1321 W 5TH Street Active 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 State Plat No 12 Amd
MLS Listing ID 6718601
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1970
Annual Tax Amount $2,609
Tax Year 2023
Lot Dimensions 11,326
Property Description
Incredible Value-Add Opportunity!
This prime investment property is in an Opportunity Zone and offers huge potential for savvy investors to increase returns. Fully occupied and with below-market rents, this well-maintained fourplex is ready for a strategic value-add play. Renovated in 2018 with a new roof and HVAC, it's situated in the heart of Tempe, steps from ASU, Mill Ave, and public transit—making it a hot spot for consistent rental demand. With its ideal location and opportunity for growth, this is the chance to capitalize on a high-demand area and elevate your portfolio with long-term appreciation and tax benefits!
Location
State AZ
County Maricopa
Community State Plat No 12 Amd
Zoning Multi Family
Interior
Heating Natural Gas
Cooling Individual,Electric
Flooring Ceramic Tile
Appliance Other (See Remarks),BI Oven/Range,Washer/Dryer
Exterior
Garage 1 Space/Unit
Community Features No Pool
Waterfront No
Roof Type Built-Up
Parking Type 1 Space/Unit
Total Parking Spaces 4
Building
Sewer Public Sewer
Water City Franchise
Schools
School District Tempe Union High School District
Others
Senior Community No
Tax ID 124-37-004-F
Acceptable Financing Conventional,1031 Exchange,FHA
Listing Terms Conventional,1031 Exchange,FHA