1063 W 5TH Street, 1 – 3 & Tract A, Tempe, AZ 85281 (MLS# 6202587)

$375,000
1063 W 5TH Street, 1 - 3 & Tract A
Tempe, AZ 85281
MLS# 6202587
Status: Closed

Conceptual Drawing
  1 / 16  
Conceptual Drawing 1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 Entrance to Lot NW Corner Vantage Point Block Wall Perimeter NE Corner Vantage Point View to the Southwest - Adjacent to Scales Technology Academy Scales Technology Academy - Tempe Elementary School

Property Description
*Fabulous Investment Development Opportunity in an ''Opportunity Zone'' in Tempe*For Investors looking to Reinvest 1031 Exchange Funds, this is truly an ''Opportunity'' Waiting to Happen*Infill Lot, Subdivided for Possibility of 3 Detached Properties & a Common Area*Parking Spaces Already Accounted for in the Common Area Parcel/Lot*Private Easement Roadway for Access off of 5th St.*Close Proximity to ASU, Mill Ave. & Tempe Amenities*Zoned R-3*30' Building Height Restriction*Conceptual Drawings & Plans (which are now expired) filed with the City of Tempe*Truly a Rare Find*

Details
Maps
Contract Information
Current Price: $355,000
Sold Price: $355,000
Status: Closed
List Date: 2021-03-04
For Sale or Lease?: Sale
Type: Exclusive Right To Sell
Location Tax Legal
Map Code/Grid: R36
House Number: 1063
Compass: W
Street Name: 5TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2543
County Code: Maricopa
Assessor Number: 124-36-188
Subdivision: TREBLE
Tax Year: 2020
General Property Description
Apx Total Acres: 0.24
Apx Total Acres G/N: G
Price Per Acre: 1562500
# Lots in Listing: 4
# Units Allowed: 3
Apx SqFt: 10450
Price Per SqFt: 35.89
Apx SqFt G/N: G
Lot Size Dimensions: 50.01 x 208.94
Horses: N
Zoning: R-3
Flood Zone: TBD
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Scales Technology Academy
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Remarks Misc
Cross Street: University Dr & Hardy St
Directions: On south side of 5th St. between Beck & Hardy. Just east of Scales Technology Academy Elementary School. Use the adjacent apartment entrance/road to access the property.
Geo Lat: 33.424838
Geo Lon: -111.954352
Status Change Info
Off Market Date: 2022-02-01
Under Contract Date: 2021-11-13
Close of Escrow Date: 2022-02-02
Sold Price: $355,000
Legal Info
Township: 1N
Range: 4E
Section: 16
Lot Number: 1 - 3 & Tract A
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot
Zoned Presently: Single Family; Multi-Family
Potential Use: Single Family; Multi-Family
Parcel Size: .0 - .24 Acres
Current Density: 00 - 01 Units P/Acre
Proposed Density: 02 - 05 Units P/Acre
Development Status: Raw Land; See Remarks
Land Features: Other; See Remarks
Land Configuration: Square Rectangular
Topography: Level
Existing Structures: None
Water Source: City Franchise
Sewer: Sewer - Available
Electric: APS
Gas: SW Gas
Distance to Cable: Under 350 Feet
Distance to Phone: Under 350 Feet
Distance to Water: Under 350 Feet
Distance to Electric: Under 350 Feet
Distance to Gas: Under 350 Feet
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Other Loan: Not Applicable
New Financing: Cash; Conventional; 1031 Exchange
Use Restrictions: Existing Easement
Environmental: None
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Fencing: Block

Listing Office: Coldwell Banker Realty

Last Updated: August - 29 - 2024

1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 - MLS# 6202587

Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Search Homes
$375,000
1063 W 5TH Street, 1 - 3 & Tract A
Tempe, AZ 85281
MLS# 6202587
Status: Closed

Conceptual Drawing
  1 / 16  
Conceptual Drawing 1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 Entrance to Lot NW Corner Vantage Point Block Wall Perimeter NE Corner Vantage Point View to the Southwest - Adjacent to Scales Technology Academy Scales Technology Academy - Tempe Elementary School

Property Description
*Fabulous Investment Development Opportunity in an ''Opportunity Zone'' in Tempe*For Investors looking to Reinvest 1031 Exchange Funds, this is truly an ''Opportunity'' Waiting to Happen*Infill Lot, Subdivided for Possibility of 3 Detached Properties & a Common Area*Parking Spaces Already Accounted for in the Common Area Parcel/Lot*Private Easement Roadway for Access off of 5th St.*Close Proximity to ASU, Mill Ave. & Tempe Amenities*Zoned R-3*30' Building Height Restriction*Conceptual Drawings & Plans (which are now expired) filed with the City of Tempe*Truly a Rare Find*

Details
Maps
Contract Information
Current Price: $355,000
Sold Price: $355,000
Status: Closed
List Date: 2021-03-04
For Sale or Lease?: Sale
Type: Exclusive Right To Sell
Location Tax Legal
Map Code/Grid: R36
House Number: 1063
Compass: W
Street Name: 5TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2543
County Code: Maricopa
Assessor Number: 124-36-188
Subdivision: TREBLE
Tax Year: 2020
General Property Description
Apx Total Acres: 0.24
Apx Total Acres G/N: G
Price Per Acre: 1562500
# Lots in Listing: 4
# Units Allowed: 3
Apx SqFt: 10450
Price Per SqFt: 35.89
Apx SqFt G/N: G
Lot Size Dimensions: 50.01 x 208.94
Horses: N
Zoning: R-3
Flood Zone: TBD
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Scales Technology Academy
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Remarks Misc
Cross Street: University Dr & Hardy St
Directions: On south side of 5th St. between Beck & Hardy. Just east of Scales Technology Academy Elementary School. Use the adjacent apartment entrance/road to access the property.
Geo Lat: 33.424838
Geo Lon: -111.954352
Status Change Info
Off Market Date: 2022-02-01
Under Contract Date: 2021-11-13
Close of Escrow Date: 2022-02-02
Sold Price: $355,000
Legal Info
Township: 1N
Range: 4E
Section: 16
Lot Number: 1 - 3 & Tract A
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot
Zoned Presently: Single Family; Multi-Family
Potential Use: Single Family; Multi-Family
Parcel Size: .0 - .24 Acres
Current Density: 00 - 01 Units P/Acre
Proposed Density: 02 - 05 Units P/Acre
Development Status: Raw Land; See Remarks
Land Features: Other; See Remarks
Land Configuration: Square Rectangular
Topography: Level
Existing Structures: None
Water Source: City Franchise
Sewer: Sewer - Available
Electric: APS
Gas: SW Gas
Distance to Cable: Under 350 Feet
Distance to Phone: Under 350 Feet
Distance to Water: Under 350 Feet
Distance to Electric: Under 350 Feet
Distance to Gas: Under 350 Feet
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Other Loan: Not Applicable
New Financing: Cash; Conventional; 1031 Exchange
Use Restrictions: Existing Easement
Environmental: None
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Fencing: Block

Listing Office: Coldwell Banker Realty

Last Updated: August - 29 - 2024

1063 W 5TH Street, 1 - 3 & Tract A, Tempe, AZ 85281 - MLS# 6202587

Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.