$5,500,000
1917 E Broadway Road
Tempe, AZ 85282
MLS# 5983441



1917 E Broadway Road, Tempe, AZ 85282
  1 / 13  
1917 E Broadway Road, Tempe, AZ 85282 1917 E Broadway Road, Tempe, AZ 85282 1917 E Broadway Road, Tempe, AZ 85282 1917 E Broadway Road, Tempe, AZ 85282 1917 E Broadway Road, Tempe, AZ 85282 1917 E Broadway Road, Tempe, AZ 85282 1917 E Broadway Road, Tempe, AZ 85282 1917 E Broadway Road, Tempe, AZ 85282 1917 E Broadway Road, Tempe, AZ 85282 1917 E Broadway Road, Tempe, AZ 85282 1917 E Broadway Road, Tempe, AZ 85282 1917 E Broadway Road, Tempe, AZ 85282 1917 E Broadway Road, Tempe, AZ 85282

Property Description
Situated along the frontage of Broadway Road in the heart of Tempe and the southeast valley of Metro Phoenix, The Harlow presents a rare opportunity to acquire a low-density 27-unit, completely renovated, luxury one- and two-story apartment community that provides today's renters with a truly unique rental experience. Built in 1963 using block construction, The Harlow consists of approximately 24,000 square feet of rental space with an 889 square foot per unit average. The property is individually metered for utilities with 19 two-bedroom townhouse style units, 2 two bedroom/two bathroom units and 6 one bedroom/one bathroom units.

Details
Maps
Documents
Contract Info
Current Price: $5,500,000
List Price: $5,500,000
List Date: 2019-09-01
Location, Tax & Legal
Map Code/Grid: R37
House Number: 1917
Compass: E
Street Name: Broadway
St Suffix: Road
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Country: USA
County Code: Maricopa
Assessor Number: 133-51-067-B
Taxes: 15017
Marketing Name: The Harlow Apartments
General Property Description
Apx Lot Size Range: 45,302
Year Built: 1963
Zoning: R-4
Elem School Dist #: 000 - Out of Area
High School Dist #: 000 - Out of Area
Remarks & Misc
Geo Lat: 33.407151
Geo Lon: -111.903425
Status Change Info
Status Change Date: 2019-09-26
Status: Active
Legal Info
Lot Number: 1
Income & Expenses
Owner Association: No
Operating Exp: 15017
Pmt & Rate Info
Equity: 5500000
Showing Instructions
Permission Required to Show: Yes
To Schedule Showing: Contact Via Email
ARMLS Lockbox: No
Non-ARMLS Lockbox: No
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 950
Avg SqFt: 550
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 21
Avg Rent: 1295
Avg SqFt: 1000
# Baths: 2
Property Features
Project Type: 25 - 50 Units
Construction: Block
Const - Finish: Other (See Remarks)
Roofing: Comp Shingle
Floors: Wood
Sale Includes: Building(s) Only
Community Amenities: Pool(s); Manager Res/Office; Play Area
Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Individual
Cooling: Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking: >1 Space Per Unit
Roads/Streets: Asphalt/Blacktop
Owner Pays: Water; Trash; Landscaping; Pool/Spa Maintenance
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner; Projected Proforma
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

Listing Office: ABI Multifamily

Last Updated: October - 12 - 2019

1917 E Broadway Road, Tempe, AZ 85282 - MLS# 5983441

Copyright Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Sunday 15th of December 2019 05:40 PM