Listing Details:
Listing ID: 6855520
Updated: 7/14/2025 9:32am
| Status | Active/For Sale |
| Days On Market | 105 |
| Taxes | $1,539.00 |
| HOA | $0.00/******** |
| Type | N/A |
| Open Parking | 4 |
| Year Built | 1960 |
| Lot Size | 0.00 |
| County | Maricopa |
| Listed By | Better Homes & Gardens Real Estate SJ Fowler |
Description:
Prime dirt location on the doorstep to ASU, the 5th largest university in the US. Sought after four unit complex. All 1 bedroom unit mix with $1299 rents & a 7/28/2025 lease exp. Located in an opportunity zone with 1000's of new units in process. Strong 6.65 CAP +/-. Very low expenses w/ separate, tenant-paid electric/gas. Twin adjacent property is 1428 S Stanley (MLS 6855518). Sold together as eight units or buy the full package of 15 units (see MLS 6851166). Value-add. Long-term, local-owner that has self-managed. A 10% 2nd position SCB may be possible. Expenses are actual & estimated. Water meter shared with 1428 S Stanley. 1424 & 1428 S Stanley need to be sold together.
Property Location:
Listed By: Better Homes & Gardens Real Estate SJ Fowler | Cass Stephens, CCIM 602-672-3526
Source: ARMLS
All information should be verified by the recipient, and none is guaranteed as accurate by ARMLS.
