515-521 W Pebble Beach Drive

    Tempe, AZ 85282
    • $1,400,000
    • STATUS: Active
    • ON SITE: 14 days
    • MLS #: 6000712
    UPDATED: 72 min ago
    $1,400,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1972
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Amazing portfolio two triplexes side by side, 521 & 515 in the heart of Tempe! These properties have one 4 bedroom 2 bath home and also has a two car garage. 521 with a pool that has just been updated to pebble tech and new pool deck . The other two units are both two bedroom one bath each triplex with covered parking. A super rare bonus of this property tenants pay for water sewer and trash and electric! This property is an amazing residential neighborhood with a beautiful park at the end of the street. This property has been completely renovated! Brand new kitchens, floors, bathrooms, paint, plumbing, lighting, and new windows. There are two year leases in place for a tenant that is doing an Air B &B and is grossing 5,000 and $4988. These buildings are preforming at 7% cap

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    © 2019 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 The Kenny Klaus Team | Keller Williams Integrity First. Data last updated 2019-11-19T10:10:59.473.
    www.klausteam.com/homes/100551096

    515-521 W Pebble Beach Drive Tempe, AZ 85282

    • Price: $1,400,000
    • Status: Active
    • Updated: 72 min ago
    • MLS #: 6000712
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1972
    Built
    Neighborhood:
    Laguna Estates 2
    County:
    Maricopa
    Area:
    Tempe
    Elementary School:
    Carminati School
    Middle School:
    Gililland Middle School
    High School:
    Tempe High School
    School District:
    003 - Tempe School District
    Property Description
    Amazing portfolio two triplexes side by side, 521 & 515 in the heart of Tempe! These properties have one 4 bedroom 2 bath home and also has a two car garage. 521 with a pool that has just been updated to pebble tech and new pool deck . The other two units are both two bedroom one bath each triplex with covered parking. A super rare bonus of this property tenants pay for water sewer and trash and electric! This property is an amazing residential neighborhood with a beautiful park at the end of the street. This property has been completely renovated! Brand new kitchens, floors, bathrooms, paint, plumbing, lighting, and new windows. There are two year leases in place for a tenant that is doing an Air B &B and is grossing 5,000 and $4988. These buildings are preforming at 7% cap
    Exterior Features

    Construction Block Construction Finish Stucco Covered Parking Spaces 3.00 Lot Size Dimensions 9596 Parking GarageCarportStreet Parking>1 Space Per UnitAuto Door Opener Roads Private Street Roofing Built-Up Total Parking Spaces 3.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 775 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 1332 4 Bedroom Unit Baths 2 Appliances Included F/S Oven/RangeRefrigerator Cooling Electric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Concrete Heating Electric Interior Amenities Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1400.00 2 Bedroom Units 4 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 2200.00 4 Bedroom Units 2 Adjusted Gross Inc 116424.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 2600.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 700.00 Annual Legal And Acctg 0.00 Annual Maint Exp 6000.00 Annual Mgmt Exp 3500.00 Annual Other Expense 4456.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities Pool(S) Cross Street Southern & Mill Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Individual MeterSrp Gas None Gross Annual Sch Inc 118800.00 Hoa YN No Net Operating Income 99168.00 New Financing 1031 ExchangeOther (See Remarks)No Carry Operating Exp 19512.00 Other Income 0.00 Owner Pays LandscapingPool/Spa Maintenance Project Type Tri-Plex Sale Includes Land & BuildingPool Equipment Sewer Sewer - Public Source Of Financial Data Unknown Tax Municipality Tempe Taxes 2256.00 Tenant Pays WaterSewerElectricTrashCable Tv Totl Mnth Rntal Inc 9900.00 Vacancy Allowance 0.02 Water City FranchiseIndividual Meter Zoning 0

    Listing courtesy of Grace Cre.


    © 2019 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 The Kenny Klaus Team | Keller Williams Integrity First. Data last updated 2019-11-19T10:10:59.473.
     
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