1917 E Broadway Road

    Tempe, AZ 85282
    • $5,275,000
    • STATUS: Active
    • ON SITE: 63 days
    • MLS #: 6029583
    UPDATED: 53 min ago
    $5,275,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1963
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Situated along the frontage of Broadway Road in the heart of Tempe and thesoutheast valley of Metro Phoenix, The Harlow presents a rare opportunity toacquire a low-density 27-unit, completely renovated, luxury one- and two-storyapartment community that provides today's renters with a truly unique rentalexperience. Built in 1963 using block construction, The Harlow consists of20,550 square feet of rental space with an 761 square foot per unit average.The property is individually metered for utilities with (19) two-bedroomtownhouse style units, (2) two-bedroom/two-bathroom units and (6)one-bedroom/one-bathroom units.

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    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Revelation Real Estate. Data last updated 2020-04-01T15:11:02.637.
    www.teamredbrick.com/homes/102655010

    1917 E Broadway Road Tempe, AZ 85282

    • Price: $5,275,000
    • Status: Active
    • Updated: 53 min ago
    • MLS #: 6029583
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1963
    Built
    County:
    Maricopa
    Area:
    Tempe
    School District:
    003 - Tempe School District
    Property Description
    Situated along the frontage of Broadway Road in the heart of Tempe and thesoutheast valley of Metro Phoenix, The Harlow presents a rare opportunity toacquire a low-density 27-unit, completely renovated, luxury one- and two-storyapartment community that provides today's renters with a truly unique rentalexperience. Built in 1963 using block construction, The Harlow consists of20,550 square feet of rental space with an 761 square foot per unit average.The property is individually metered for utilities with (19) two-bedroomtownhouse style units, (2) two-bedroom/two-bathroom units and (6)one-bedroom/one-bathroom units.
    Exterior Features

    Construction BlockFrame - Wood Construction Finish PaintedStucco Covered Parking Spaces 1.00 Lot Size Dimensions Unknown Parking Garage>1 Space Per Unit Roads Asphalt Roofing Comp Shingle Total Parking Spaces 41.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 500 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 850 2 Bedroom Units Baths 15 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigeratorDishwasherDisposalCompactorMicrowaveWasher/Dryer Cooling Electric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Vinyl/Composition Heating Electric

    Property Features

    1 Bedroom Unit Avg Rent 950.00 1 Bedroom Units 6 2 Bedroom Unit Avg Rent 850.00 2 Bedroom Units 21 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 420925.05 Annual Elec Exp 2400.00 Annual Gas Exp 0.00 Annual Ins Exp 3564.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 4000.00 Annual Legal And Acctg 5400.00 Annual Maint Exp 6750.00 Annual Mgmt Exp 24475.00 Annual Other Expense 1212.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 6750.00 Annual Trash Exp 2400.00 Annual Wtr Swr Exp 11981.00 Community Amenities Pool(S)Manager Res/Office Cross Street Broadway And Mcclintock Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas None Gross Annual Sch Inc 399540.00 Hoa YN No Net Operating Income 323972.00 New Financing Conventional Operating Exp 83944.00 Other Income 43539.00 Owner Pays WaterSewerTrash CollectionOther Project Type 25 - 50 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Tempe Taxes 15012.00 Tenant Pays Electric Vacancy Allowance 0.05 Water City Franchise Zoning Mf

    Listing courtesy of Abi Multifamily.


    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Revelation Real Estate. Data last updated 2020-04-01T15:11:02.637.
     
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