Back 1417 South Rita Lane
Off Market

1417 South Rita Lane

Tempe AZ 85281

8
Multi-Family
Last sold for $600,000
Chad ViceChad Vice, last sold this property on 05 October 2023 after 120 days on market.

Overview

Great value with an excellent location for this remodeled Tempe Duplex. Close proximity to ASU and university transportation. Property features two spacious 1 bedroom, 1 bathroom units, both with a one car carport and slab parking, large private block fenced backyards in a quiet low traffic neighborhood. New flooring, tile tub/ shower surrounds, new vanities and cabinets, quartz countertops, dual pane windows, tankless water heaters, fixtures, stainless steel appliances and butcher block bar / dining table in the kitchen. Ample storage throughout, extended length carport and low maintenance landscaping. Great opportunity to purchase a cash flowing maintenance free property. Both units Tenant occupied on 12 month leases at $1650 per month.

Features

8 carspaces
6 open car spaces
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Tempe over the last 12 months, the estimated median property value of 1417 South Rita Lane is $700k.

Median value
$700k
Estimated value range
$480k - $2.4m
Median days on market
69
Estimated value trend
16%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Tempe. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1417 South Rita Lane

2023
Sold
$600,000
05 Oct 2023 by Chad Vice, of ARRT of Real Estate

Happy sellers in Tempe

95%
95% of sellers in Tempe reported that their sale price either exceeded or met their price expectations.

Tempe stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Tempe over the last 12 months.

Local market activity for multi families in Tempe

In the last 12 months, 19 multi families similar to 1417 South Rita Lane, have been sold.

This represents a 26% decrease in multi families sales when compared to the previous 12 months.

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