$799,000
Tempe, AZ 85281
MLS# 6919097
1 / 25
Property Description
INVESTOR ALERT! Seize this rare, high-cash-flow opportunity in University Heights, Tempe's premier student housing corridor adjacent to Arizona State University (ASU). This is a strategic Legal Duplex designed for maximum rental yield, offering two distinct income streams: a 1,200 sq ft, 3-bedroom, 1-bath main house, and a brand-new, detached 850 sq ft ADU. This property is not just a rental; it is a meticulously designed income machine with an above average cap rate near 8%. Ideal for a dedicated student housing portfolio, flexible long-term rentals, or a savvy owner-occupant seeking substantial passive income.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $799,000
List Price: $799,000
Status: Active
List Date: 2025-09-08
Location, Tax & Legal
Assessor's Map #: 62
Legal Description (Abbrev): LOT 40 TOMLINSON ESTATES MCR 004736
Assessor's Parcel #: 50
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319103
Taxes: 840
Legal: LOT 40 TOMLINSON ESTATES MCR 004736
Marketing Name: TOMLINSON ESTATES
House Number: 1324
Compass: E
Street Name: HALL
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 4319
County Code: Maricopa
Subdivision: TOMLINSON ESTATES
Assessor Number: 132-62-050
Tax Year: 2024
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 117.45 x 62.43
Flood Zone: No
Total # of Units: 2
High School District: Tempe Union High School District
High School: Tempe High School
Year Built: 1951
Zoning: SFR
Legal Info
Range: 4E
Section: 23
Township: 1N
Lot Number: 40
Project Type
Duplex: 1
Other Type
House + Rental Units: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Cement Siding: 1
Stucco: 1
Other (See Remarks): 1
Roofing
Composition: 1
Built-Up: 1
Floors
Concrete: 1
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 840
Other Income: 0
Vacancy Allowance: 0.01
Adjusted Gross Inc: 59400
Total Monthly Rental Income: 59000
Pmt & Rate Info
Cap Rate: 7.51
Down Payment: 175800
Equity: 799000
Down Payment %: 20
Monthly Payments: 100
Total Owed: 0
Payment Includes
Taxes: 1
Mrtg Ins (Incl PMI): 1
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Supra: 1
Community Features
No Pool: 1
Heating
Ceiling: 1
Electric: 1
Natural Gas: 1
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Separate Storage: 1
Interior Features
Fire/Smoke Alarm(s): 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Appliances Included
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
On Street: 1
Add'l Parking Avail: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
None: 1
New Financing
Cash: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Affordable Housing: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Boundary Survey Avlb: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 2500
Avg SqFt: 950
# Baths: 15
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Chief Jones Way
Directions: Apache, N on Chief Jones Way, W on E Hall st
Geo Lat: 33.416367
Geo Lon: -111.916129
Income Expenses
Gross Annual Sch Inc: 60000
Net Operating Income: 60000
Property Features
Project Type: Duplex
Other Type: House + Rental Units
Construction: Block; Wood Frame
Const - Finish: Cement Siding; Stucco; Other (See Remarks)
Roofing: Composition; Built-Up
Floors: Concrete; Vinyl
Sale Includes: Land & Building
Payment Includes: Taxes; Mrtg Ins (Incl PMI)
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced; Separate Storage
Interior Features: Fire/Smoke Alarm(s)
Appliances Included: Built-In Range; Refrigerator; Disposal; Microwave; W/D Hookup
Heating: Ceiling; Natural Gas; Central
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Carport; On Street; Add'l Parking Avail
Road Surface Type: Asphalt; Concrete
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra
New Financing: Cash; FHA; Conventional; 1031 Exchange; Affordable Housing
Environmental: None
Listing Office: The BrokerEDGE
Last Updated: December - 16 - 2025
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