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1440 S Stanley Place

Tempe, AZ 85281
  • $1,175,000
  • STATUS: Active
  • ID#: 6855620
Price Reduced
UPDATED: 47 min ago
$1,175,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:
Area:

School Ratings & Info

Description

Prime dirt location on the doorstep to ASU, the 5th largest university in the US. This six unit complex has a lot to offer. All 1 bedroom unit mix with $1398 rents & a 7/28/2025 lease exp. Located in an opportunity zone with 1000's of new units in process. Mid 6 CAP with room to raise rents. Student housing. Very low expenses w/ separate, tenant-paid electric/gas. Available individually or as part of a package of 15 units (see MLS 6851166). Value-add. Long-term, local-owner that has self-managed. Seller financing may be available, but buyer to a large down into the deal. Expenses are actual & estimated.

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Arizona Regional MLS logo© 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty Company. Data last updated 2025-05-21T20:15:27.67.
www.arizonahomesearch.com/homes/162867117
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1440 S Stanley Place Tempe, AZ 85281

  • Price: $1,175,000
  • Status: Active
  • On Site: Days
  • Updated: 47 min ago
  • ID#: 6855620
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1960
Built
Neighborhood:
Stanley Plat
County:
Maricopa
Area:
Tempe
Property Description
Prime dirt location on the doorstep to ASU, the 5th largest university in the US. This six unit complex has a lot to offer. All 1 bedroom unit mix with $1398 rents & a 7/28/2025 lease exp. Located in an opportunity zone with 1000's of new units in process. Mid 6 CAP with room to raise rents. Student housing. Very low expenses w/ separate, tenant-paid electric/gas. Available individually or as part of a package of 15 units (see MLS 6851166). Value-add. Long-term, local-owner that has self-managed. Seller financing may be available, but buyer to a large down into the deal. Expenses are actual & estimated.
Exterior Features

Attached Garage YN No Construction Materials PaintedBlock Covered Spaces 0 Open Parking Spaces 8 Parking Features Free>1 Space Per Unit Road Surface Type AsphaltDedicated StreetSidewalk(s) Roof Composition

Interior Features

Cooling Window/Wall Unit Cooling YN Yes FSOven Range Yes Heating Natural GasFloor FurnaceWall Furnace Heating YN Yes Interior Features []

Property Features

Community Features OtherSee Remarks Current Financing Not Applicable Disclosures Seller Prop Disc Stm Flood Zone No Flooring OtherConcrete Gross Income 97453.96 Listing Terms Owner May CarryConventional Maintenance Expense 1900 Owner Pays Trash CollectionWaterCable TVLandscaping Ownership Fee Simple Sewer Sewer-In & ConnectedPublic Sewer Tax Annual Amount 2278 Tax Year 2024 Water Source Master MeterCity Franchise Zoning R4

Arizona Regional MLS logo Listing provided by Better Homes & Gardens Real Estate SJ Fowler: .


Arizona Regional MLS logo© 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty Company. Data last updated 2025-05-21T20:15:27.67.
 
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Long Realty Company
4051 E. Sunrise Dr, Suite 101
Tucson AZ, 85718