828 W 2Nd Street Tempe, AZ
$ 719,000
Property Attributes
  • MLS#6172846
  • TypeMulti-Family
  • CountyMARICOPA
  • CityTempe
  • NeighborhoodMonterrey Village Plat 3 Unit 2
  • Zip85281
  • Style
  • Year Built1963
  • Taxes1772
  • Price$ 719,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2528
Listing Provided Courtesy Of:
Grace CRE
Property Description

Welcome to Monterrey Village Place Apartments. This fully occupied apartments are all two bedroom 1 bath all with private yards and parking. Corner lot with a new block wall. All units have been updated with Ikea kitchens and some units have new flooring. The property has a washer and dryer that are leased on site. Property is self managed and rents are below market from the 600-850 range current cap is around a 3.74. Market rents are 1,100-1,250 proforma cap 5.73 after raised rents. Property is close to Tempe Town Lake ASU and freeways. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unware of sale.

Price History
12/18/2020 Listed $719,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 1150.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Cooling Central A/C
Electric APS
Exterior Features Other (See Remarks)
Features Other (See Remarks)
Heating Central, Electric
Interior Features Other (See Remarks)
Map Code/Grid R36
Net Income 41208.00
New Financing 1031 Exchange, Conventional, CTL, FHA, VA
Owner Pays Trash Collection, Water
Parking 1 Space/Unit, Carport
Property Type F
Roof Foam
School District 213 - Tempe Union High School District
Sewer Sewer - Public
Status Active
Tenant Pays Cable TV, Electric
Water City Franchise
Year Built 1963
Zoning R-3

Interior Features

2 Bedroom Units: # 2 Bedroom Units 4
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 632
Appliances Included Other (See Remarks)
Floors Ceramic Tile, Concrete, Vinyl/Composition, Wood
Gas Other (See Remarks)
Total Number of Units 4.00

Exterior Features

Sale Includes Other (See Remarks)
Const - Finish Painted
Covered Parking Spcs 4.00
Lot Size Dimensions 6853
Total Parking Spcs 8.00


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85281

AVG $1.29M
AVG $4,217
AVG 683
Year Built
AVG 1959
AVG 69
Data Provided by Walkscore ® not using MLS data

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