For Sale
$9,350,000

1106 Weber DrTempe, AZ 85288

17-Unit Tempe Town Lakes Complex

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a portfolio of seventeen single-family detached homes situated within a prestigious 38-home luxury community in Tempe, Arizona. Located just 1.6 miles from Arizona State University, this prime location offers unparalleled convenience and strong rental demand. The community, developed between 2015 and 2018, showcases a modern architectural design incorporating a variety of high-quality materials such as corrugated metal, cementitious wood, and smooth stucco. Each of the 17 units boasts a fee-simple ownership structure, providing individual ownership and control. The property features a total net rentable area of 29,525 square feet. Built to exacting standards, the community holds an SRP GoldStar rating, signifying its superior energy efficiency. Individual metering for electricity, water, and gas ensures efficient utility management and cost allocation. The asking price for this remarkable multifamily investment is $9,350,000. The property is identified by APN numbers 132-10-113 through 125, 127, 131, and 145, 149, located at 1106 E Weber Dr, Tempe, AZ 85288 within Maricopa County. This is a rare opportunity to acquire a high-performing, energy-efficient, and well-maintained multifamily asset in a thriving Tempe location. The property's modern design and desirable location make it an ideal investment for discerning buyers seeking strong returns and long-term appreciation.

Highlights

  • 17 single-family homes in a luxury Tempe community, 1.6 miles from ASU.
  • Modern architectural design, built 2015-2018, with high-quality materials.
  • 29,525 square feet total net rentable area; fee-simple ownership for each unit.
  • SRP GoldStar energy efficiency rating; individual utility metering.
  • $9,350,000 asking price; APNs 132-10-113 through 125, 127, 131, 145, 149; 1106 E Weber Dr, Tempe, AZ 85288.

Property Details for 1106 Weber Dr

Property type
Apartment buildings
Year Renovated
2018
Buildings
17
Units
17

Location Insight

City
Tempe
County
Maricopa
State
Arizona
Latitude
33.4452154
Longitude
-111.921856
1106 Weber Dr, Tempe, Arizona

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1106 Weber Dr
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