Homes for sale - 1424 S STANLEY Place, Tempe, AZ 85281

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Stephanie Crain

stephanie@mtnretreatrealty.com +1(928) 242-4911

$ 775,000

Est. payment | -/mo

Save

$ 775,000

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Stanley Plat

MLS Listing ID 6855520

Maintenance Fees $1,100

Year Built 1960

Annual Tax Amount $1,539

Tax Year 2024

Lot Dimensions 7500 sf

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Prime dirt location on the doorstep to ASU, the 5th largest university in the US. Sought after four unit complex. 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. Strong 6.65 CAP +/-. Very low expenses w/ separate, tenant-paid electric/gas. Twin adjacent property is 1428 S Stanley (MLS 6855518). Sold together as eight units or buy the full package of 15 units (see MLS 6851166). Value-add. Long-term, local-owner that has self-managed. A 10% 2nd position SCB may be possible. Expenses are actual & estimated. Water meter shared with 1428 S Stanley. 1424 & 1428 S Stanley need to be sold together.

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

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 Other (See Remarks), Conventional

Listing Terms Other (See Remarks), Conventional

Listed by Better Homes & Gardens Real Estate SJ Fowler

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(928) 242-4911

stephanie@mtnretreatrealty.com

1449 E. White Mountain Blvd., Pinetop-Lakeside, AZ, 85935, USA

1424 S STANLEY Place Tempe, AZ 85281