1421 S Rita Ln

Tempe, AZ 85281 View Map $850,000 Ask a Question
Sold On5/16/2024
Year1959
The Dave Z Home Team

The Dave Z Home Team

(480) 442-7577

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Status: Sold
Property Type:Duplex
MLS #:6500596
Date Sold:5/16/2024
County:Maricopa
This property is master lease for 3 years w/Tenant paying all expenses. Great value with an excellent location for this remodeled Tempe Duplex. Close proximity to ASU and university transportation. Property features two spacious 1 bedroom, 1 bathroom units, both with a one car carport and slab parking, large private block fenced backyards in a quiet low traffic neighborhood. New flooring, tile tub/ shower surrounds, new vanities and cabinets, quartz countertops, dual pane windows, fixtures, stainless steel appliances and NEW underground pipes. Ample storage throughout, extended length carport and low maintenance landscaping.. Buyer to verify all Facts and Figures. Drive by only as this is occupied.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
11/14/2023$875,000$865,000-1.1%
5/16/2024$865,000$850,000-1.7%

Community Information

Address:1421 S Rita Ln, Tempe, AZ 85281
County:Maricopa
City:Tempe
School District:Tempe Elementary School District
Township:1N
Subdivision:Halsingborg
Zip Code:85281

Architecture

Year Built:1959
Construction Materials: Painted, Stucco, Block
Roof: Composition
Covered Spaces: 2.0
Open Parking Spaces: 2.0
Parking Features: Paved Parking, Free, >1 Space Per Unit, Common
Parking Total: 4

Features / Amenities

Appliances: F/S Oven/Range, Microwave, Washer/Dryer
Flooring: Vinyl
Horses: No
Cooling: Heat Pump, Ceiling Fan(s)
Heating: Individual, Heat Pump

Property Features

Lot Dimensions:Irr
Electric: APS, Individual Meter
Sewer: Sewer-In & Connected, Public Sewer
Water: City Franchise, Master Meter
Electric: APS, Individual Meter
Road Surface: Asphalt
Zoning:R-4
Directions:Turn East on Spence to Rita.
Turn South on Rita
Property is on the left

Tax and Financial Info

Buyer Agency Compensation Type: %
Tax Year: 2023
Tax Annual Amount: $1,198
Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV, Landscaping
Listing Terms: No Carry, Conventional
Insurance Expense: $2,221
Gross Income: $44,712
Net Income: $41,293
Buyer Agency Compensation: 3.00
Documents Available: A lead-based hazard disclosure
Disclosures: Other (See Remarks), Seller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop
Legal Description: HALSINGBORG TR A N 72.5' O

Schools

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Listing Information Last Updated 6/25/2024
Listing provided courtesy of Gerchick Real Estate.
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