Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Tomlinson Estates
MLS Listing ID 6919097
Year Built 1951
Annual Tax Amount $840
Tax Year 2024
Lot Dimensions 117.45 x 62.43
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
This is a strategic Legal Duplex designed for maximum rental yield, offering two distinct income streams: a 1,200 sq ft, 3-bedroom, 1-bath main house, and a brand-new, detached 850 sq ft ADU.
This property is not just a rental; it is a meticulously designed income machine with an above average cap rate near 8%. Ideal for a dedicated student housing portfolio, flexible long-term rentals, or a savvy owner-occupant seeking substantial passive income.
Location
State AZ
County Maricopa
Community Tomlinson Estates
Area Maricopa
Zoning SFR
Direction Apache, N on Chief Jones Way, W on E Hall st
Interior
Heating Central, Electric, Natural Gas, Ceiling
Cooling Central Air, Ceiling Fan(s), Electric
Flooring Concrete
Appliance Built-In Range, Disposal, Refrigerator, Microwave, W/D Hookup
Exterior
Parking Features Add'l Parking Avail, On Street, Carport
Community Features No Pool
Roof Type Composition,Built-Up
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
High Schools Tempe High School
School District Tempe Union High School District
Others
Senior Community No
Tax ID 132-62-050
Acceptable Financing Affordable Housing, Conventional, 1031 Exchange, FHA
Disclosures Boundary Survey Avlb, Seller Prop Disc Stm
Listing Terms Affordable Housing, Conventional, 1031 Exchange, FHA
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