1127 E Weber Drive Tempe, AZ 85288

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; 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! Well maintained, remodeled just over a decade ago with low E windows, Trane ACs, roof, underground plumbing, and more. Separate electric meters for each unit. Both units are 2 bedrooms,1 bath, carport with private storage areas, both have units have fenced yards. Zoning is R-2 and opportunity to add more sf to increase rents etc., buyer to verify with city of Tempe Stated rents ($ 1,250 per unit) are based on current market comps of $ 1,200-1,500/mo., as landlord hasn't raised rents in 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.

Won't last long!!
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 #6570114, $545,000
1010 E HENRY ST, Tempe, MLS #6547427, $ 599,000