1428 S Stanley Place, Tempe, AZ 85281

Prime dirt location on the doorstep to ASU, the 5th largest university in the US. Sought after four unit complex. Now 100% vacant. Owner can deliver vacant or re-leased. Located in an opportunity zone with 1000's of new units in process. Very low expenses w/ separate, tenant-paid electric/gas. Twin adjacent property is 1424 S Stanley (MLS 6855520). Available as a package of eight units or the full package of 15 units (see MLS 6851166). Value-add. Long-term, local-owner that has self-managed. A 10% 2nd position carry or low LTV/market interest rate carry possible. Shared water meter with 1424 S Stanley. Close to a 7 CAP historical income performance ($1299 rents).