1433 S Stanley Pl
Tempe, AZ 85281
Springleaf Apartments · Multifamily Property For Sale
·
22 Units
Property Facts
| No. Units | 22 | Lot Size | 0.69 AC |
| Property Type | Multifamily | Building Size | 12,870 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1978/2017 |
| Building Class | C | Parking Ratio | 2.8/1,000 SF |
| Zoning | R-4, Tempe | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.69 AC |
| Building Size | 12,870 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2017 |
| Parking Ratio | 2.8/1,000 SF |
| Zoning | R-4, Tempe |
Amenities
Unit Amenities
- Stainless Steel Appliances
Site Amenities
- Laundry Facilities
- Pool
About 1433 S STANLEY PL , TEMPE, AZ 85281
Springleaf Apartments is a partially renovated 22 unit, garden-style community in Tempe, Arizona located within walking distance (1/2 mile) from Arizona State University (ASU) and within minutes of the LRT system delivering riders quickly to the Phoenix MSA. Built in 1978 of block construction with pitched asphalt shingle roofs, Springleaf features 22 spacious one bedroom one bath floor plans. Each unit is individually metered for electricity with individual ground mounted HVACS and water heaters. The community also offers a laundry facility, a pool and sundeck. The property is zoned R-4 and situated on 4 separate parcels of 7,500 SF per parcel for a total of 30,000 SF. The owners renovated 11 units in 2017 to leverage location for stronger rents. The property is a prime candidate for new owner to continue the renovation program with a reposition strategy to garner rent premiums. The property offers an investor hard to find value-add potential in a high demand sub-market of Phoenix MSA.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 22 | $800.00 | 585 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $12,981 | Total Assessment | $86,722 |
Property Taxes
