1424 S STANLEY Place new Save Request In-Person Tour Request Virtual Tour
Tempe,AZ 85281
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Stanley Plat
MLS Listing ID 6855520
Maintenance Fees $1,100
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1960
Annual Tax Amount $1,539
Tax Year 2024
Lot Dimensions 7500 sf
Property Description
Prime dirt location on the doorstep to ASU, the 5th largest university in the US. All 1 bedroom unit mix with $1299 rents & a 7/28/2025 lease exp.
Located in an opportunity zone with 1000's of new units in process. Stabilized 6+ CAP with room to raise rents. Student housing. Very low expenses w/ separate, tenant-paid electric/gas. Twin adjacent property is 1428 S Stanley (MLS 6855518). Available individually or as part of a package of 15 units (see MLS 6851166). Value-add. Long-term, local-owner that has self-managed. Seller financing may be available. Expenses are actual & estimated. Water meter shared with 1428 S Stanley.
Location
State AZ
County Maricopa
Community Stanley Plat
Zoning R-4
Direction Cul-de-sac, enter from Apache.
Interior
Heating Window/Wall Unit(s)
Cooling Window/Wall Unit
Flooring Carpet,Vinyl
Appliance Free-Standing Range,Refrigerator
Exterior
Parking Features 1 Space/Unit
Community Features No Pool
Roof Type Composition
Total Parking Spaces 4
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Tempe Union High School District
Others
Senior Community No
Tax ID 133-09-066
Acceptable Financing Conventional,1031 Exchange,Owner May Carry
Listing Terms Conventional,1031 Exchange,Owner May Carry