1428 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 6855518
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. 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. Stabilized 6+ CAP with room to raise rents. Student housing. Very low expenses w/ separate, tenant-paid electric/gas. Twin adjacent property is 1424 S Stanley (MLS 6855520). 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. Shared water meter with 1424 S Stanley.
Location
State AZ
County Maricopa
Community Stanley Plat
Zoning Multi
Direction Cul-de-sac, enter off Apache.
Interior
Heating Window/Wall Unit(s)
Cooling Window/Wall Unit
Flooring Other,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 Sewer-In & Connected,Public Sewer
Water Individual Meter,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,Owner May Carry
Listing Terms Conventional,Owner May Carry