1433 S Stanley Place, Tempe

$2,990,000

0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

REI Marketing is pleased to offer for sale Springleaf Apartments, a centrally located, updated garden style apartment in Tempe, Arizona just a half mile from ASU and the bustle of Mill Avenue. Comprised of 22 units in a cul de sac location, the community was built in 1978 and renovated in 2019. All units are individually metered for electricity, have individual ground mounted HVAC's and individual water heaters. Springleaf offers 22 cookie cutter one bed/one bath units averaging 585 SF with a galley-style kitchen, full bathroom and living area. 20 units have been fully refreshed with new stainless steel appliances, updated fixtures and new flooring. Exterior improvements include updated gated pool, refreshed paint and roofs. Residents enjoy onsite laundry, gated community pool and sun deck. The project is close to the light rail delivering riders quickly to the Phoenix MSA. Construction has also begun on the Tempe Streetcar line, a $180 million dollar project slated for completion in 2020. Access to major freeways as well as an international airport are also just a short drive from the site. This property is a prime candidate for a new owner to continue renovation program with an exterior reposition strategy to achieve rent premiums in the strong Tempe market.

Essential Information
MLS® #5935196
Price$2,990,000
Year Built1978
TypeMulti-Family
Sub-Type13 - 24 Units
StatusActive
Community Information
Address1433 S Stanley Place
SubdivisionSTANLEY PLAT
CityTempe
CountyMaricopa
StateAZ
Zip Code85281
Amenities
AmenitiesPool(s)
Parking Spaces30
ParkingPaved Parking
Interior
Interior FeaturesUnfurnished, Breakfast Bar
HeatingIndividual
CoolingIndividual
Appliances

Refrigerator, F/S Oven/Range, Microwave

Exterior
Exterior FeaturesPartially Fenced
Lot Description30000 SF
RoofOther (See Remarks)
ConstructionBlock
District

003 - Tempe Elementary District

Additional Information
ZoningR4
Listing Details
OfficeREI Marketing
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Arizona Regional Multiple Listings Service Logo Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than RE/MAX Infinity​. Copyright 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on July 17th, 2019 at 8:17pm MST.

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