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1214 S Farmer Ave
Tempe, AZ 85281
Multifamily Property For Sale
·
7 Units
Investment Highlights
- 100% occupied seven-unit investment opportunity
- Minutes from Arizona State University
- Workforce housing asset with R-3 zoning
- Strong demand in the Tempe rental market
Executive Summary
1214 S Farmer Avenue presents an opportunity to acquire a fully occupied seven-unit multifamily property in the highly desirable Tempe submarket. Originally
constructed in 1947/1958, the property features a unit mix of six one-bedroom/one-bath units and one studio unit, offering stable cash flow supported by
consistent workforce and student housing demand.
Zoned R-3, the property is ideally positioned near Arizona State University, Downtown Tempe, Tempe Town Lake, and several of the region's largest employment
centers. Residents benefit from convenient access to Loop 202, Loop 101, Interstate 10, and Phoenix Sky Harbor International Airport, providing connectivity
throughout the Phoenix metropolitan area.
Offered at $1,395,000 ($199,285/unit), 1214 S Farmer Avenue provides investors the opportunity to acquire a stabilized multifamily asset in one of Metro
Phoenix's most supply-constrained and rapidly appreciating rental markets, supported by strong population growth, a diverse employment base, and continued
investment throughout the Tempe area.
constructed in 1947/1958, the property features a unit mix of six one-bedroom/one-bath units and one studio unit, offering stable cash flow supported by
consistent workforce and student housing demand.
Zoned R-3, the property is ideally positioned near Arizona State University, Downtown Tempe, Tempe Town Lake, and several of the region's largest employment
centers. Residents benefit from convenient access to Loop 202, Loop 101, Interstate 10, and Phoenix Sky Harbor International Airport, providing connectivity
throughout the Phoenix metropolitan area.
Offered at $1,395,000 ($199,285/unit), 1214 S Farmer Avenue provides investors the opportunity to acquire a stabilized multifamily asset in one of Metro
Phoenix's most supply-constrained and rapidly appreciating rental markets, supported by strong population growth, a diverse employment base, and continued
investment throughout the Tempe area.
Property Facts
| Price Per Unit | $274,803 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 4,272 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1958 |
| Apartment Style | Garden | Parking Ratio | 1.64/1,000 SF |
| Building Class | C | ||
| Zoning | M-H - R-3 | ||
| Price Per Unit | $274,803 CAD |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 4,272 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1958 |
| Parking Ratio | 1.64/1,000 SF |
| Zoning | M-H - R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 687 |
| Studios | 1 | - | 150 |
Property Taxes
| Parcel Number | 124-70-025 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $25,861 CAD |
Property Taxes
Parcel Number
124-70-025
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$25,861 CAD
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