1010-1012 S Smith Rd
Tempe, AZ 85281
Las Palmas Apartments · Multifamily Property For Sale
·
16 Units
PROPERTY FACTS
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.86 AC |
| Building Size | 11,520 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1961 |
| Parking Ratio | 1.65/1,000 SF |
| Zoning | R-4 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Oven
- Range
SITE AMENITIES
- Pet Play Area
ABOUT 1010-1012 S SMITH RD , TEMPE, AZ 85281
Las Palmas Apartments is a 16-unit multifamily investment opportunity. The property is comprised of 100% two-bedroom / one-bathroom 800-square-foot units. 10 of the 16 units are equipped with large private backyards. In each unit, Las Palmas has been completely renovated with vinyl plank flooring, granite countertops, stainless-steel appliances, new A/C in all units, and individual washer / dryers. The property also features a new paved parking lot, as well as extremely low maintenance desert landscaping. Las Palmas Apartments will make an ideal asset in the highly desirable Tempe submarket.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 16 | $1,175 | 800 |
