1010 S Smith Road Tempe, AZ
$ 1,760,000
Property Attributes
  • MLS#5706928
  • TypeMulti-Family
  • CountyMARICOPA
  • CityTempe
  • NeighborhoodRancho El Dorado 26-35 - 45-53
  • Zip85281
  • Style
  • Year Built1961
  • Taxes3870
  • Price$ 1,760,000
  • Bedrooms32
  • Full Bathrooms16
  • Half Bathrooms0
  • Sqr Footage11520
Listing Provided Courtesy Of:
SVN/Desert Commercial Advisors
Property Description

Las Palmas Apartments is a 16-unit duplex style apartment community located in Tempe, Arizona. The property is of 1961vintage, with recent renovations, built of solid block, in a beautiful low-density courtyard setting. The unit mix is all 16two-bedroom/one-bath units at approximately 720 square feet. Each unit is individually metered for electricity andequipped with frost-free refrigerators, stove and hood. In the past 2 years major capital expenditures have beencompleted. Select units have upgraded appliances, flooring, fixtures and electrical outlets. The community also providesits residents with on-site laundry. Value-add improvements can be made such as adding washer/dryers to each patio with pre-existing hookups; fencing in patios, gating property, adding BBQ picnic area e

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
1/10/2018 Listed $1,760,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 725.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Listing Status Active
Net Income 89701.00
New Financing Conventional, No Carry
Owner Pays Water, Sewer, Trash, Landscaping
Property Type F
School District 003 - Tempe School District
Subdivision RANCHO EL DORADO 26-35, 45-53
Tenant Pays Electric, Cable TV
Type ER
Year Built 1961
Zoning R-4

Interior Features

2 Bedroom Units: # 2 Bedroom Units 16
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 720
Appliances Included F/S Oven/Range, Refrigerator, W/D Hookup
Cooling Heat Pump
Electric SRP
Floors Concrete
Gas None
Heating Heat Pump
Interior Features Unfurnished, Vertical Blinds, Fire/Smoke Alarm(s)
Total Number of Units 16.00

Exterior Features

Sale Includes Land & Building
Complex Features No Pool, Play Area
Const - Finish Painted
Covered Parking Spcs 0.00
Exterior Features Green Landscaping, Desert Landscaping, Patio/Balcony, Separate Storage
Lot Size Dimensions 172 x 211
Parking 1 Space/Unit, Paved Parking
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 16.00
Water Master Meter, City Franchise


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85281

AVG $1.87M
AVG $2,316
AVG 48
Year Built
AVG 1976
AVG 67

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