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1827 E Lemon St
Tempe, AZ 85281
Alegre Apartments · Multifamily Property For Sale
·
24 Units
Investment Highlights
- The property consists of 24 multifamily units, primarily one-bedroom layouts.
- The asset features approximately 13,300 square feet of rentable space.
- The community offers (23) 1×1 units and (1) 2×1 unit for tenant flexibility.
- Originally constructed in 1961 and extensively renovated in 2024 for modern appeal.
- Each unit averages about 554 square feet, maximizing efficiency.
- The property sits on a 0.56-acre parcel, providing ample site area.
Executive Summary
David Harrington
License # CO701910000, BR715518000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
License # CO701910000, BR715518000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
Property Facts
| Price Per Unit | $220,126 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.75% | Lot Size | 0.56 AC |
| No. Units | 24 | Building Size | 12,460 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1961 |
| Zoning | R-4, Tempe | ||
| Price Per Unit | $220,126 CAD |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 12,460 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Zoning | R-4, Tempe |
Property Taxes
| Parcel Number | 132-66-038B | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $123,616 CAD |
Property Taxes
Parcel Number
132-66-038B
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$123,616 CAD
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