534 E Huntington Drive, Tempe, AZ 85282
$5,700,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$5,700,000
Last Modified:
2/02/2026
Overview
Description
Life is a beach at Twenty on Huntington! This amazing investment in the heart of Tempe with no HOA. Private pool all units have covered parking and ends in cul-de-sac. 542 E Huntington included in sale a total of 34,480 sq feet for both parcels. Incredible unit mix 16 two bedrooms and 4 ones beds. This property is being sold as is and seller is open to offers before renovation is complete. New rents on units are 1550 to 1600 plus tax on 2 bedrooms one bath units. One bedroom units new rents are $1450 plus tax. Current seller broker is process of renting out and remodeling process and stabilizing property. Drive by only tenants are unware of sale. Owner agent. All facts and figures are approximate buyer verify MLS information.
Listing Details MLS# 6360352
Location, Tax & Legal
- Map Code/Grid
- R37
- House Number
- 534
- Compass
- E
- Street Name
- Huntington
- St Suffix
- Drive
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85282
- County Code
- Maricopa
- Assessor Number
- 133-28-069
- Tax Year
- 2020
- Assessor's Map #
- 28
- Assessor's Parcel #
- 69
- Add'l Parcels
- Yes
- Tax Municipality
- Tempe
- Taxes
- 9701
- Legal
- BRENTWOOD MANOR 2
- Marketing Name
- Twenty at Huntington
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- irr
- Year Built
- 1967
- Uncvrd Parking Spcs
- 20
- Total # of Units
- 20
- # of Buildings
- Yes
- Zoning
- Multi
- Elementary School District
- Tempe Elementary School District
- High School District
- Tempe Union High School District
Remarks Misc
- Cross Street
- Southern and Rural
Status Change Info
- Off Market Date
- 2022-02-25
- Under Contract Date
- 2022-02-25
- Close of Escrow Date
- 2022-02-25
Legal Info
- Lot Number
- 104
More Information
Income Expenses
- Gross Annual Sch Inc
- 367200
- Net Operating Income
- 291393
1 Bedroom Units
- # 1 Bedroom Units
- 4
- Avg Rent
- 1450
- Avg SqFt
- 650
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 16
- Avg Rent
- 1550
- Avg SqFt
- 900
- # Baths
- Yes
Sold Info
- Loan Type
- Conventional
- Payment Type
- Fixed
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- %
- Seller Concession $/%
- %
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 13 - 24 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Other
- Yes
Floors
- Vinyl
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
- Personal Property
- Yes
Income & Expenses
- Annual Elec Exp
- 1500
- Annual Gas Exp
- 0
- Annual Ins Exp
- 12000
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 2500
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 10000
- Annual Mgmt Exp
- 14000
- Annual Trash Exp
- 8000
- Annual Wtr/Swr Exp
- 10000
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Operating Exp
- 67701
- Other Income
- 3000
- Vacancy Allowance
- 0.03
- Adjusted Gross Inc
- 359094
- Total Monthly Rental Income
- 30600
Pmt & Rate Info
- Cap Rate
- 4.94
- Down Payment
- 0
- Equity
- 5900000
- Down Payment %
- 0
- Monthly Payments
- 0
- 1st Payment
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Lockbox Type
- None
- Yes
Community Features
- Pool
- Yes
- Spa(s)
- Yes
Heating
- Electric
- Yes
Cooling
- Electric
- Yes
Interior Features
- Unfurnished
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Disposal
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer-In & Connected
- Yes
Parking Features
- Other
- Yes
Electric
- SRP
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
- Pool Maintenance
- Yes
New Financing
- Conventional
- Yes
Special
- Owner/Agent
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- 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
Efficiency Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
13 - 24 Units
Construction:
Block
Const - Finish:
Painted
Roofing:
Other
Floors:
Vinyl; Carpet
Sale Includes:
Land & Building; Personal Property
Community Features:
Pool; Spa(s)
Interior Features:
Unfurnished
Appliances Included:
Free-Standing Range; Refrigerator; Disposal; Washer/Dryer
Cooling:
Electric
Water Source:
City Franchise
Sewer:
Sewer-In & Connected
Electric:
SRP
Gas:
SW Gas
Parking Features:
Other
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays:
Electricity; Cable TV
Source of Fincl Data:
Projected Proforma
Special:
Owner/Agent
Lockbox Type:
None
Existing 1st Loan:
Treat as Free&Clear
Existing 1st Loan Type:
Not Applicable
Existing 1st Loan Terms:
Not Applicable
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:
Conventional
Environmental:
None
Listing Office:
Grace CRE
Last Updated: February - 02 - 2026
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