$2,990,000
1433 S STANLEY Place
Tempe, AZ 85281
MLS# 5935196



1433 S STANLEY Place, Tempe, AZ 85281
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Property Description
The Springleaf Apartments is a centrally located, updated garden style apartment in Tempe, Arizona just a half mile from ASU and the bustle of Mill Avenue. Comprised of 22 units in a cul de sac location, the community was built in 1978 and renovated in 2019. All units are individually metered for electricity, have individual ground mounted HVAC's and individual water heaters. Springleaf offers 22 cookie cutter one bed/one bath units averaging 585 SF with a galley-style kitchen, full bathroom and living area. 20 units have been fully refreshed with new stainless steel appliances, updated fixtures and new flooring. Exterior improvements include updated gated pool, refreshed paint and roofs.

Details
Maps
Contract Info
Current Price: $2,990,000
List Price: $2,990,000
List Date: 2019-06-04
Location, Tax & Legal
Map Code/Grid: R37
House Number: 1433
Compass: S
Street Name: STANLEY
St Suffix: Place
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5829
Country: USA
County Code: Maricopa
Subdivision: STANLEY PLAT
Assessor Number: 133-09-065
Taxes: 8600
Marketing Name: Springleaf
General Property Description
Apx Lot Size Range: 30000 SF
Year Built: 1978
Zoning: R4
Elem School Dist #: 003 - Tempe School District
High School Dist #: 213 - Tempe Union High School District
Remarks & Misc
Geo Lat: 33.411836
Geo Lon: -111.919076
Status Change Info
Status Change Date: 2019-06-04
Status: Active
Legal Info
Township: 1N
Range: 4E
Section: 23
Lot Number: 15
Income & Expenses
Owner Association: No
Operating Exp: 8600
Pmt & Rate Info
Equity: 2990000
Showing Instructions
Permission Required to Show: Yes
To Schedule Showing: Contact Via Text, Phone or Email
ARMLS Lockbox: No
Non-ARMLS Lockbox: No
1 Bedroom Units
# 1 Bedroom Units: 22
Avg Rent: 850
Avg SqFt: 585
# Baths: 1
Property Features
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Stucco
Roofing: Other (See Remarks)
Floors: Vinyl/Composition
Sale Includes: Land & Building
Community Amenities: Pool(s)
Exterior Amenities: Partially Fenced
Interior Amenities: Unfurnished; Breakfast Bar
Appliances Included: F/S Oven/Range; Refrigerator; Microwave
Heating: Individual
Cooling: Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: Individual Meter
Gas: None
Parking: Paved Parking
Roads/Streets: Asphalt/Blacktop
Owner Pays: Water; Trash
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Other (See Remarks)
Reports/Disclosures: None
Environmental: None
Supplements
Residents enjoy onsite laundry, gated community pool and sun deck. The project is close to the light rail delivering riders quickly to the Phoenix MSA. Construction has also begun on the Tempe Streetcar line, a $180 million dollar project slated for completion in 2020. Access to major freeways as well as an international airport are also just a short drive from the site. This property is a prime candidate for a new owner to continue renovation program with an exterior reposition strategy to achieve rent premiums in the strong Tempe market.

Listing Office: REI Marketing

Last Updated: September - 10 - 2019

1433 S STANLEY Place, Tempe, AZ 85281 - MLS# 5935196

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Sunday 15th of September 2019 02:32 PM