$2,850,000
1037 S FARMER Avenue
Tempe, AZ 85281
MLS# 5963148



1037 S FARMER Avenue, Tempe, AZ 85281
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1037 S FARMER Avenue, Tempe, AZ 85281 1037 S FARMER Avenue, Tempe, AZ 85281 1037 S FARMER Avenue, Tempe, AZ 85281 1037 S FARMER Avenue, Tempe, AZ 85281 1037 S FARMER Avenue, Tempe, AZ 85281 1037 S FARMER Avenue, Tempe, AZ 85281

Property Description
The Bradford is a 6-unit (24-beds) Class-A newly constructed contemporary apartment community with premium finishes located in a dynamic Tempe location. This premier boutique student housing community is located on Farmer Avenue just south of University Drive and west of Mill Avenue. The property is less than one mile from Arizona State University, the largest public university in the country with total enrollment of over 100,000 students (over 51,000 at the Tempe campus). The property was completed in 2019 and just finished the lease-up.

Details
Maps
Contract Info
Current Price: $2,850,000
List Price: $2,850,000
List Date: 2019-08-08
Location, Tax & Legal
Map Code/Grid: R36
House Number: 1037
Compass: S
Street Name: FARMER
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5501
Country: USA
County Code: Maricopa
Subdivision: FARMERS BLKS 4-5 & PT 3, LOTS 6-9
Assessor Number: 124-70-004-A
Taxes: 8400
Marketing Name: The Bradford
General Property Description
Apx Lot Size Range: 8282
Year Built: 2018
Zoning: R-3
Elem School Dist #: 003 - Tempe School District
High School Dist #: 213 - Tempe Union High School District
Remarks & Misc
Geo Lat: 33.417551
Geo Lon: -111.943883
Status Change Info
Status Change Date: 2019-08-09
Status: Active
Legal Info
Township: 1N
Range: 4E
Section: 21
Block: 3
Lot Number: 9
Income & Expenses
Owner Association: No
Operating Exp: 8400
Net Operating Income: 181358
Pmt & Rate Info
Cap Rate: 6.36
Equity: 2850000
Showing Instructions
Permission Required to Show: Yes
To Schedule Showing: Contact Via Text, Phone or Email
ARMLS Lockbox: No
Non-ARMLS Lockbox: No
4 Bedrooms Units
# 4 Bedroom Units: 6
Avg Rent: 3200
Avg SqFt: 2684
# Baths: 4
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Other (See Remarks)
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Patio/Balcony; Other (See Remarks)
Appliances Included: Microwave; Washer/Dryer
Heating: Electric
Cooling: Central A/C
Water: Master Meter
Sewer: Sewer - Public
Electric: Individual Meter
Gas: SW Gas
Parking: Other (See Remarks)
Roads/Streets: Asphalt/Blacktop
Owner Pays: Other (See Remarks)
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Reports/Disclosures: None
Environmental: None
Supplements
UNIT FEATURES: " Oversized Open Floor Plans with Quality Furniture " 10-Foot Ceilings Throughout " Elegant Hardwood-Style Flooring " Gourmet Over-Sized Kitchens with Electric Stainless-Steel Appliances " White Cabinetry with Brushed-Nickel Hardware " Spacious Private Patios and Balconies " Large Bedrooms with Spacious Bathrooms " Full-Size Stackable Washer/Dryers " Eco-Friendly Dual-Pane Windows " Two-Inch Wood Blinds " Over-Sized Walk-In Closets " Two-Tone Interior Paint " Microwaves " LED Lighting " Cable Ready " High-Speed Internet Access " Grand 8' Glass Entry DoorsCOMMUNITY AMENITIES: " Bike Rack " Pet-Friendly Landscaped Grounds " Privacy Walls " Individual Patios and Balconies " Easy Access to Orbit Transit Stop (Tempe Free Bus Service) " Open Parking

Listing Office: CBRE, Inc

Last Updated: December - 03 - 2019

1037 S FARMER Avenue, Tempe, AZ 85281 - MLS# 5963148

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Sunday 15th of December 2019 06:56 PM