This is a portfolio sale of 3 parcels and 3 running hotel businesses. This includes 46 units 2 house and 2 offices. You can also tear down units and build up to 65 units of high density apartments. Land total is 92,040 sq feet. Hotels are located in front of light rail for easy access to Tempe Market Place and ASU students. 101 is about a block away for easy access. Currently ran as self managed all 3 hotels bring in about $35,000.00 gross and ran 60-65% for expenses per month. Also can build 65 units high density for multi-family. Drive by only managers unware of sale
Full Property Details
Full Property Details for 2174 E Apache Boulevard #3
MLS ID: 5778614
Added: 67 day(s) ago
Includes: Land & Building, Other (See Remarks), Laundry Equipment, Pool Equipment
Interior Features: Furnished, Other (See Remarks), Partially Furnished
Appliances: Other (See Remarks)
Flooring: Other (See Remarks)
Shared Amenities: Pool(s), Barbecue Area(s), Other (See Remarks), Manager Res/Office
Exterior Features: Landscape Watering System, Cable TV Available
Parking Features: Paved Parking, >1 Space Per Unit
Subdivision: LOLA VISTA
Elem School District: 000 - Out of Area
High School District: 000 - Out of Area
Heating & Cooling
Cooling Type: Wall/Window Air Conditioning
Heating Type: Gas, Window/Wall Unit(s)
Gas: Other (See Remarks)
Sewer: Public Sewer
Water: Master Meter, City Franchise
Construction: Block, Other (See Remarks)
Exterior Const.: Painted
Roof: Composition Shingles, Other (See Remarks)
Year Built: 1950
Studio/Effic Units: 46
Studio/Effic Baths: 1
Studio/Effic Sq. Ft.: 375
2 Bedroom Units: 2
2 Bedroom Baths: 1
2 Bedroom Sq. Ft.: 1,000
Lot Dimensions: 2.11 acres
Tax Amount: $31,886
Terms: Conventional, Seller May Carry, Other (See Remarks), 1031 Exchange
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School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Listed by Russ Lyon Sotheby's International Realty
2174 E Apache Boulevard #3, Tempe, AZ 85281 (MLS# 5778614) is a
Multi-Family property with 48 units containing 0 bedrooms and 0 full bathrooms.
2174 E Apache Boulevard #3 is currently listed for $3,500,000 and was received on June 10, 2018.
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