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1150 E Orange Street, Tempe, AZ 85281
$1,855,000
1150 E Orange Street, Tempe, AZ 85281View this property at 1150 E Orange Street, Tempe, AZ 85281
1150 E Orange StreetTempeAZ85281
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Property Description
Welcome to Seven on Orange Townhomes in the heart of Tempe. This property features a total of six large one bedroom one bath townhomes and one 2 bedroom one bath townhome. Property has a newer roof and central air conditioners. Current seller is replacing the main sewer lines to the main, repaving parking lot, new paint, adding separate yards to all the units with new fencing within the next 30 days. Three of the units have been updated and four are in original condition. Current on site laundry is leased but not on a current lease. All tenants have been given notice of 30 days to start raising the current rental rates. Rents were way below market at 700-850. Proforma rents once value add in place 1,150-1,250 for the ones and two bedroom 1,350-1,450.
Full Property Details
Full Property Details for 1150 E Orange St.
General
- Sold For: $1,855,000
- Taxes: $4,883
- Status: Closed
- Type: Multi-Family
- MLS ID: 6166813
- Added to Site: 1, 250 day(s) ago
Business
- Includes: Land & Building, Personal Property
Interior
- Interior Features: Fire/Smoke Alarm(s), Unfurnished
- Appliances: Built-In Oven and Range, Dishwasher, Free-Standing Oven and Range, Microwave, Refrigerator, Washer and Dryer Hookups
- Flooring: Carpet, Ceramic Tile, Concrete, Other (See Remarks), Vinyl/Composition, Wood
Additional Information
- Shared Amenities: Barbecue Area(s), No Pool
Exterior
- Exterior Features: Cable TV Available, Desert Landscaping, Green Landscaping, Landscape Watering System, Partially Fenced
Parking
- Covered Spaces: 8
- Parking Features: <1 Space Per Unit, 1 Space/Unit, Carport, Free, Paved Parking, Street Parking
Location
- County: Maricopa
- Township: 1N
- Cross Streets: University and Rural
- Driving Directions: University to Rural, S. on Rural to Terrace, E. on Terrace to Orange, E. to property.
School Information
- Elem School District: 003 - Tempe School District
- High School District: 003 - Tempe School District
Heating & Cooling
- Cooling Type: Electric Refrigeratd, Individual
- Heating Type: Electric, Gas, Individual
Utilities
- Gas: SW Gas
- Sewer: Public Sewer
- Water: City Franchise, Private Franchise
Structural Information
- Construction: Block, Brick, Frame - Wood
- Exterior Const.: Brick Trim/Veneer, Painted, Stucco
- Roof: Built-Up
- Year Built: 1962
Unit Information
- 1 Bedroom Units: 6
- 1 Bedroom Baths: 1
- 1 Bedroom Sq. Ft.: 722
- 2 Bedroom Units: 1
- 2 Bedroom Baths: 1
- 2 Bedroom Sq. Ft.: 960
Lot Features
- Lot Dimensions: IRR
- Street/Road Desc.: Alley, Asphalt, Concrete, Curb(s) & Gutter(s), Dedicated Street, Sidewalk(s)
- Zoning: R-4
Financial Considerations
- Tax Amount: $4,883
- Terms: 1031 Exchange, Conventional, CTL, No Carry
- Owner Pays: Electric, Gas, Landscaping, Sewer, Trash Collection, Water
- Tenant Pays: Cable TV, Electric, Water
Disclosures and Reports
- Range: 4E
- Section: 23
- Lot Number: 1
Listed by Grace CRE
Sold by My Home Group Real Estate
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Schools
Schools serving 1150 E Orange St.
School Districts:Tempe School District, Tempe Union High School District
Rating | Name | Grades | Distance |
---|---|---|---|
1500 N Scovel St, Tempe, AZ 85281 | K-8 | 1.9 mi | |
1830 E Del Rio Dr, Tempe, AZ 85282 | 9-12 | 1.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1150 E Orange St.
Date
Details
Price
Change
Source
5/12/2021
Sold
$1,855,000
—
MLS
4/06/2021
Price Increased
$1,855,000
29.27%
MLS
12/02/2020
Listed
$1,435,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1150 E Orange Street, Tempe, AZ 85281 (MLS# 6166813) is a Multi-Family property that was sold at $1,855,000 on May 12, 2021. Want to learn more about 1150 E Orange Street? Do you have questions about finding other Multi-Family real estate for sale in Tempe? You can browse all Tempe real estate or contact a Coldwell Banker agent to request more information.