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$6,800,000
1011 E Orange St, Tempe, AZ 85281
0 Beds
0 Baths
n/a sqft

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Park Terrace is a 40-unit, garden-style apartment community located within two blocks of Arizona State University's Tempe Campus where more than 50,000 ''in-person'' students are enrolled. Park Terrace is adjacent to the Valley Metro Light Rail and is on the ''Orbit'' shuttle route, which provides free rides connecting people to Downtown Tempe and other employment, retail, and entertainment venues within the city. Additionally, numerous dining and shopping options are in close proximity to the property including Tempe Marketplace, one of the most popular destinations in the Phoenix Metro, with 1.3 Million square feet housing over 100 local and national retailers and restaurants.
  • Price:
  • $6,800,000
  • Year Built:
  • 1963
  • Listing ID #:
  • 6143749
  • Street Address:
  • 1011 E Orange St
  • City:
  • Tempe
  • State:
  • Arizona
  • Postal Code:
  • 85281
  • County:
  • Maricopa
  • Subdivision:
  • Terrace Park 1
  • Listing Status:
  • Active
  • Construction Description:
  • Block
  • Flooring:
  • Vinyl/Composition
  • Number Of Units:
  • 40.00
  • Siding:
  • Painted
  • Type Of Roof:
  • Other (see Remarks)
  • Year Built:
  • 1963
  • Adjusted Gross Income:
  • 641649.95
  • Net Operating Income:
  • 497678.00
  • Operating Expense:
  • 26815.00
  • Conforms To Zoning:
  • R-4
  • Community Features:
  • No Pool
  • Included In Sale:
  • Land & Building
  • Terms:
  • Other (see Remarks)
  • Property Taxes:
  • $26,815
  • Tenant Pays:
  • Electric, Other (see Remarks)
  • Covered Parking Spaces:
  • 43.00
  • Parking Description:
  • Other (see Remarks)
  • Parking Spaces:
  • 45.00
  • Cooling System:
  • Chiller System
  • Electricity:
  • Individual Meter
  • Existing Water:
  • City Franchise
  • Heating:
  • Electric
  • Sewage Type:
  • Sewer - Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listings Provided by Abi Multifamily
  • ARMLS

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