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914 S Kenwood Cir 4 Unit Apartment Building $999,000 ($249,750/Unit) 6.47% Cap Rate Tempe, AZ 85281
EXECUTIVE SUMMARY
A short bike ride from the Tempe ASU campus, 914 S Kenwood is a perfect Air BNB, mid term / executive rental, or just an easy long term rental property. This fully furnished 4 plex has been EXTENSIVELY renovated. EVERYTHING has been redone. The roof, AC units, underground plumbing, electrical, framing, drywall, all interior finishes, landscape, there isn't an inch of this property that hasn't been updated. All four units have 1 bedroom and 1 bathroom, as well as in unit laundry, quartz counters, modern cabinetry, dishwasher, all stainless steel appliances, wood plank style tile flooring, exterior storage closets for each unit, and are completely furnished and ready for guests. Tempe is in extremely high demand for both long & short term...
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$77,520
|
$142.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,876
|
$7.14
|
| Effective Gross Income |
$73,644
|
$135.62
|
| Taxes |
$1,597
|
$2.94
|
| Operating Expenses |
$7,400
|
$13.63
|
| Total Expenses |
$8,997
|
$16.57
|
| Net Operating Income |
$64,647
|
$119.06
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $77,520 |
| Annual Per SF | $142.76 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,876 |
| Annual Per SF | $7.14 |
| Effective Gross Income | |
|---|---|
| Annual | $73,644 |
| Annual Per SF | $135.62 |
| Taxes | |
|---|---|
| Annual | $1,597 |
| Annual Per SF | $2.94 |
| Operating Expenses | |
|---|---|
| Annual | $7,400 |
| Annual Per SF | $13.63 |
| Total Expenses | |
|---|---|
| Annual | $8,997 |
| Annual Per SF | $16.57 |
| Net Operating Income | |
|---|---|
| Annual | $64,647 |
| Annual Per SF | $119.06 |
PROPERTY FACTS
| Price | $999,000 | Apartment Style | Garden |
| Price Per Unit | $249,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6.47% | Building Size | 543 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1962/2022 |
| Property Subtype | Apartment | Parking Ratio | 7.37/1,000 SF |
| Zoning | R-3 | ||
| Price | $999,000 |
| Price Per Unit | $249,750 |
| Sale Type | Investment |
| Cap Rate | 6.47% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 543 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1962/2022 |
| Parking Ratio | 7.37/1,000 SF |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Granite Countertops
- Ice Maker
- Yard
- Attic
- Double Pane Windows
- Lawn
- Window Coverings
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,700 | 543 |
1 1
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 132-64-027 | Total Assessment | $14,261 |
| Land Assessment | $0 | Annual Taxes | $1,597 ($2.94/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
132-64-027
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$14,261
Annual Taxes
$1,597 ($2.94/SF)
Tax Year
2025 Payable 2025
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914 S Kenwood Cir
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