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Key Details
Sold Price $4,975,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6029583
Sold Date 10/27/20
Maintenance Fees $6,750
Year Built 1963
Annual Tax Amount $15,012
Tax Year 2019
Lot Dimensions unknown
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Situated along the frontage of Broadway Road in the heart of Tempe and the
southeast valley of Metro Phoenix, The Harlow presents a rare opportunity to
acquire a low-density 27-unit, completely renovated, luxury one- and two-story
apartment community that provides today's renters with a truly unique rental
experience. Built in 1963 using block construction, The Harlow consists of
20,550 square feet of rental space with an 761 square foot per unit average.
The property is individually metered for utilities with (19) two-bedroom
townhouse style units, (2) two-bedroom/two-bathroom units and (6)
one-bedroom/one-bathroom units. Each townhouse apartment has an open concept floor plan with expansive
nine-foot ceilings, quartz countertops, stainless steel appliances, custom
cabinetry, full-size side-by-side washers and dryers, wood plank flooring
throughout, designer paint, and many other luxury home touches.The extensive
property renovations include all new roofs, dual-pane doors and windows.
Other amenities include: ample parking, secure community with code entry
gates, enclosed dog park and swimming pools.The property also enjoys an
onsite management office allowing for convenient coordination with current
and prospective tenants.
Location
State AZ
County Maricopa
Zoning MF
Direction East to property.
Interior
Heating Electric
Cooling Electric
Flooring Vinyl
Appliance Free-Standing Range, Trash Compactor, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Exterior
Parking Features >1 Space Per Unit
Community Features Manager Res/Office, Pool
Roof Type Composition
Total Parking Spaces 41
Garage Yes
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Tempe Union High School District
Others
Senior Community No
Tax ID 133-51-067-B
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with ABI Multifamily