1917 E Broadway Road

    Tempe, AZ 85282
    • $5,275,000
    • STATUS: Active
    • ON SITE: 126 days
    • MLS #: 6029583
    UPDATED: 11 min ago
    $5,275,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1963
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Situated along the frontage of Broadway Road in the heart of Tempe and thesoutheast valley of Metro Phoenix, The Harlow presents a rare opportunity toacquire a low-density 27-unit, completely renovated, luxury one- and two-storyapartment community that provides today's renters with a truly unique rentalexperience. Built in 1963 using block construction, The Harlow consists of20,550 square feet of rental space with an 761 square foot per unit average.The property is individually metered for utilities with (19) two-bedroomtownhouse style units, (2) two-bedroom/two-bathroom units and (6)one-bedroom/one-bathroom units.Each townhouse apartment has an open concept floor plan with expansive nine-foot ceilings, quartz countertops, stainless steel appliances, custom cabinetry, full-size side-by-side washers and dryers, wood plank flooring throughout, designer paint, and many other luxury home touches.The extensive property renovations include all new roofs, dual-pane doors and windows. Other amenities include: ample parking, secure community with code entry gates, enclosed dog park and swimming pools.The property also enjoys an onsite management office allowing for convenient coordination with current and prospective tenants.

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    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Klaus Team Real Estate Solutions | Keller Williams Integrity First. Data last updated 2020-06-03T18:11:29.797.
    www.klausteam.com/homes/102655010

    1917 E Broadway Road Tempe, AZ 85282

    • Price: $5,275,000
    • Status: Active
    • Updated: 11 min ago
    • MLS #: 6029583
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1963
    Built
    County:
    Maricopa
    Area:
    Tempe
    School District:
    003 - Tempe School District
    Property Description
    Situated along the frontage of Broadway Road in the heart of Tempe and thesoutheast valley of Metro Phoenix, The Harlow presents a rare opportunity toacquire a low-density 27-unit, completely renovated, luxury one- and two-storyapartment community that provides today's renters with a truly unique rentalexperience. Built in 1963 using block construction, The Harlow consists of20,550 square feet of rental space with an 761 square foot per unit average.The property is individually metered for utilities with (19) two-bedroomtownhouse style units, (2) two-bedroom/two-bathroom units and (6)one-bedroom/one-bathroom units.Each townhouse apartment has an open concept floor plan with expansive nine-foot ceilings, quartz countertops, stainless steel appliances, custom cabinetry, full-size side-by-side washers and dryers, wood plank flooring throughout, designer paint, and many other luxury home touches.The extensive property renovations include all new roofs, dual-pane doors and windows. Other amenities include: ample parking, secure community with code entry gates, enclosed dog park and swimming pools.The property also enjoys an onsite management office allowing for convenient coordination with current and prospective tenants.
    Exterior Features

    Construction BlockFrame - Wood Construction Finish PaintedStucco Covered Parking Spaces 1.00 Lot Size Dimensions Unknown Parking >1 Space Per UnitGarage Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 500 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 850 2 Bedroom Units Baths 15 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included CompactorDishwasherDisposalF/S Oven/RangeMicrowaveRefrigeratorWasher/Dryer Cooling Electric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Vinyl/Composition Heating Electric

    Property Features

    1 Bedroom Unit Avg Rent 950.00 1 Bedroom Units 6 2 Bedroom Unit Avg Rent 850.00 2 Bedroom Units 21 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 420925.05 Annual Elec Exp 2400.00 Annual Gas Exp 0.00 Annual Ins Exp 3564.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 4000.00 Annual Legal And Acctg 5400.00 Annual Maint Exp 6750.00 Annual Mgmt Exp 24475.00 Annual Other Expense 1212.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 6750.00 Annual Trash Exp 2400.00 Annual Wtr Swr Exp 11981.00 Community Amenities Manager Res/OfficePool(S) Cross Street Broadway And Mcclintock Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas None Gross Annual Sch Inc 399540.00 Hoa YN No Net Operating Income 323972.00 New Financing Conventional Operating Exp 83944.00 Other Income 43539.00 Owner Pays OtherSewerTrash CollectionWater Project Type 25 - 50 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Tempe Taxes 15012.00 Tenant Pays Electric Vacancy Allowance 0.05 Water City Franchise Zoning Mf

    Listing courtesy of Abi Multifamily.


    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Klaus Team Real Estate Solutions | Keller Williams Integrity First. Data last updated 2020-06-03T18:11:29.797.
     
    Klaus Team Real Estate Solutions | Keller Williams Integrity First
    2919 S. Ellsworth Rd., #133
    Mesa AZ, 85212