1440 S Stanley Place, Tempe, AZ 85281

Local realty services provided by:ERA Brokers Consolidated
1440 S Stanley Place,Tempe, AZ 85281
$1,175,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:james c stephens
Office:better homes & gardens real estate sj fowler
MLS#:6855620
Source:ARMLS

Price summary

  • Price:$1,175,000

About this home

Prime dirt location on the doorstep to ASU, the 5th largest university in the US. This six unit complex has a lot to offer. All 1 bedroom unit mix Now 100% vacant. Owner will deliver vacant or re-leased. 10% 2nd position carry or low LTV/market rate carry possible. Located in an opportunity zone with 1000's of new units in process. Very low expenses w/ separate, tenant-paid electric/gas. Available individually or as part of a package of 15 units (see MLS 6851166). Value-add. Long-term, local-owner that has self-managed. Close to a 7 CAP historical income performance.

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Home facts

  • Year built:1960
  • Listing Id #:6855620
  • Updated:August 19, 2025 at 03:01 PM

Heating and cooling

  • Cooling:Wall/Window Unit
  • Heating:Floor Furnace, Natural Gas, Wall Furnace

Structure and exterior

  • Year built:1960

Utilities

  • Water:City Franchise, Master Meter
  • Sewer:Sewer in & Connected

Finances and disclosures

  • Price:$1,175,000
  • Tax amount:$2,278 (2024)
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.