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1202 S ROOSEVELT Street #50 Tempe, AZ 85281
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Key Details
Sold Price $700,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision State College Homes Annex Lots 50-54
MLS Listing ID 6379140
Sold Date 06/01/22
HOA Y/N No
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Annual Tax Amount $1,796
Tax Year 2021
Lot Size 9,872 Sqft
Acres 0.23
Lot Dimensions each lot 63 x 79
Property Description
TWO R-2 multi-family zoned lots corner near DWTWN Tempe/ASU. Recent lot split application allows for TWO homes each w/TWO UNITS per home - 2,200 sq.ft. main home w/800 sq. ft. rental above 2-car garage. (When you build 2 new houses you end up w/ four units total on 2 adjacent lots) 1 of the new homes will face Roosevelt the other 12th Street. Purchase includes shovel ready architectural/engineered building plan approved by the city. You are not required to use our plans but the lot purchase price reflects the cost of the architect, engineer and survey. New homeowner can offset mortgage w/ unit over the garage. Add a basement to these plans and you have three levels. Very desirable ASU neighborhood w/ new homes on each corner of 12th/Roosevelt.
Location
State AZ
County Maricopa
Community State College Homes Annex Lots 50-54
Zoning R2
Direction South to 13th street West on 13th street to Roosevelt. North to property
Exterior
Waterfront No
Building
Lot Description Corner Lot
Sewer On Property, Septic Tank
Water City Franchise
Schools
Elementary Schools Broadmor Elementary School
Middle Schools Mckemy Middle School
High Schools Tempe High School
Others
Senior Community No
Tax ID 124-70-140
Acceptable Financing 1031 Exchange, CTL, Conventional
Horse Property N
Listing Terms 1031 Exchange, CTL, Conventional
Financing Conventional
Special Listing Condition Owner/Agent
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