1424 S STANLEY Place, Tempe, AZ 85281

  • $3,425,000
1424 S STANLEY Place, Tempe, AZ 85281

Overview

Property ID: HZ6851166
  • 0
  • Bathroom
  • 1960
  • Year Built
  • HZ6851166
  • Property ID

Description

This ”ASU OZ 15” is located in an ”A” location on the doorstep to ASU, the 5th largest U in the US. 6.6+ CAP w/ current rents. R-4. Opportunity Zone. Lots: 32,500 sf (up to 40,000 sf). Value-add. Package includes: 1424, 1428, 1432, 1440 & 1446 S Stanley Pl. All 1 bed units are 506-525 sf , except 1432 (2450 sf 5 bed house). 9759 total sf. Assemblage price-$3,425,000. Or sold individually: 1424 & 1428 S Stanley: 4’s. $775,000/4 or $1,550,000. $1299/unit rents. 1432 S Stanley: $700,000. Huge 2450 sf 5 bed house w/ pool. $4,000 rent. Separately owned sf at 1436. Then 1440, 1442, 1444, 1446 A, B, C Stanley: 6 unit. $1,175,000. 5 of 6 rents $1398, other $1299. All leases exp 7/28/25. Tenant-paid electric, gas. W/S owner. Seller financing possible, but buyer to put large down in the deal.

  • Address STANLEY
  • City Tempe
  • State/county Maricopa
  • Zip/Postal Code 85281
  • Area STANLEY PLAT

Details

Updated on June 15, 2025 at 8:58 pm
  • Property ID: HZ6851166
  • Price: $3,425,000
  • Bathroom: 0
  • Year Built: 1960
  • Property Status: Multiple Dwellings

Additional details

  • Source System: Arizona Regional Multiple Listing Service (ARMLS)
  • Listing Office: Better Homes & Gardens Real Estate SJ Fowler

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