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2214 S Granada Dr 5 Unit Apartment Building $1,500,000 ($300,000/Unit) Tempe, AZ 85282
Investment Highlights
- Nice Curb Appeal Pride of Ownership
- Prime Location Near Arizona State University
- Individually Metered Property
- 5 Two-Bedroom Floorplan Units with Washer/Dryer in Each Private Patio
- Good Demographics with Strong Rental Demand
- Well-Maintained Block Structure
Executive Summary
Introducing an exceptional investment opportunity at 2214 South Granada Drive, Tempe, AZ. This 3,250 SF building features 5 units, making it an ideal prospect for the astute Multifamily investor. Each unit offers a unique blend of comfort and convenience, while the prime location in Tempe ensures strong tenant demand. With its well-maintained structure and attractive rental potential, this property represents a promising addition to any investment portfolio. Don't miss the chance to capitalize on this sought-after asset in the thriving Tempe area.
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- Offering Memorandum
Property Facts
| Price | $1,500,000 | Building Class | C |
| Price Per Unit | $300,000 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 3,240 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1958 |
| Apartment Style | Low-Rise | Parking Ratio | 1.85/1,000 SF |
| Zoning | R-3, Tempe - Residential | ||
| Price | $1,500,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,240 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1958 |
| Parking Ratio | 1.85/1,000 SF |
| Zoning | R-3, Tempe - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Yard
- Lawn
- Linen Closet
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 133-25-026 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $24,133 |
Property Taxes
Parcel Number
133-25-026
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$24,133
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