Tempe, AZ 85281,1440 S STANLEY Place
Tempe, AZ 85281,1440 S STANLEY Place
Tempe, AZ 85281,1440 S STANLEY Place
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$1,200,000
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1440 S STANLEY Place Tempe, AZ 85281

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Stanley Plat

MLS Listing ID 6855620

Maintenance Fees $1,900

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1960

Annual Tax Amount $2,278

Tax Year 2024

Lot Dimensions 10000 sf

Property Description

Prime dirt location on the doorstep to ASU, the 5th largest university in the US. All 1 bedroom unit mix with $1398 rents & a 7/28/2025 lease exp.
Located in an opportunity zone with 1000's of new units in process. Stabilized 6+ CAP with room to raise rents. Student housing. Very low expenses w/ separate, tenant-paid electric/gas. Available individually or as part of a package of 15 units (see MLS 6851166). Value-add. Long-term, local-owner that has self-managed. Seller financing possible.
Expenses are actual & estimated.

Location

State AZ

County Maricopa

Community Stanley Plat

Zoning R4

Direction Cul-de-sac, enter from Apache.

Interior

Heating Natural Gas, Floor Furnace, Wall Furnace

Cooling Window/Wall Unit

Flooring Other, Concrete

Appliance Free-Standing Range, Refrigerator

Exterior

Parking Features Free, >1 Space Per Unit

Community Features Other, See Remarks

Roof Type Composition

Total Parking Spaces 8

Building

Sewer Sewer-In & Connected, Public Sewer

Water Master Meter, City Franchise

New Construction No

Schools

School District Tempe Union High School District

Others

Senior Community No

Tax ID 133-09-072

Acceptable Financing Conventional, Owner May Carry

Listing Terms Conventional, Owner May Carry


Arizona Regional MLS (ARMLS)
Listed by Better Homes & Gardens Real Estate SJ Fowler

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agent

Cheri Sledd

Agent | License ID: 706644000

+1(602) 324-7070

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1440 S STANLEY Place