$7,450,000
1106 E WEBER Drive, 1033
Tempe, AZ 85281
MLS# 5954603



1106 E WEBER Drive, 1033, Tempe, AZ 85281
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Property Description
Like the coveted town in Orange County, The Newport is created to be a lifestyle community combining the relaxed, connective vibe of the people with the modern, urban architecture found in coastal California. Upon arriving at The Newport, one will notice the clean-lined architectural design, replete with great articulation, varied materials including corrugated metal, cementitious wood, and smooth stucco that blend artistically to remind you that Tempe is a changin'. The interiors are an eclectic mix of mid-century modern that allow you an embracing and warm feel, or chic, minimalist modern California beach house. The community boasts SRP GoldStar rating for the highest in energy efficiency.

Details
Maps
Contract Info
Current Price: $7,450,000
List Price: $7,450,000
List Date: 2019-07-18
Location, Tax & Legal
Map Code/Grid: Q37
House Number: 1106
Compass: E
Street Name: WEBER
St Suffix: Drive
Unit #: 1033
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 0919
Country: USA
County Code: Maricopa
Subdivision: NEWPORT AT TEMPE
Assessor Number: 132-10-113
Taxes: 57000
Marketing Name: The Newport
General Property Description
Apx Lot Size Range: 2.30
Year Built: 2017
Zoning: R1-Pad
Elem School Dist #: 048 - Scottsdale Unified District
High School Dist #: 213 - Tempe Union High School District
Remarks & Misc
Geo Lat: 33.445722
Geo Lon: -111.921906
Status Change Info
Status Change Date: 2019-07-19
Status: Active
Legal Info
Township: 1N
Range: 4E
Section: 11
Lot Number: 2
Income & Expenses
Owner Association: Yes
Operating Exp: 57000
Gross Annual Sch Inc: 616800
Adjusted Gross Inc: 616800
Net Operating Income: 478256
Pmt & Rate Info
Cap Rate: 6.42
Equity: 7450000
Showing Instructions
Permission Required to Show: Yes
To Schedule Showing: Contact Via Email
ARMLS Lockbox: No
Non-ARMLS Lockbox: No
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 3050
Avg SqFt: 1702
# Baths: 4
3 Bedrooms Units
# 3 Bedroom Units: 16
Avg Rent: 3050
Avg SqFt: 1737
# Baths: 4
Property Features
Project Type: 13 - 24 Units
Construction: Frame - Wood
Const - Finish: Painted; Stucco; Siding
Roofing: Built-Up
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: Pool(s); Spa(s); Clubhouse; Exercise Room; Game/Rec Room; Sport Court(s)
Exterior Amenities: Landscape Wtr System; Patio/Balcony
Interior Amenities: Furnished; Fire/Smoke Alarm(s); Fire Sprinklers
Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Electric; Individual; Ceiling Fan(s); ENERGY STAR Qualified Equipment
Cooling: Electric Refrigeratd; Individual; Central A/C; ENERGY STAR Qualified Equipment
Water: City Franchise; Individual Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: City Gas
Parking: Garage; >1 Space Per Unit; Attached
Roads/Streets: Asphalt/Blacktop
Owner Pays: Gas; Landscaping; Pool/Spa Maintenance
Tenant Pays: Water; Sewer; Electric; Trash; Cable TV
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; Other (See Remarks)
Reports/Disclosures: None
Environmental: None
Supplements
The Newport features a portfolio of 17-single family detached fee-simple homes in an exclusive 38-home community located in a dynamic Tempe Town Lakes location that was built between 2015 and 2018. 16 of the 17 homes in the offering are fully furnished with designer finishes and include all living necessities for Airbnb and are on a master-lease at $3,050 per month thru 2022. The community consists of two and three-story residences that average over 1,700 square feet and include separate dens that could potentially be converted into a bedroom. Interior features include 9-foot ceilings, eat-in kitchens with Energy Star rated Kenmore stainless-steel appliances, spacious pantries, granite or quartz countertops with undermounted sinks and premium Kohler plumbing fixtures, custom cabinets, in-suite full-size washer/dryers. Units are also Cat5 Ethernet wired and include top-of-the-line lighting fixtures.Every residence has a private yard and large patio terrace. The community also features a sparkling resort-style pool and spa. Residents of The Newport can also enjoy the amenities at the North Tempe Multi-Generational Center, located directly across the street, for $25 for the year or a $1 per day. The ±30,000 square foot facility includes a fitness center, a business center/library, a gym with multiple basketball courts, community classrooms, preschool classrooms, a youth center, a teen center and a senior center.

Listing Office: CBRE, Inc

Last Updated: September - 10 - 2019

1106 E WEBER Drive, 1033, Tempe, AZ 85281 - MLS# 5954603

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Sunday 15th of September 2019 02:46 PM