarked
    it in my google bookmarks.
    Hello there, simply changed into aware of your weblog thru Google,
    and located that it’s truly informative. I’m gonna watch out for brussels.
    I’ll be grateful in the event you proceed this in future.
    Lots of folks will likely be benefited from your writing.
    Cheers! https://785days.tumblr.com/ dating sites

  8. j.mp says:

    scoliosis
    I am not sure where you are getting your information, but great topic.
    I needs to spend some time learning more or understanding more.
    Thanks for great information I was looking for this information for
    my mission. scoliosis

  9. asmr a says:

    If some one wishes to be updated with hottest technologies
    afterward he must be go to see this web site and be up to date every day.

  10. asmr my says:

    Hi Dear, are you truly visiting this web page daily, if so afterward you will without doubt obtain pleasant knowledge.

  11. tinyurl.com says:

    Heya i’m for the first time here. I found this board and I find It
    really useful & it helped me out a lot. I hope to give something back and aid others like you
    aided me.

  12. asmr are says:

    I like the valuable information you provide in your
    articles. I will bookmark your blog and check
    again here regularly. I’m quite sure I’ll learn many new stuff right here!
    Best of luck for the next!

  13. are gamefly says:

    you’re truly a excellent webmaster. The website loading pace is amazing.
    It kind of feels that you are doing any distinctive
    trick. In addition, The contents are masterpiece.
    you’ve done a magnificent process in this topic!

  14. our asmr says:

    What’s Happening i’m new to this, I stumbled upon this
    I have discovered It absolutely useful and it has helped me out loads.

    I am hoping to contribute & aid different users like its helped
    me. Good job.

  15. asmr for says:

    We’re a group of volunteers and opening a new scheme in our community.
    Your web site offered us with valuable information to work on. You have done an impressive job and our entire community will
    be thankful to you.

  16. Andres Penticoff says:

    Have you ever heard of second life (sl for short). It is essentially a game where you can do anything you want. sl is literally my second life (pun intended lol). If you would like to see more you can see these second life articles and blogs

  17. Kam Larsen says:

    Have you ever heard of second life (sl for short). It is basically a video game where you can do anything you want. Second life is literally my second life (pun intended lol). If you would like to see more you can see these second life websites and blogs

  18. Oralia Munda says:

    Have you ever heard of second life (sl for short). It is essentially a video game where you can do anything you want. SL is literally my second life (pun intended lol). If you would like to see more you can see these second life articles and blogs

  19. Lucius Courtenay says:

    Have you ever heard of second life (sl for short). It is essentially a game where you can do anything you want. sl is literally my second life (pun intended lol). If you would like to see more you can see these sl websites and blogs

  20. 0mniartist says:

    Fine way of explaining, and good article to
    get facts regarding my presentation subject matter,
    which i am going to convey in school. 0mniartist asmr

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.