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$415,000
2 Beds 1 Baths 6790517 MLS North Tempe SubDv. CLOSED Status
This property is adjacent to the commercial corner of Scottsdale Rd and Curry! Lot of big things could possibly happen in the future!!! GREAT INVESTMENT property with Tons of potential upside! RARE R-2 ZONING AND PLENTY of land (.22 acres!) to add an Additional Dwelling Unit (ADU) - PLUS opportunity to add more sf to the existing home to increase rents etc., and seller has permits ready to go for an addition. This area is ''HOT'' and growing fast!! This home is 2 bedrooms, 1 bath, plus laundry room/office; carport, and features a huge block fenced backyard and more! This home is currently rented on a month-to-month basis at $ 1,895/mo., and current tenants have been there a few years. Identical home with similar huge lot next door is also available: 925 E Henry, MLS 679053 Location, Location, Location: just 1/2 mile to 202/Scottsdale Rd, less than a mile to Tempe Town Lake, ASU, Hwy 101, and only a few miles to Mill Ave, Old Town Scottsdale, Sky Harbor Airport and more! Mass transit abounds: Orbitz bus, Valley Metro, mini light rail, and Light Rail. The home next door (to the LEFT) is also For Sale - and its address is: 925 E Henry St (see MLS #6790538) and offered as a "package deal (see MLS # 6719590). This home backs up to the commercial corner of Scottsdale Rd and Curry - so possible potential there also... check out the plat! Unique opportunity in a top location. Buyer to verify all facts and figures with city of Tempe etc. Please don't disturb the tenants by walking the lot without permission from agent. THANK YOU!

1100 N Esther Street, Tempe

$470,000
6761938 MLS North Tempe 2 SubDv. CLOSED Status
Excellent investment opportunity, this Duplex is located in the highly sought after area of Tempe North (South Scottsdale), which is an up and coming, high growth area of N Tempe. Both units are 2 bedrooms,1 bath, carport with private storage areas, both have units have fenced yards. Zoning is desirable R-2! Stated rents ($1,250/mo. per unit) and current market comps are $1,300-1,600/mo. per unit, but landlord hasn't raised rents to market value as tenants have been there over a decade, so current rents are well below market comps; buyer to verify all facts and figures. Tenants have been on a month-to-month rental basis for over a decade. Separate electric meters for each unit. Owner will consider a Seller-Carry with 30% down for 3 years. Well maintained, remodeled just over a decade ago with low E windows, Trane ACs, roof, underground cast iron plumbing replaced, and more. 2018: - roof was completely redone. 2024 Improvements: Aug - entire roof was recoated with Elastomeric. Sept - new Trane AC, front unit #1. Dec - new interior paint including cabinets, all new door hardware/hinges, bathroom hardware (Brushed Nickel), lighting, rear door. Exterior painting. There is potential opportunity to add more sf to increase rents etc., on unit #2, buyer to verify with city of Tempe. Multiple comps in area around 500k and this property might be better as it's located on Weber Dr. with beautiful 3 story newer homes located across the street! COMPS - 4 duplexes have sold in the Immediate area in the last 18 months: 1124 E TEMPE DR, Tempe, MLS #6570114, $475,000 930 E HENRY ST, Tempe, MLS# 6457594, $519,000 1019 N HAROLD ST, Tempe, MLS #6529794, $545,000 1010 E HENRY ST, Tempe, MLS #6547427, $ 599,000 LOTS of new construction and rehabs abound. Location, Location, Location: less than a mile to 202/101/Tempe Town Lake/ASU and more; just blocks to mass transit, less than 4 miles to: Phoenix Sky Harbor Airport; 2 mi to Old Town Scottsdale and more!

1127 E Weber Drive, Tempe

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