This Multifamily Property is no longer advertised on LoopNet.com.

1011 E Orange St
Tempe, AZ 85281
Verve Tempe Terrace · Multifamily Property For Sale · 40 Units

INVESTMENT HIGHLIGHTS

  • 40 Garden-Style Units Constructed in 1963
  • In-Suite Washers / Dryers & Covered Parking
  • Value-Add Opportunity Through Additional Interior & Exterior Renovations
  • Attractive Mix of One & Two-Bedroom Unit Types
  • Individually Metered for Electricity & Hot Water
  • Zoned R-4 & Surrounded by 7-Story Student Housing Properties

PROPERTY FACTS

No. Units 40
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 0.90 AC
Building Size 24,524 SF
No. Stories 2
Year Built/Renovated 1963/2022
Parking Ratio 1.92/1,000 SF

UNIT AMENITIES

  • Cable Ready
  • Dishwasher
  • Disposal
  • Washer/Dryer
  • Heating
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Walk-In Closets
  • Carpet
  • Family Room
  • Vinyl Flooring
  • Window Coverings

SITE AMENITIES

  • 24 Hour Access
  • Laundry Facilities
  • Picnic Area
  • Grill
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 22 - 453
2+1 18 - 781

PROPERTY TAXES

ZONING

Zoning Code R-4, Tempe
  • Listing ID: 25630323

  • Date on Market: 5/4/2022

  • Last Updated:

  • Address: 1011 E Orange St, Tempe, AZ 85281