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$675,000
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Property Description
Charming 3-Unit Property in Downtown Tempe Prime Location: Nestled on a secluded street near Mill Avenue, this property offers the perfect blend of tranquility and urban convenience. Investment Opportunity: Situated in the heart of Downtown Tempe, this 3-unit property is a stone's throw away from Tempe Town Lake, the Light Rail Station, and the Trolley Car. Enjoy the vibrant activities of Downtown Tempe and the bustling Arizona State University campus. Property Features: Three One-Bedroom Units: Each unit boasts a ranch-style layout with upgraded kitchens, two skylights, and individual washers and dryers. Modern Amenities: Equipped with tankless water heaters, a new roof 8/24, and new air conditioning units 8/24. Long-Term Tenants: Residents typically stay for over five years, but the current one-year leases allow for a month-to-month option, making it ideal for an owner-occupant. Additional Opportunity: This property can be purchased together with the identical triplex next door at 509 West 2nd Street, creating a 6-unit package. Don't miss out on this unique investment opportunity in one of Tempe's most sought-after locations! Ready for FHA owner occupant, Seller willing to assist/negotiate with buyer closing cost.
Full Property Details
Full Property Details for 515 W 2nd St
General
- Sold For: $675,000
- Taxes: $1,353 (2023)
- Status: Closed
- Type: Triplex
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6748206
- Added to Site: 558 day(s) ago
Interior
- Flooring: Ceramic Tile, Concrete
Parking
- Total Spaces: 6
- Parking Features: >1 Space Per Unit
Location
- County: Maricopa
- Township: 1N
- Subdivision: STATE PLAT NO 12 AMD
- Cross Streets: Wilson
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Heat Pump
Utilities
- Sewer: Public Sewer
- Water: City Franchise
Structural Information
- # Buildings: 1
- Exterior Const.: Painted, Block
- Roof: Composition, Foam
- Year Built: 1955
Lot Features
- Lot Dimensions: 74 x 96
- Frontage: Asphalt
- Zoning: Industrial
Financial Considerations
- Tax Amount: $1,353
- Tax Year: 2023
- Terms: Conventional, FHA, VA Loan
- Owner Pays: Trash Collection, Water
- Tenant Pays: Gas, Electricity
Disclosures and Reports
- Documents Avail.: A lead-based hazard disclosure
- Legal Description: PT TR 7 LOT 1 W 74' OF E 240' EX TH PT IF ANY LY S OF PRIEST DITCH .16 AC
- Property ID: 124-32-044-E
- Range: 4E
- Section: 16
- Lot Number: 1
Listed by Congress Realty, Inc.
Sold by AZ Real Estate Options, LLC
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Schools
Schools serving 515 W 2nd St
School Districts:Tempe School District, Tempe Union High School District
| Name | Grades | Distance |
|---|---|---|
Scales Technology Academy 1115 West 5th Street, Tempe, AZ 85281 | K-5 | 0.5 mi |
Geneva Epps Mosley Middle School 1025 South Beck Avenue, Tempe, AZ 85281 | 6-8 | 0.8 mi |
Tempe High School 1730 S Mill Ave, Tempe, AZ 85281 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 515 W 2nd St
Date
Details
Price
Change
Source
10/11/2024
Sold
$675,000
—
MLS
8/24/2024
Listed
$675,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
515 W 2nd Street, Tempe, AZ 85281 (MLS# 6748206) is a Triplex property that was sold at $675,000 on October 11, 2024. Want to learn more about 515 W 2nd Street? Do you have questions about finding other Triplex real estate for sale in Tempe? You can browse all Tempe real estate or contact a Coldwell Banker agent to request more information.

