DESCRIPTION

This is a portfolio sale of 3 parcels and 3 running hotel businesses. This includes 47 units 3 house and 2 offices. All studios except for 2 rooms. This can be mostly apartments. You can also tear down units and build up to 65 units of high density apartments. Land total is 92,040 sq feet. Hotels are located in front of light rail for easy access to Tempe Market Place and ASU students. 101 is about a block away for easy access. Currently ran as self managed all 3 hotels bring in about $35,000.00 gross and ran 60-65% for expenses per month. Also can build 65 units high density for multi-family. Drive by only managers unware of sale

KEY DETAILS
  • Price:
  • $3,950,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • n/a
  • Acreage:
  • n/a
  • Year Built:
  • 1950
  • MLS #:
  • 5778614
  • Street Address:
  • 2174 E Apache Blvd 3
  • City:
  • Tempe
  • State:
  • AZ
  • Postal Code:
  • 85281
  • County:
  • Maricopa
  • Subdivision:
  • Lola Vista
  • Listing Status:
  • For Sale - Active

Building

  • Construction Description:
  • Block, Other (see Remarks)
  • Flooring:
  • Other (see Remarks)
  • Interior Features:
  • Furnished, Partially Furnished, Other (see Remarks)
  • Number Of Units:
  • 50.00
  • Siding:
  • Painted
  • Type Of Roof:
  • Comp Shingle, Other (see Remarks)
  • Year Built:
  • 1950

Business

  • Adjusted Gross Income:
  • 420000.00
  • Net Operating Income:
  • 180000.00
  • Operating Expense:
  • 271886.00

Land

  • Conforms To Zoning:
  • C-G

Listing

  • Community Features:
  • Pool(s), Manager Res/Office, Other (see Remarks), Barbecue Area(s)
  • Included In Sale:
  • Land & Building, Pool Equipment, Laundry Equipment, Other (see Remarks)
  • Terms:
  • Conventional, 1031 Exchange, Other (see Remarks), Seller May Carry

Money

  • Property Taxes:
  • $31,886

Structures

  • Parking Description:
  • Paved Parking, >1 Space Per Unit
  • Parking Spaces:
  • 50.00

Systems

  • Appliances:
  • Other (see Remarks)
  • Cooling System:
  • Window/Wall Unit
  • Electricity:
  • Master Meter
  • Existing Water:
  • Master Meter, City Franchise
  • Gas:
  • Other (see Remarks)
  • Heating:
  • Gas, Window/Wall Unit(s)
  • Sewage Type:
  • Sewer - Public

Source

  • Listings Provided by Centrixusa

    ARMLS
REQUEST SHOWING
SCHOOL RATINGS
n/a

SCHOOL DISTRICT: 000 - OUT OF AREA

NOTES

No notes have been added for this home.

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