About 1218 S Farmer Avenue
Exceptional investment opportunity in this well-maintained 9-unit multifamily property! Conveniently located in a desirable, high-demand rental area of Tempe, ASU. This 9-plex features 8-1bedroom units and 1- studio with strong rental history and low vacancy. Each unit offers functional layouts, and 15 dedicated parking. All units have been tastefully updated attracting quality long-term tenants. The property sits on a generous lot with potential for future development (buyer to verify). On-site laundry, separate utility meters, This is a turnkey addition to any investor's portfolio. Easy access to transit, ASU, shopping, and major employment centers. Whether you're a seasoned investor or entering the multifamily market, this is a rare chance to acquire a stable, cash-flowing asset.
Features of 1218 S Farmer Avenue
| MLS® # | 6919748 |
|---|---|
| Price | $1,675,000 |
| Acres | 0.00 |
| Year Built | 1960 |
| Type | Multiple Dwellings |
| Status | Active |
Community Information
| Address | 1218 S Farmer Avenue |
|---|---|
| Subdivision | STATE COLLEGE HOMES LOTS 41-48 |
| City | Tempe |
| County | Maricopa |
| State | AZ |
| Zip Code | 85281 |
Amenities
| Amenities / Community Features | Barbecue, Play Area, No Pool |
|---|---|
| Parking Spaces | 16 |
| Parking | Add'l Parking Avail, 1 Space/Unit, Carport |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave |
|---|---|
| Heating | Heat Pump, Electric |
| Cooling | Central Air, Ceiling Fan(s), Electric |
| Fireplace | No |
Exterior
| Roof | Composition |
|---|---|
| Construction | Wood Frame, Painted, Block |
School Information
| District | Tempe Union High School District |
|---|---|
| Elementary | Holdeman Elementary School |
| Middle | Geneva Epps Mosley Middle School |
| High | Tempe High School |
Additional Information
| Zoning | R-3 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Civic Center Real Estate |
|---|