2174 E Apache Boulevard Unit #3, Tempe, AZ 85281

$3,750,000
List Price
$3,750,000
Price Change
▲ $250,000 1544656567
Days on Market
222
Status
ACTIVE
MLS#
5778614
City
Tempe
Subdivision
Lola Vista
Year Built
1950

Property Description

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

Additional Information

School District
000 - Out of Area
Construction
Block, Other (See Remarks)
Cooling
Window/Wall Unit
Electric
Master Meter
Exterior Amenities
Landscape Wtr System, Cable TV Available
Finish
Painted
Floors
Other (See Remarks)
Gas
Other (See Remarks)
Guest House Sq Ft
50
Heating
Gas, Window/Wall Unit(s)
Interior Amenities
Furnished, Other (See Remarks), Partially Furnished
New Financing
Conventional, Seller May Carry, Other (See Remarks), 1031 Exchange
Parking
Paved Parking, >1 Space Per Unit
Project Type
Other (See Remarks), 25 - 50 Units
Roofing
Comp Shingle, Other (See Remarks)
Sewer
Sewer - Public
Pool
Yes
Subdivision
Lola Vista
Taxes
$31,886
Tenant Pays
None
Unit Number
3
Units
48
Water
Master Meter, City Franchise
Zoning
C-G

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of CentrixUSA.

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