STANLEY PLAT
Property • Multiple Dwellings
Web ID # 6855520
$775,000.00
Beds • 0 Baths
Property Features
Arizona Regional Multiple Listing Service (ARMLS)
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.
Cul-de-sac, enter from Apache.
Dwelling Type: Multiple Dwellings
Subdivision: STANLEY PLAT
Year Built: 1960, County:
Cul-de-sac, enter from Apache.
Virtual Tour
Listing is courtesy of Better Homes & Gardens Real Estate SJ Fowler
