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Sold on 11/06/2014

1228 W 4th St, Tempe, AZ 85281

$1,450,000

Last sold 11/06/2014 after 295 Days

  • 21

    bed

  • 19

    bath

Multi-family not for sale
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About 1228 W 4th St

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Property description
Sale of this property includes APN 124-28-001D and 124-28-001F. Property consists of 6 buildings with a total of 28 units located in a great Tempe location. Property is close to ASU, shopping, freeways, airport and entertainment. Sparkling pool onsite! Don't miss out on this fantastic investment opportunity!
Listed by
Listing Agent - Christina Palermo
Listing Office - Keller Williams Arizona Realty
Source: ARMLS mls logo
MLS#5054570 • last updated 1 year ago
Movoto checked ARMLS for data 11 minutes ago
Overview
Cooling/AC Electric
Heating Electric
MLS # 5054570
Type Multiple Dwellings
Status Closed
Property Tax 6337.08
Year Built 1963
Interior
Flooring Vinyl
Appliances Free-Standing Range, Dishwasher, Refrigerator, Microwave
Exterior
Roof Composition
Construction Painted, Block
Parking 1 Space/Unit
# of Open Parking Spaces 28
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features Pool
Elementary School Broadmor Elementary School
Elementary School District Tempe Elementary School District
Middle School McKemy Middle School
High School District Tempe Union High School District
High School Tempe Academy Of International Studies McKemy Campus
APN 124-28-001-B
Zoning R3
Multifamily Details
Total # of Units 28
Expense: Operating 76513.08
Financial Data Source Owner
Expense: Maintenance 19600
Vacancy Allowance 0.02
Expense: Insurance 3500
Net Operating Income 94158
Gross Income 170906.12
Expense: Other 29000
Expense: Professional Management 16576
Gross Scheduled Income 174394
We are not permitted to show value estimates for this property.
  • Jun 2016
    Public Records
  • Jun 24, 2016 Sold
    $1,800,000
  • Jun 2016
    mls logo MLS # 5405692
  • Jun 21, 2016 Sold
    $1,800,000 (-10.0%)
  • Feb 29, 2016 Listed
    $1,999,000 (+37.9%)
  • Nov 2014
    mls logo MLS # 5054570
  • Nov 6, 2014 Sold
    $1,450,000
  • Jan 15, 2014 Listed
    $1,495,000 (+12.4%)
  • Nov 2014
    Public Records
  • Nov 4, 2014 Sold
    $1,450,000 (-3.0%)
  • Jul 2004
    Public Records
  • Jul 30, 2004 Sold
    $1,330,000
  • Year Property taxes Tax assessment
  • 2024
    $14,051 +1.2%
    $385,620
  • 2023
    $13,882 +4.3%
    $385,620 +43.2%
  • 2022
    $13,316 -0.7%
    $269,280 +4.56%
  • 2021
    $13,408 +3.1%
    $257,530
  • 2020
    $13,001
    $257,530
  • 1228 W 4th St
    $1.45M
  • Downtown Tempe - Rio Salado
    $461K -7% y/y
  • 85281
    $429K -10% y/y
  • Tempe
    $490K -1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Scales Technology Academy
public Grades PK, K-5
Tempe School District
2/10
Geneva Epps Mosley Middle School
public Grades 6-8
Tempe School District
4/10
Tempe High School
public Grades 9-12
Tempe Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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