615 S Farmer Ave
Tempe, AZ 85281
Residences on Farmer · Multifamily Property For Sale · 31 Units

Residences on Farmer is a four-story townhome-style project built in 2015, comprising 31 high quality units. The unit mix consists of fifteen one-bedrooms, twelve two-bedrooms units, and four live/work (two-bedroom with office on the ground floor) units. Building construction is made of concrete, masonry, wood frame, and integral color EFIS. Heating and cooling is provided by individual roof-mounted HVAC units. The utility costs associated with heating and cooling are the responsibility of the tenant. The property is individually metered for electricity, and the costs associated with usage inside the dwelling units are the responsibility of the tenant. Hot water is provided by individual water heaters. The cost of water, sewer charges, and trash collection is the responsibility of the owner. Residences on Farmer is located at 615 South Farmer Avenue in desirable Tempe, Arizona. The property is situated two blocks west of Mill Avenue just south of 5th Street, leading to downtown and ASU. Downtown Tempe is less than a quarter mile southeast of the property and contains many employment opportunities, dining options, and recreational amenities. Located a quarter of a mile southeast of Residences on Farmer is Arizona State University' s Tempe Campus (the largest University in the country, with over 80,000 students enrolled in Spring 2016). With such close proximity to campus, Residences on Farmer is an ideal location for students or faculty to live and walk to campus. Along with higher educational opportunities, ASU also supplies a significant source of employment, concentrated within the main campus. Tempe' s Mill Avenue District provides prominent entertainment and retail venues for young professionals and students alike. Areas to the south and west of the property are primarily residential, the area to the north is the Tempe Beach Park and Tempe Center for the Arts, and areas to the east are small retail, commercial centers, and dining along Mill Avenue.