1011 E Orange St | Tempe, AZ 85281
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- LoopNet Team
1011 E Orange St
Tempe, AZ 85281
Verve Tempe Terrace · Multifamily Property For Sale
·
40 Units
INVESTMENT HIGHLIGHTS
- 40 Garden-Style Units Constructed in 1963
- In-Suite Washers / Dryers & Covered Parking
- Value-Add Opportunity Through Additional Interior & Exterior Renovations
- Attractive Mix of One & Two-Bedroom Unit Types
- Individually Metered for Electricity & Hot Water
- Zoned R-4 & Surrounded by 7-Story Student Housing Properties
PROPERTY FACTS
| No. Units | 40 | Construction Status | Demolished |
| Property Type | Multifamily | Building Size | 24,524 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1963/2022 |
| Building Class | B | Parking Ratio | 1.92/1,000 SF |
| Lot Size | 0.90 AC | ||
| Zoning | R-4, Tempe | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.90 AC |
| Construction Status | Demolished |
| Building Size | 24,524 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2022 |
| Parking Ratio | 1.92/1,000 SF |
| Zoning | R-4, Tempe |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Range
- Walk-In Closets
- Carpet
- Family Room
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Grill
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 22 | - | 453 |
| 2+1 | 18 | - | 781 |
PROPERTY TAXES
| Parcel Number | 132-73-158B | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $258,717 |
PROPERTY TAXES
Parcel Number
132-73-158B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$258,717
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