405 S Priest Dr - Apartments FOR SALE


Tempe, AZ 85281
$1,700,000 USD
602-714-8931
405 S Priest Dr, Tempe, AZ for Sale
$1,700,000 USD
Apartments - FOR SALE
1/24
null | 6.25% Cap Rate

405 S Priest Dr
Tempe, AZ 85281


OVERVIEW

*8-Unit, Garden-Style Property, Built in 1961 *Property Consists of Two Individually Parceled & Contiguous Fourplexes *100% 1-Bed / 1-Bath Units, Each 665 SF *Renovated in 2024 to Include New Flooring, Countertops, Cabinetry, Stainless-Steel Appliances, Updated Bathrooms, Light Fixtures, Doors, & Paint *Two Shared Laundry Rooms On Site (One Per Building) & Separate Storage Area for Each Unit *Individually Metered for Electricity *Close Proximity to Arizona State University With Easy Access to Transportation Corridors (Loop 202, SR-143, & I-10) & Phoenix Sky Harbor International Airport *Each Fourplex Can Be Sold Individually

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

8

PRICE/UNIT

$212,500

CAP RATE

6.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

405 South Priest Drive

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

R-4

APN/PARCEL ID

124-28-031B,124-28-031C

ASK ABOUT THIS PROPERTY

Bryce NeagleABI MultifamilyMore Info
602-714-8931

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Bryce NeagleABI MultifamilyMore Info
602-714-8931

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.