1440 S STANLEY Place new Save Request In-Person Tour Request Virtual Tour
Tempe,AZ 85281
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Stanley Plat
MLS Listing ID 6855620
Maintenance Fees $1,900
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1960
Annual Tax Amount $2,278
Tax Year 2024
Lot Dimensions 10000 sf
Property Description
Prime dirt location on the doorstep to ASU, the 5th largest university in the US. All 1 bedroom unit mix with $1398 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. 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 possible.
Expenses are actual & estimated.
Location
State AZ
County Maricopa
Community Stanley Plat
Zoning R4
Direction Cul-de-sac, enter from Apache.
Interior
Heating Natural Gas,Floor Furnace,Wall Furnace
Cooling Window/Wall Unit
Flooring Other,Concrete
Appliance Free-Standing Range,Refrigerator
Exterior
Parking Features Free,>1 Space Per Unit
Community Features Other,See Remarks
Roof Type Composition
Total Parking Spaces 8
Building
Sewer Sewer-In & Connected,Public Sewer
Water Master Meter,City Franchise
New Construction No
Schools
School District Tempe Union High School District
Others
Senior Community No
Tax ID 133-09-072
Acceptable Financing Conventional,Owner May Carry
Listing Terms Conventional,Owner May Carry