$7,850,000
109 E BROADWAY Road OFC
Tempe, AZ 85282
MLS# 6119305
Status: Closed
66 beds  |  66 baths
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Property Description
Unit Features: • Faux Wood-Plank Vinyl Flooring • Contemporary Cabinetry with Brushed Nickel Hardware • Gourmet Kitchens with Full Size Appliances, Including Dishwashers and Built-In Microwaves • Stainless Steel Sinks with Brushed Nickel Faucets • Modern Bathroom Vanities and Low-Flow Toilets • In-Suite Washer/Dryers • Premium Light Fixtures • Vertical Blinds • Sand-Blasted Block Interior Walls* *Select Units Community Amenities: • Large Central Courtyard with Sparkling Swimming Pool • On-Site Leasing Office with Security Access • Outdoor Bike Storage • Assigned Covered Parking Spaces • Smooth Stucco Facade with Two Toned Paint and Trim • Controlled Access Gates • Dual-Pane Windows • Upgraded Common Area and Walkway Lighting • Barbecue Area and Dog Run

Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $7,850,000
Sold Price: $7,850,000
Status: Closed
List Date: 2020-08-18
Location, Tax & Legal
Unit #: OFC
Assessor's Map #: 23
Legal Description (Abbrev): TEMPE ACRES MCR 30-21 PT LOT 4 N 59F OF W 114.4F OF E 228.8F & N 24F OF W 73.2F OF E 302F & W 20F OF
Assessor's Parcel #: 23
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 319600
Taxes: 15905
Legal: TEMPE ACRES MCR 30-21 PT LOT 4 N 59F OF W 114.4F OF E 228.8F & N 24F OF W 73.2F OF E 302F & W 20F OF
Marketing Name: Decco 109
Map Code/Grid: R37
House Number: 109
Compass: E
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 1300
Country: US
County Code: Maricopa
Subdivision: TEMPE ACRES
Assessor Number: 133-23-023-A
Tax Year: 2019
General Property Description
# of Buildings: 4
Uncvrd Parking Spcs: 20
Lot Size Dimensions: 40,233
Total # of Units: 40
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Year Built: 1964
Zoning: R-4
Legal Info
Range: 4E
Section: 27
Township: 1N
Lot Number: 4
Project Type
25 - 50 Units: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 14
Avg Rent: 0
Avg SqFt: 650
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 26
Avg Rent: 0
Avg SqFt: 850
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Structure
Bedrooms Total: 66
Bathrooms Total: 66
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Built-Up: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 15905
Other Income: 535800
Vacancy Allowance: 0
Adjusted Gross Inc: 535800
Pmt & Rate Info
Cap Rate: 5.1
Equity: 8000000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
Pool: 1
Barbecue: 1
Heating
Electric: 1
Cooling
Central Air: 1
Exterior Amenities
Other (See Remarks): 1
Interior Features
Other (See Remarks): 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Other (See Remarks): 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
Individual Meter: 1
Gas
Master Meter: 1
Owner Pays
See Remarks: 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
None: 1
Environmental
None: 1
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Geo Lat: 33.406702
Geo Lon: -111.937833
Status Change Info
Off Market Date: 2020-10-06
Under Contract Date: 2020-10-06
Close of Escrow Date: 2021-01-14
Sold Price: $7,850,000
Income Expenses
Net Operating Income: 407820
Property Features
Project Type: 25 - 50 Units
Construction: Block
Const - Finish: Painted
Roofing: Built-Up
Floors: Vinyl
Sale Includes: Land & Building
Community Features: Pool; Barbecue
Exterior Amenities: Other (See Remarks)
Interior Features: Other (See Remarks)
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Central Air
Water Source: Master Meter
Sewer: Sewer - Public
Electric: Individual Meter
Gas: Master Meter
Parking Features: 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Other (See Remarks)
Environmental: None
IDX
Listing Office: CBRE, Inc

Office Phone: 602-735-5603

Office Email: cathy.teeter@cbre.com

Last Updated: January - 15 - 2021

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