Active

1321 W 5TH Street

Tempe AZ, 85281

$950,000


Active

Other

Built in 1970

Incredible Value-Add Opportunity!

This prime investment property is in an Opportunity Zone and offers huge potential for savvy investors to increase returns. Fully occupied and with below-market rents, this well-maintained fourplex is ready for a strategic value-add play. Renovated in 2018 with a new roof and HVAC, it's situated in the heart of Tempe, steps from ASU, Mill Ave, and public transit--making it a hot spot for consistent rental demand. With its ideal location and opportunity for growth, this is the chance to capitalize on a high-demand area and elevate your portfolio with long-term appreciation and tax benefits!

6718601

MLS ID

June 13, 2024

Listed

October 14, 2024

Updated

Map

1321 W 5TH Street
Tempe AZ, 85281

Interior Features

Floor Description

Ceramic Tile


Fireplace

No


Cooling

Yes


Cooling Description

Individual, Electric


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Roof

Built-Up


Sewer

Public Sewer

School Information

School District

Tempe Elementary School District

Other Property Details

Taxes

$2,609


Tax Frequency

Annually


Days on Market

111


Garage

No


Parking

1 Space/Unit


Parking Total

4


View

No


County

Maricopa


Water Source

City Franchise


Pool

No


Zoning

Multi Family

Listing History

Date

Event

Price

10/1/2024

Price change

$950,000

-5%

Courtesy of eXp Realty

Listing Contact: 602-999-4309 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Huffman Davis Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data Last Updated: 6:42 PM UTC, 10/14/2024.

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