1424 S STANLEY PLACE, TEMPE, AZ 85281

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1424 S STANLEY Place
Tempe, AZ 85281

$3,500,000

Baths: 0

Number of Units: 15

Type: Multi-Unit Residential

Listing #6851166

This ''ASU OZ 15'' is located in an ''A'' location on the doorstep to ASU, the 5th largest U in the US. 6.5 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-$3,500,000. Or sold individually: 1424 & 1428 S Stanley: 4's. $800,000/4 or $1,600,000. $1299/unit rents. 1432 S Stanley: $700,000. Huge 2450 sf 5 bed house w/ pool. $700,000. $4,000 rent. Separately owned sf at 1436. Then 1440, 1442, 1444, 1446 A, B, C Stanley: 6 unit. $1,200,000. 5 of 6 rents $1398, other $1299. All leases exp 7/28/25. Tenant-paid electric, gas. W/S owner. Seller financing possible. Rent roll attached.

Listing Courtesy of Better Homes & Gardens Real Estate SJ Fowler

Property Features

Location Information

County: Maricopa

Cross Street: Rural/Apache

Community Features: Other, See Remarks, Barbecue, Pool

Latitude: 33.411831

Longitude: -111.919724

Subdivision: STANLEY PLAT

Directions: On a dead end street. Rural to Spence to Stanley.

Township: 1N

Interior Features

Full Baths: 0

Has Fireplace: No

Heating: Other, See Remarks, Window/Wall Unit(s)

Cooling: Window/Wall Unit, Electric

Floors: Carpet, Ceramic Tile, Vinyl, Concrete

Tenant Pays: Cable TV, Electricity, Gas

Total Number of Units: 15

Exterior Features

Construction: Painted, Block

Roof: Other, Composition

Water Source: City Franchise

Septic or Sewer: Public Sewer

Covered Spaces: 0

Electric: SRP, Individual Meter

Parking Description: Paved, 1 Space/Unit

Has a Pool: No

Is a Horse Property: No

Lot Size in Acres: 0

Lot Size in Sq. Ft.: 0

Dimensions: 32,500

Zoning: Multi

Number of Buildings: 5

Road Description: Asphalt

Additional Information

Income & Expenses: Owner Association: No, Annual Other Expense: $2400.0, Operating Exp: $30690.0

1 Bedroom Units: # 1 Bedroom Units: 14, Avg Rent: $1312.0, Avg SqFt: 525, # Baths: 1

4 Bedroom Units: # 1 Bedroom Units: 1, Avg Rent: $4000.0, Avg SqFt: 2450, # Baths: 2

Annual Expenses: Elec Exp: $600.0, Ins Exp: $5400.0, Landscape Exp: $1200.0, Maint Exp: $4800.0, Mgmt Exp: $7890.0, Wtr/Swr Exp: $8400.0

Property Type: RI

Year Built: 1960

Status: Active

Owner Pays: Trash Collection, Water, Sewer, Landscaping

Lot Features: Other, See Remarks, Barbecue, Community Pool

Tax Year: 2024

Tax Amount: $0

New Financing: Cash, Conventional5, Seller May Carry, 1031 Exchange2, Other (See Remarks)52

Income & Expenses: Gross Annual Sch Inc: $272000.0, Other Income: $3000.0, Vacancy Allowance: $0.03, Adjusted Gross Inc: $266750.0, Totl Mnth Rntal Inc: $22667.0, Net Operating Income: $228950.0

$ per month
Year Fixed. % Interest Rate.

Principal + Interest:	$
Monthly Tax:	$
Monthly Insurance:	$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The listing broker?s offer of compensation is made only to participants of the MLS where the listing is filed.
Indicates a property listed by a real estate brokerage other than iHomefinder, Inc.

ARMLS - Arizona data last updated at May 7, 2025, 4:06 PM MST

Apartments Sold

1424 S STANLEY PLACE, TEMPE, AZ 85281

1424 S STANLEY Place
Tempe, AZ 85281

$3,500,000

Property Features

Apartments Sold

Apartments Sold

1424 S STANLEY Place Tempe, AZ 85281

$3,500,000

Property Features

Apartments Sold

1424 S STANLEY Place
Tempe, AZ 85281