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About the Listing citi001 - bp284
DO NOT DISTURB TENANTS. BRAND NEW ROOF FEB 2026! Exceptional opportunity to acquire a high-visibility, turnkey Tempe 4-plex positioned on a premium, oversized lot directly on Southern Ave--an unbeatable location with strong rental demand and long-term appreciation potential. This meticulously maintained asset offers four spacious 2-bed, 1-bath units, all on month-to-month leases, creating immediate income with significant upside through rent optimization. The property reflects true pride of ownership and is primed for seamless operation. Major capital improvements have already been completed, including brand new roof, new ABS plumbing, updated AC units, fresh interior and exterior paint, modern appliances, and updated finishes--making this a true plug-and-play investment. Situated on a nearly 11,000 sq ft lot--one of the largest among neighboring 4-plexes-- this property offers gigantic long-term potential, whether held for cash flow, repositioned for higher rents, or leveraged for future redevelopment. Rare scale, premier exposure, and turnkey condition in the heart of Tempe make this an extraordinary multifamily opportunity.
Listing Highlights
Status
Active
Days on Site
243
Property Type
Multi-Family
MLS ®
6888728
Year Built
1970
Total Square Footage
0
Lot/Acreage
N/A
County
Maricopa
Neighborhood
Westway Park
School District
Tempe School District
High School
Tempe High School
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Central Air,Ceiling Fan(s)
- Heating: Heat Pump
- Fireplaces:
- Floor: Carpet,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City Franchise
Exterior Details
- Garage Capacity: N/A
- Roof: Foam
- Others:
- Sewer: Public Sewer
- Parking Features: Paved,Assigned,Add'l Parking Avail,>1 Space Per Unit,Carport
Financial Details
- Tax Amount: $2,779
- Taxes w/Assessments: N/A
- Tax/Property ID: 123-42-072
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Questions About..
1145 W Southern Ave Tempe, AZ 85282
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