1127 E Weber Drive Tempe, AZ 85288
Listing Courtesy of: Arizona Regional MLS / Windermere Real Estate & Property Management / Bruce Swift

  1127 E Weber Drive Tempe, AZ 85288

Active (89 Days)

Description

Excellent investment opportunity, this Duplex is located in the highly sought after area of Tempe North (South Scottsdale), which is an up and coming, high growth area of N Tempe. Both units are 2 bedrooms,1 bath, carport with private storage areas, both have units have fenced yards. Zoning is desirable R-2! Stated rents ($1,250/mo. per unit) and current market comps are $1,300-1,600/mo. per unit, but landlord hasn't raised rents to market value as tenants have been there over a decade, so current rents are well below market comps; buyer to verify all facts and figures. Tenants have been on a month-to-month rental basis for over a decade. Separate electric meters for each unit. Owner will consider a Seller-Carry with 30% down for 3 years. Well maintained, remodeled just over a decade ago with low E windows, Trane ACs, roof, underground cast iron plumbing replaced, and more.
2018:
- roof was completely redone.

2024 Improvements:
Aug - entire roof was recoated with Elastomeric.
Sept - new Trane AC, front unit #1.
Dec - new interior paint including cabinets, all new door hardware/hinges, bathroom hardware (Brushed Nickel), lighting, rear door. Exterior painting.

There is potential opportunity to add more sf to increase rents etc., on unit #2, buyer to verify with city of Tempe.

Multiple comps in area around 500k and this property might be better as it's located on Weber Dr. with beautiful 3 story newer homes located across the street!

COMPS - 4 duplexes have sold in the Immediate area in the last 18 months:
1124 E TEMPE DR, Tempe, MLS #6570114, $475,000
930 E HENRY ST, Tempe, MLS# 6457594, $519,000
1019 N HAROLD ST, Tempe, MLS #6529794, $545,000
1010 E HENRY ST, Tempe, MLS #6547427, $ 599,000

LOTS of new construction and rehabs abound. Location, Location, Location: less than a mile to 202/101/Tempe Town Lake/ASU and more; just blocks to mass transit, less than 4 miles to: Phoenix Sky Harbor Airport; 2 mi to Old Town Scottsdale and more!

MLS #:
6761938
Taxes
$1,270
Type
Multifamily
Year Built
1962
County
Maricopa County

Listed By

Bruce Swift, Windermere Real Estate & Property Management
Source
Arizona Regional MLS
Last checked Dec 23 2024 at 3:52 AM GMT+0000
Bathroom Details
Heating and Cooling
  • Natural Gas
  • Heat Pump
  • Ceiling Fan(s)
  • Electric
Flooring
  • Ceramic Tile
Exterior Features
  • Frame - Wood
  • Block
  • Painted
  • Roof: Foam
Utility Information
  • Sewer: Public Sewer
School Information
  • High School: Tempe High School
Garage
  • Attached Garage
Parking
  • Common
  • Attached
  • Assigned
Location
   
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Disclaimer: Listing Data Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All Rights reserved
Information Deemed Reliable but not Guaranteed.
ARMLS Last Updated: 12/22/24 19:52.