MLS# 6855620 - 1440 S Stanley Place, Tempe, AZ 85281

$1,175,000
Units: 6
Est. $4,327 / mo.*
103 Days On Market

Courtesy of Better Homes & Gardens Real Estate SJ Fowler

 Print
Property Type: Multiple Dwellings
Status: Active
Year Built: 1960
Neighborhood: Stanley Plat
Days On Website: 103

Property Details for 1440 S Stanley Place, Tempe, AZ 85281

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.

Appliances & Equipment

  • "Free-Standing Range"
  • "Refrigerator"

Building

  • Built in 1960
  • Construction materials: "Painted", "Block"
  • 6 total units

Cooling

  • "Window/Wall Unit"

Expenses

  • Electric: $300
  • Insurance: $1,800
  • Maintenance: $1,900
  • Water sewer: $4,200

Floors

  • "Concrete"

Heating

  • "Natural Gas"
  • "Floor Furnace"
  • "Wall Furnace"

Listing

  • Listing ID: 6855620
  • Standard status: Active
  • 115 days on market

Location

  • Subdivision name: STANLEY PLAT

Parking

  • "Free"
  • ">1 Space Per Unit"
  • 8 total parkings

Property

  • Zoning: R4

Roof

  • "Composition"

Schools

  • High school district: Tempe Union High School District

Sewer

  • "Sewer-In & Connected"
  • "Public Sewer"

Taxes

  • Annual amount: $2,278
  • Lot: 22

Utilities

  • "SRP"
  • "Individual Meter"

Map View

$1,175,000 - 1440 S Stanley Place, Tempe, AZ 85281

Street View

Directions

1440 S Stanley Place
Tempe, AZ 85281
Subdivision name: STANLEY PLAT

This content last updated on August 4, 2025 5:04PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.