2205 S Mill Avenue, Tempe, AZ 85282
- $1,250,000
- Sold Price
- $1,250,000
- List Price
- $1,300,000
- Status
- CLOSED
- Days on Market
- 20
- Closing Date
- Sep 30, 2025
- MLS#
- 6910328
- Subtype
- Multiple Dwellings
- Year Built
- 1959
- Subdivision
- Tempe Estates
Property Description
2205-2211 S Mill Ave consists of an 8-unit apartment community and a 2,203 square foot building located in Tempe, AZ. The properties were originally constructed in 1959 (apartments) and 1974 (office) and sit on two separate lots measuring 10,064 each (20,128 sq. ft. total). They were previously master leased by a local non-profit organization at $17k/month on a NNN structure but are now currently vacant. Since the properties are separately parceled, they can be sold together as a portfolio or separately. 2205-2211 S Mill Ave presents an intriguing value-add opportunity, where new ownership can acquire either one or two well-located assets with significant upside through a similar master lease program or market rate tenants.
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Additional Information
- Taxes
- $5,059
- Zoning
- M-H
- Flooring
- Other, Carpet, Vinyl
- Heating
- Heat Pump, Electric
- Air Conditioning
- Ceiling Fan(s), Electric, Heat Pump
- Exterior Construction
- Painted, Block
- Parking Features
- Carport
- School District
- Tempe Union High School District
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Listing courtesy of Listing Agent: Bradley Skenderian (949-533-5594) from Listing Office: Matthews Real Estate Investment Services.
Selling Office: Matthews Real Estate Investment Services.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.