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Sold on 03/30/2024
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  • Other
  • Kitchen
  • Bath
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1978 E Don Carlos Ave, Tempe, AZ 85281

  • $900,000

    Last sold 03/30/2024 after 40 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
11 homes bought nearby with Movoto recently

About 1978 E Don Carlos Ave

Property type Multi-family
Neighborhood
Year built 1974
HOA fee $0/month
Property description
Discover an exceptional investment opportunity with this fully renovated 4plex in the heart of Tempe, Arizona. This turnkey property boasts a consistent rental history, featuring four fully occupied two-bedroom, one-bath units. Three of the units were extensively renovated in 2018, showcasing modern maple cabinetry, elegant quartz countertops, stainless steel appliances, contemporary fixtures, new sinks, upgraded flooring, and fresh paint throughout. Unit D received a complete makeover in 2023, with sleek white shaker cabinetry, quartz countertops, brand-new stainless steel appliances, fully updated bathrooms, and chic wood-tile flooring. The exterior has been enhanced with a fresh coat of paint in 2023, and the parking lot has been redone, ensuring a well-maintained appearance. Situated in a desirable area of Tempe, this fourplex is conveniently located near shopping, dining, and entertainment options. Its proximity to Arizona State University (ASU) makes it an attractive choice for students and faculty, ensuring a consistent demand for rental units. ** each unit is individually metered!
Listed by
Listing Agent - Shelby K DiBiase
Listing Office - eXp Realty
Source: ARMLS mls logo
MLS#6665930 • last updated 1 year ago
Movoto checked ARMLS for data 9 minutes ago
Overview
Cooling/AC Central Air
Heating Electric
MLS # 6665930
Type Multiple Dwellings
Status Closed
Property Tax 1977
Year Built 1974
Interior
Flooring Ceramic Tile
Appliances Free-Standing Range, Disposal, Refrigerator, Washer/Dryer
Exterior
Roof Composition
Construction Painted, Brick
Parking 1 Space/Unit
# of Open Parking Spaces 6
Amenities / Utilities
Water Source Individual Meter
Sewer/Septic Public Sewer
Location
Subdivision RANCHO EL DORADO 1-26, 36-44
Community Features No Pool
Elementary School District Tempe Elementary School District
High School District Tempe Union High School District
APN 132-67-039-C
Zoning R-4
Multifamily Details
Total # of Units 4
Expense: Operating 9390
Financial Data Source Owner
Expense: Maintenance 2200
Vacancy Allowance 0.05
Expense: Insurance 800
Net Operating Income 41128
Gross Income 55746
Expense: Professional Management 3613
Gross Scheduled Income 58680
We are not permitted to show value estimates for this property.
  • Mar 2024
    mls logo MLS # 6665930
  • Mar 30, 2024 Sold
    $900,000 (+0.6%)
  • Mar 3, 2024 Active
    —
  • Feb 19, 2024 Listed
    $895,000 (+47.4%)
  • May 2019
    mls logo MLS # 5874422
  • May 1, 2019 Sold
    $607,000 (-8.0%)
  • Jan 28, 2019 Listed
    $660,000 (+312.5%)
  • Sep 2013
    mls logo MLS # 4971503
  • Sep 27, 2013 Sold
    $160,000 (-19.6%)
  • Jul 15, 2013 Listed
    $199,000
  • 1978 E Don Carlos Ave
    $900K
  • Apache
    $359K -2% y/y
  • 85281
    $449K -8% y/y
  • Tempe
    $480K -4% y/y
No chart available
Statistics calculated by Movoto

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2/10
Thew Elementary School
public Grades PK, K-5
Tempe School District
4/10
Connolly Middle School
public Grades 6-8
Tempe School District
5/10
McClintock High School
public Grades 9-12
Tempe Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • AZ
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  • 1978 E Don Carlos Ave
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