1432 S STANLEY Place, Tempe, AZ 85281

$700,000 Asking Price

4 beds
2 baths
2,450  sqft
Built in 1960

Strong cash flow with this AZ OZ single-family on the doorstep to ASU, the 5th largest university in the US. Student-housing with $4000/month rent. Tenants pay all utilities, including water/sewer. Lease expiration 7/28/2025. Huge 2450 sf 5 bed/2 bath single-level house with newer pool in the backyard. 6+ CAP with low owner expenses. Available individually or as part of a package of 15 units (MLS 6851166). Seller financing is available. Value-add opportunity offered for well-under $300/sf.

Features & Amenities

Interior

General:
See Remarks, Eat-in Kitchen, 3/4 Bath Master Bdrm
Laundry:
Wshr/Dry HookUp Only
Flooring:
Tile
A/C:
Central Air, Window/Wall Unit
Heating:
Natural Gas
Fireplace:
1 Fireplace, Family Room, Fireplace

Exterior

General:
Other, Storage
Style:
Ranch
Pool:
Fenced, Private
Parking:
Unassigned

Construction

Roofing:
Composition
General:
Painted, Block

Location

HOA Amenities:
No Fees
Originating MLS:
Arizona Regional Multiple Listing Service 2
School District:
Tempe School District
County:
Maricopa

Lot

Zoning:
13309068
Fencing:
Block, Partial

Utilities

Water:
City Water
Sewer:
Sewer in & Cnctd, Public Sewer

Financial

Source:
Arizona Regional Multiple Listing Service 2

This listing courtesy of:
Better Homes & Gardens Real Estate SJ Fowler, James C Stephens

About Tempe, AZ

Housing

Number of Units
86,533
Median Home Value
$306,073
Median Rent
$1,139

61.06% of housing units are renter occupied.

8.05% are vacant.

Commute

Car
59.79%
Public Transportation
3.04%
Walk to Work
3.96%
Work from Home
28.51%
Other
1.42%

The median travel time to work is 16 minutes.

People

Population
190,328
Median Age
32.80
Median Household Size
2.47

Education

High School
15.36%
Associate’s Degree
7.06%
Bachelor’s Degree
26.67%
Graduate Degree
19.70%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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