$1,250,000
$1,300,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
2205 S MILL Avenue Tempe, AZ 85282
Key Details
Sold Price $1,250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Tempe Estates
MLS Listing ID 6910328
Sold Date 09/30/25
Year Built 1959
Annual Tax Amount $5,059
Tax Year 2024
Lot Dimensions 10,064 SqFt
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
2205-2211 S Mill Ave consists of an 8-unit apartment community and a 2,203 square foot building located in Tempe, AZ. The properties were originally constructed in 1959 (apartments) and 1974 (office) and sit on two separate lots measuring 10,064 each (20,128 sq. ft. total). They were previously master leased by a local non-profit organization at $17k/month on a NNN structure but are now currently vacant. Since the properties are separately parceled, they can be sold together as a portfolio or separately. 2205-2211 S Mill Ave presents an intriguing value-add opportunity, where new ownership can acquire either one or two well-located assets with significant upside through a similar master lease program or market rate tenants.
Location
State AZ
County Maricopa
Community Tempe Estates
Area Maricopa
Zoning M-H
Interior
Heating Heat Pump, Electric
Cooling Ceiling Fan(s), Electric, Heat Pump
Flooring Carpet
Appliance Built-In Range, Refrigerator
Exterior
Parking Features Carport
Community Features No Pool
Roof Type Built-Up
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Tempe Union High School District
Others
Senior Community No
Tax ID 133-23-062
Acceptable Financing Conventional
Disclosures None
Listing Terms Conventional
Financing Other
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