515 W 2nd Street, Tempe, AZ 85281

$675,000

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Sold Price
$675,000
List Price
$675,000
Status
CLOSED
Days on Market
11
Closing Date
Oct 11, 2024
MLS#
6748206
Subtype
Multiple Dwellings
Year Built
1955
Subdivision
State Plat No 12 Amd

Property Description

Charming 3-Unit Property in Downtown Tempe Prime Location: Nestled on a secluded street near Mill Avenue, this property offers the perfect blend of tranquility and urban convenience. Investment Opportunity: Situated in the heart of Downtown Tempe, this 3-unit property is a stone's throw away from Tempe Town Lake, the Light Rail Station, and the Trolley Car. Enjoy the vibrant activities of Downtown Tempe and the bustling Arizona State University campus. Property Features: Three One-Bedroom Units: Each unit boasts a ranch-style layout with upgraded kitchens, two skylights, and individual washers and dryers. Modern Amenities: Equipped with tankless water heaters, a new roof 8/24, and new air conditioning units 8/24. Long-Term Tenants: Residents typically stay for over five years, but the current one-year leases allow for a month-to-month option, making it ideal for an owner-occupant. Additional Opportunity: This property can be purchased together with the identical triplex next door at 509 West 2nd Street, creating a 6-unit package. Don't miss out on this unique investment opportunity in one of Tempe's most sought-after locations! Ready for FHA owner occupant, Seller willing to assist/negotiate with buyer closing cost.

Additional Information

Taxes
$1,353
Zoning
Industrial
Flooring
Ceramic Tile
Heating
Heat Pump
Air Conditioning
Central Air
Exterior Construction
Block, Painted
Parking Features
>1 Space Per Unit
Elementary School
Scales Technology Academy
Middle School
Connolly Middle School

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Jared A English (888-881-4118) from Listing Office: Congress Realty, Inc..

Selling Office: RE Options.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.