1101 S FARMER Avenue, Tempe, AZ 85281
$995,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$995,000
List Date:
12/01/2025
Last Modified:
3/30/2026
Overview
Description
Welcome to this well-maintained fourplex in Tempe! Each of the four units has two bedrooms one bath. The property has recently been upgraded with a new roof and fresh exterior paint, ensuring a modern and appealing aesthetic. The location is a standout feature, being just a short walk away from ASU and the bustling Mill Avenue shops and restaurants. This proximity to local amenities not only provides convenience for tenants but also contributes to the property's stable income, with little to no vacancy. Ample parking is available for tenants, adding to the property's appeal. This is a fantastic opportunity for those seeking a great income-producing property in a prime location.
Owner is doing a 1031 exchange
Listing Details MLS# 6952689
Location, Tax & Legal
- House Number
- 1101
- Compass
- S
- Street Name
- FARMER
- St Suffix
- Avenue
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85281
- Zip4
- 8623
- County Code
- Maricopa
- Subdivision
- FARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5
- Assessor Number
- 124-70-005
- Tax Year
- 2025
- Assessor's Map #
- 70
- Legal Description (Abbrev)
- FARMERS
- Assessor's Parcel #
- 5
- Add'l Parcels
- No
- Tax Municipality
- Tempe
- Census Tract
- 318900
- Taxes
- 2859
- Legal
- FARMERS
- Marketing Name
- Farmers
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 7838
- Year Built
- 1975
- Uncvrd Parking Spcs
- 6
- Total # of Units
- 4
- # of Buildings
- Yes
- Zoning
- R-3
- Flood Zone
- TBD
- Elementary School District
- Tempe School District
- High School District
- Tempe Union High School District
- Elementary School
- Holdeman Elementary School
- Jr. High School
- Geneva Epps Mosley Middle School
- High School
- Tempe High School
Remarks Misc
- Cross Street
- 13th st and farmer
- Directions
- US 60 and Mill North of Mill ave, West on 13th North of Farmer. Property on the Right hand side.
Legal Info
- Township
- 1N
- Range
- 4E
- Section
- 21
- Lot Number
- Yes
Income Expenses
- Gross Annual Sch Inc
- 67200
- Net Operating Income
- 72674
More Information
Showing Notification Methods
- Showing Service
- Aligned Showings
- Text
- Yes
Efficiency Units
- # Efficiency Units
- 4
- Avg Rent
- 1300
- Avg SqFt
- 2916
- # Baths
- 4
1 Bedroom Units
- # 1 Bedroom Units
- 2
- Avg Rent
- 1350
- Avg SqFt
- 729
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 2
- Avg Rent
- 1350
- Avg SqFt
- 729
- # Baths
- Yes
3 Bedrooms Units
- # 3 Bedroom Units
- 2
- Avg Rent
- 1227.9
- Avg SqFt
- 729
- # Baths
- Yes
4 Bedrooms Units
- # 4 Bedroom Units
- 2
- Avg Rent
- 1178.78
- Avg SqFt
- 729
- # Baths
- Yes
Project Type
- Four Plex
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Foam
- Yes
Floors
- Laminate
- Yes
- Tile
- Yes
- Vinyl
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 848
- Annual Gas Exp
- 0
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 100
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 1653
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 2350
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 64
- Operating Exp
- 7874
- Other Income
- 10489
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 77689
Pmt & Rate Info
- Cap Rate
- 7.3
- Equity
- 995000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
- Manager Res/Office
- Yes
Heating
- Heat Pump
- Yes
Cooling
- Central Air
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Desert Landscaping
- Yes
- Sidewalk(s)
- Yes
Interior Features
- Unfurnished
- Yes
- Mini Blinds
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Free-Standing Electric Oven
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
Road Access Type
- Alley
- Yes
- City Street
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Road Responsibility
- City Maintained Road
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- 1 Space/Unit
- Yes
- Paved
- Yes
- Add'l Parking Avail
- Yes
Electric
- SRP
- Yes
- Individual Meter
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- 1031 Exchange
- Yes
Special
- Accept Backups (CLO)
- Yes
Existing 1st Loan
- Conventional
- Yes
Existing 1st Loan Type
- Fixed
- Yes
Existing 1st Loan Terms
- Non Assumable
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Property Features
Project Type:
Four Plex
Construction:
Wood Frame
Const - Finish:
Painted; Stucco
Roofing:
Foam
Floors:
Laminate; Tile; Vinyl; Carpet
Sale Includes:
Land & Building
Community Features:
No Pool; Manager Res/Office
Exterior Amenities:
Landscape Water System; Desert Landscaping; Sidewalk(s)
Interior Features:
Unfurnished; Mini Blinds
Appliances Included:
Free-Standing Electric Oven; Refrigerator; Microwave
Heating:
Heat Pump
Cooling:
Central Air
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP; Individual Meter
Gas:
None
Parking Features:
1 Space/Unit; Add'l Parking Avail; Paved
Road Access Type:
Alley; City Street
Road Surface Type:
Asphalt
Road Responsibility:
City Maintained Road
Owner Pays:
Water; Trash Collection
Tenant Pays:
Electricity; Cable TV
Source of Fincl Data:
Owner
Special:
Accept Backups (CLO)
Showing Notification Methods:
Text
Lockbox Type:
None
Existing 1st Loan:
Conventional
Existing 1st Loan Type:
Fixed
Existing 1st Loan Terms:
Non Assumable
Existing 2nd Loan:
Treat as Free&Clear
Existing 2nd Loan Type:
Not Applicable
Existing 2nd Loan Terms:
Not Applicable
Existing 3rd Loan:
Treat as Free&Clear
Existing 3rd Loan Type:
Not Applicable
Existing 3rd Loan Terms:
Not Applicable
Existing Othr Ln Trm:
Not Applicable
New Financing:
Cash; Conventional; 1031 Exchange
Environmental:
None
Listing Office:
MacLay Real Estate
Last Updated: March - 30 - 2026
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