New Construction
Address
914 S KENWOOD Circle, Tempe, AZ
Price
$ 1,200,000
Property Attributes
- MLS#6708960
- TypeMulti-Family
- CountyMARICOPA
- CityTempe
- NeighborhoodMALARAN PARK 2
- Zip85281
- StyleMultiple Dwellings
- Year Built1962
- Taxes$ 1578
- Price$ 1,200,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description
A short bike ride from the Tempe ASU campus, 914 S Kenwood is a perfect Air BNB, mid term / executive rental, or just an easy long term rental property. This fully furnished 4 plex has been EXTENSIVELY renovated. EVERYTHING has been redone. The roof, AC units, underground plumbing, electrical, framing, drywall, all interior finishes, landscape, there isn't an inch of this property that hasn't been updated. All four units have 1 bedroom and 1 bathroom, as well as in unit laundry, quartz counters, modern cabinetry, dishwasher, all stainless steel appliances, wood plank style tile flooring, exterior storage closets for each unit, and are completely furnished and ready for guests. All you need to do is list them and collect income. Tempe is in extremely high demand for both long & short term rentals throughout the year. Situated at the back of a cul-de-sac, this property includes a large covered parking area in the rear with plenty of parking in the front as well. The front yard and side yards all have turf, making this an extremely low maintenance investment. This property is almost completely new construction and is turn key ready to operate.
| Price History | |
|---|---|
| 5/22/2024 | Listed $1,200,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Electric |
| Cooling | Electric,Ceiling Fan(s) |
| Roof | Foam |
| Zoning | R-3 |
| Construction Materials | Painted,Block,Brick |
| Year Built | 1962 |
| Electric | SRP |
| Tenant Pays | Trash Collection,Electricity,Water,Sewer,Cable TV |
| Township | 1N |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Gross Income | 68400.0 |
| OwnerPays | Electricity,Trash Collection,Water,Sewer |
| Community Features | No Pool |
| County | Maricopa |
| Net Operating Income | 65422.0 |
| Operating Expense | 5378.0 |
| Insurance Expense | 1400.0 |
| Property Type | Multiple Dwellings |
| Attached Garage | No |
| Subdivision Name | MALARAN PARK 2 |
| Garage Y/N | No |
| Status | Active |
| City | Tempe |
| Buyer Agent Compensation | 2.50 |
| Disclosures | None |
| View Y/N | No |
| High School District | Tempe Union High School District |
| Open Parking Spaces | 0.0 |
| NumberOfUnitsTotal | 4 |
| Lot Size Square Feet | 0.0 |
| Carport Y/N | No |
| Street Name | KENWOOD |
| Tax Annual Amount | 1578.0 |
| Water Sewer Expense | 2400.0 |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 14 |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Elementary School District | Tempe Elementary School District |
| Tax Lot | 8 |
| Cap Rate | 5.45 |
| MobileHomeRemainsYN | No |
| Buyer Agent Compensation Type | % |
| New_sp_Financing_co_Conventional5 | True |
| Ownership | Fee Simple |
| Senior Community | No |
| New Financing | True |
Interior Features
| Flooring | Ceramic Tile |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Street Suffix | Circle |
| Electric On Property Y/N | No |
Exterior Features
| Parking Features | Assigned,Street Parking,Common |
|---|---|
| Water Source | City Franchise |
| Total Parking | 4.0 |
| Lot Size Area | 0.0 |
| Number of Buildings | 1 |
| Spa | No |
| Lot Dimensions | 7,797 SQFT |
| Lot Size Acres | 0.0 |
| Road Surface Type | Gravel,Asphalt,Alley |
| Covered Spaces | 4.0 |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 85281
Price
Taxes
Visits
Year Built
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