1218-1222 S Farmer Avenue, Tempe, AZ 85281
$1,400,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,400,000
Last Modified:
5/04/2026
Overview
Description
Listing Details MLS# 6008284
Location, Tax & Legal
- Map Code/Grid
- R36
- House Number
- 1218-1222
- Compass
- S
- Street Name
- Farmer
- St Suffix
- Avenue
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85281
- Country
- US
- County Code
- Maricopa
- Subdivision
- State College Homes Lots 30-40
- Assessor Number
- 124-70-026
- Tax Year
- 2019
- Assessor's Map #
- 70
- Assessor's Parcel #
- 26
- Add'l Parcels
- Yes
- Tax Municipality
- Tempe
- Taxes
- 4367
- Legal
- LOT 4 STATE COLLEGE HOMES LOTS 33-40 MCR 003620 and LOT 5 STATE COLLEGE HOMES LOTS 33-40 MCR 003620
- Marketing Name
- STATE COLLEGE HOMES APTS
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 19000 sq
- Year Built
- 1947
- Uncvrd Parking Spcs
- 15
- Total # of Units
- 9
- # of Buildings
- 2
- Zoning
- c-3
- Elementary School District
- Tempe Elementary School District
- High School District
- Tempe Union High School District
Remarks Misc
- Cross Street
- Farmer Ave & 12 St.
- Directions
- University and Mill. West to Farmer Ave. South to Property
Status Change Info
- Off Market Date
- 2019-12-20
- Under Contract Date
- 2019-12-01
- Close of Escrow Date
- 2019-12-20
Legal Info
- Lot Number
- 4,5
More Information
Income Expenses
- Gross Annual Sch Inc
- 105000
- Net Operating Income
- 79046
Efficiency Units
- # Efficiency Units
- Yes
- Avg Rent
- 800
- Avg SqFt
- 320
- # Baths
- Yes
1 Bedroom Units
- # 1 Bedroom Units
- 8
- Avg Rent
- 1015
- Avg SqFt
- 568
- # Baths
- Yes
Sold Info
- Loan Type
- Other
- Payment Type
- Other
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- Tri-Plex
- Yes
- 5 - 12 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 600
- Annual Gas Exp
- 550
- Annual Ins Exp
- 1800
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 1110
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 6000
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 1000
- Annual Wtr/Swr Exp
- 3000
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 4367
- Operating Exp
- 22794
- Other Income
- 2200
- Vacancy Allowance
- 0.02
- Adjusted Gross Inc
- 105056
- Total Monthly Rental Income
- 8750
Pmt & Rate Info
- Cap Rate
- 5.32
- Down Payment
- 0
- Equity
- 1485000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Showing Notification Methods
- Text
- Yes
- Yes
- Phone Call
- Yes
Lockbox Type
- None
- Yes
Community Features
- Other
- Yes
- See Remarks
- Yes
Heating
- Individual
- Yes
Cooling
- Electric
- Yes
- Individual
- Yes
Exterior Amenities
- Other (See Remarks)
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Dishwasher
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Built-In Range
- Yes
- Free-Standing Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
- Master Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- 1 Space/Unit
- Yes
Electric
- APS
- Yes
- Individual Meter
- Yes
Gas
- SW Gas
- Yes
- Individual Meter
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Conventional
- Yes
Existing 1st Loan
- Conventional
- Yes
- Other (See Rmks)
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Other (See Remarks)
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Other (See Remarks)
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
2 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
Tri-Plex; 5 - 12 Units
Construction:
Block
Const - Finish:
Painted
Roofing:
Composition
Floors:
Vinyl; Carpet
Sale Includes:
Land & Building
Community Features:
Other; See Remarks
Exterior Amenities:
Other (See Remarks)
Appliances Included:
Built-In Range; Free-Standing Range; Refrigerator; Dishwasher; Microwave
Heating:
Individual
Cooling:
Electric; Individual
Water Source:
City Franchise; Master Meter
Sewer:
Sewer - Public
Electric:
APS; Individual Meter
Gas:
SW Gas; Individual Meter
Parking Features:
1 Space/Unit
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; Landscaping
Tenant Pays:
Electricity; Gas; Cable TV
Source of Fincl Data:
Owner; Projected Proforma
Showing Notification Methods:
Text; Email; Phone Call
Lockbox Type:
None
Existing 1st Loan:
Conventional; Other (See Rmks)
Existing 1st Loan Type:
Not Applicable
Existing 1st Loan Terms:
Not Applicable
Existing 2nd Loan:
Other (See Remarks)
Existing 2nd Loan Type:
Not Applicable
Existing 2nd Loan Terms:
Not Applicable
Existing 3rd Loan:
Other (See Remarks)
Existing 3rd Loan Type:
Not Applicable
Existing 3rd Loan Terms:
Not Applicable
Existing Othr Ln Trm:
Not Applicable
New Financing:
Conventional
Environmental:
None
Listing Office:
Grace CRE
Last Updated: May - 04 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.