1145 W SOUTHERN Avenue, Tempe, AZ 85282
$930,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$930,000
List Date:
7/11/2025
Last Modified:
4/07/2026
Overview
Description
Supplements: ... (Read more) Situated on a nearly 11,000 sq ft lot--one of the largest among neighboring 4-plexes-- this property offers gigantic long-term potential, whether held for cash flow, repositioned for higher rents, or leveraged for future redevelopment. Rare scale, premier exposure, and turnkey condition in the heart of Tempe make this an extraordinary multifamily opportunity.
Listing Details MLS# 6888728
Location, Tax & Legal
- House Number
- 1145
- Compass
- W
- Street Name
- SOUTHERN
- St Suffix
- Avenue
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85282
- Zip4
- 4528
- County Code
- Maricopa
- Subdivision
- WESTWAY PARK
- Assessor Number
- 123-42-072
- Tax Year
- 2024
- Assessor's Map #
- 42
- Legal Description (Abbrev)
- WESTWAY PARK
- Assessor's Parcel #
- 72
- Add'l Parcels
- No
- Tax Municipality
- Tempe
- Census Tract
- 319705
- Taxes
- 2779
- Tax District
- T
- Legal
- WESTWAY PARK
- Marketing Name
- 1145 W Southern
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 13250
- Year Built
- 1970
- Uncvrd Parking Spcs
- 5
- Total # of Units
- 4
- # of Buildings
- Yes
- Zoning
- R-3R
- Flood Zone
- No
- Elementary School District
- Tempe School District
- High School District
- Tempe Union High School District
- High School
- Tempe High School
Remarks Misc
- Cross Street
- Southern & Priest
- Directions
- From Priest, east on Southern. Property located on the SE corner of Southern and S Shafer Dr.
Legal Info
- Lot Number
- 072
Income Expenses
- Gross Annual Sch Inc
- 61680
- Net Operating Income
- 58680
More Information
Showing Notification Methods
- Showing Service
- No Showing Service Used
2 Bedroom Units
- # 2 Bedroom Units
- 4
- Avg Rent
- 1360
- Avg SqFt
- 750
- # Baths
- 4
Project Type
- Four Plex
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Foam
- Yes
Floors
- Vinyl
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Maint Exp
- 3000
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Operating Exp
- 5779
- Other Income
- 0
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 58596
- Total Monthly Rental Income
- 5140
Pmt & Rate Info
- Cap Rate
- 6.28
- Equity
- 935000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Heat Pump
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Central Air
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
- Partially Fenced
- Yes
- Separate Storage
- Yes
Interior Features
- Fire/Smoke Alarm(s)
- Yes
- Mini Blinds
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Disposal
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Built-In Range
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- >1 Space Per Unit
- Yes
- Paved
- Yes
- Add'l Parking Avail
- Yes
- Assigned
- Yes
Electric
- SRP
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Cash
- Yes
- VA
- Yes
- Conventional
- Yes
- FHA
- Yes
- 1031 Exchange
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
Four Plex
Construction:
Block
Const - Finish:
Painted
Roofing:
Foam
Floors:
Vinyl; Carpet
Sale Includes:
Land & Building
Community Features:
No Pool
Exterior Amenities:
Desert Landscaping; Partially Fenced; Separate Storage
Interior Features:
Fire/Smoke Alarm(s); Mini Blinds
Appliances Included:
Built-In Range; Refrigerator; Disposal; Microwave; Washer/Dryer
Heating:
Heat Pump
Cooling:
Ceiling Fan(s); Central Air
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP
Gas:
None
Parking Features:
Carport; >1 Space Per Unit; Add'l Parking Avail; Assigned; Paved
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; Landscaping
Tenant Pays:
Electricity; Cable TV
Source of Fincl Data:
Owner
Lockbox Type:
None
New Financing:
Cash; VA; FHA; Conventional; 1031 Exchange
Environmental:
None
Listing Office:
Citiea
Last Updated: April - 07 - 2026
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