Homes for sale - 1428 S STANLEY Place, Tempe, AZ 85281

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Rachel Eberspacher

rachel@rachelazhomes.com +1(480) 206-5873

$800,000

Est. payment - /mo

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Stanley Plat

MLS Listing ID 6855518

Maintenance Fees $1,100

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1960

Annual Tax Amount $1,539

Tax Year 2024

Lot Dimensions 7500 sf

Property Description

Prime dirt location on the doorstep to ASU, the 5th largest university in the US. Sought after four unit complex. All 1 bedroom unit mix with $1299 rents & a 7/28/2025 lease exp. Located in an opportunity zone with 1000's of new units in process. Stabilized 6+ CAP with room to raise rents. Student housing. Very low expenses w/ separate, tenant-paid electric/gas. Twin adjacent property is 1424 S Stanley (MLS 6855520). Available individually or as part of a package of 15 units (see MLS 6851166). Value-add. Long-term, local-owner that has self-managed. Seller financing may be available. Expenses are actual & estimated. Shared water meter with 1424 S Stanley.

Location

State AZ

County Maricopa

Community Stanley Plat

Zoning Multi

Direction Cul-de-sac, enter off Apache.

Interior

Heating Window/Wall Unit(s)

Cooling Window/Wall Unit

Flooring Other, Carpet, Vinyl

Appliance Free-Standing Range, Refrigerator

Exterior

Parking Features 1 Space/Unit

Community Features No Pool

Roof Type Composition

Total Parking Spaces 4

Building

Sewer Sewer-In & Connected, Public Sewer

Water Individual Meter, City Franchise

New Construction No

Schools

School District Tempe Union High School District

Others

Senior Community No

Tax ID 133-09-066

Acceptable Financing Conventional, Owner May Carry

Listing Terms Conventional, Owner May Carry

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Listed by Better Homes & Gardens Real Estate SJ Fowler

Learn More About LPT Realty

Rachel Eberspacher

+1(480) 206-5873

REALTOR® | License ID: SA669309000

REALTOR® License ID: SA669309000

1428 S STANLEY Place Tempe, AZ 85281

Rachel Eberspacher

Key Details

Location

Interior

Exterior

Building

Schools

Others

Learn More About LPT Realty

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1428 S STANLEY Place