740 W University Dr | Tempe, AZ 85281
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- LoopNet Team
740 W University Dr
Tempe, AZ 85281
Axio Apartments · Multifamily Property For Sale
·
58 Units
INVESTMENT HIGHLIGHTS
- Tremendous Value-Add Opportunity in North Tempe
- Current Rents are Approximately 25% Below Market
- Dynamic North Tempe Sub Market Within Walking Distance to Arizona State University
- Ability to Add In-Suite, Full-Size Washers and Dryers
- 1986 Construction | Individually Metered
- Proximity to Tempe Town Lake, Mill Avenue, Whole Foods and Other Entertainment Destinations
PROPERTY FACTS
| No. Units | 58 | Lot Size | 1.89 AC |
| Property Type | Multifamily | Building Size | 35,160 SF |
| Property Subtype | Apartment | Average Occupancy | 95% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1986 |
| Zoning | R-3 | ||
| No. Units | 58 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.89 AC |
| Building Size | 35,160 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1986 |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Grill
- Pet Play Area
- Maintenance on site
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 33 | - | 520 |
| 2+1 | 25 | - | 720 |
PROPERTY TAXES
| Parcel Number | 124-34-024A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $239,277 |
PROPERTY TAXES
Parcel Number
124-34-024A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$239,277
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