1424 S STANLEY Place, Tempe, AZ, 85281
1424 S STANLEY PlaceTempe, AZ 85281
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Prime dirt location on the doorstep to ASU, the 5th largest university in the US. Sought after four unit complex. All 1 bedroom unit mix with $1299 rents & a 7/28/2025 lease exp. Located in an opportunity zone with 1000's of new units in process. Strong 6.65 CAP +/-. Very low expenses w/ separate, tenant-paid electric/gas. Twin adjacent property is 1428 S Stanley (MLS 6855518). Sold together as eight units or buy the full package of 15 units (see MLS 6851166). Value-add. Long-term, local-owner that has self-managed. A 10% 2nd position SCB may be possible. Expenses are actual & estimated. Water meter shared with 1428 S Stanley. 1424 & 1428 S Stanley need to be sold together.
| 3 days ago | Listing updated with changes from the MLS® | |
| 2 months ago | Price changed to $775,000 | |
| 3 months ago | Listing first seen on site |
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Last checked: 2025-07-18 03:49 AM UTC
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