1424 S Jentilly Lane, Tempe, AZ 85281 (MLS# 6170361)

1424 S Jentilly Lane, Tempe, AZ 85281

$5,100,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $5,100,000 Last Modified: 3/09/2025

Overview

Description

Brix is a 24-unit, garden-style condominium community located within three blocks of Arizona State University's Main Campus in Tempe. Brix was built in 1981 of wood frame construction with a painted stucco exterior and pitched roofs. Brix has an attractive mix of one and twobedroom unit types. Every condominium enjoys a private backyard or balcony and the convenience of an in-suite washer and dryer. Recent updates included modern interior finishes with new shaker cabinets, solid surface counters, tile backsplash, and stainless-steel appliances. Every condominium enjoys energy-efficient dual pane windows, sliding glass doors, and ceiling fans. Tenant amenities include controlled access, gated entry, on-site maintenance, a BBQ area with ramada, and a swimming pool.

Supplements: All units are individually metered for electricity and hot water. Brix is located within walking distance of the Valley Metro Light Rail and multiple "Orbit" shuttle bus stations, which provides free rides connecting people to Downtown Tempe and other employment, retail, and entertainment venues within the city. Numerous dining and shopping options ... (Read more)

Listing Details MLS# 6170361

Location, Tax & Legal

Map Code/Grid: R37
House Number: 1424
Compass: S
Street Name: Jentilly
St Suffix: Lane
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Country: US
County Code: Maricopa
Assessor Number: 133-10-100
Tax Year: 2020

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: unknown
Year Built: 1981
Uncvrd Parking Spcs: 48
Total # of Units: 24
# of Buildings: 2
Zoning: R4
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District

Remarks Misc

Cross Street: Rural Road and Main Street

Status Change Info

Off Market Date: 2020-12-28
Under Contract Date: 2020-12-23
Close of Escrow Date: 2021-03-05

Legal Info

Lot Number: unknown

More Information

1 Bedroom Units

# 1 Bedroom Units: 8
Avg Rent: 1050
Avg SqFt: 605
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 16
Avg Rent: 1495
Avg SqFt: 816
# Baths: 2

Income Expenses

Gross Annual Sch Inc: 387840
Net Operating Income: 298099

Sold Info

Loan Type: Other
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $

Property Features

Project Type: 13 - 24 Units Construction: Wood Frame Const - Finish: Stucco; Brick Veneer Roofing: Composition Floors: Vinyl; Other Sale Includes: Land & Building Community Features: Pool; Barbecue Exterior Amenities: Landscape Water System; Green Landscaping; Fenced; Cable TV Available; Patio/Balcony Appliances Included: Free-Standing Range; Refrigerator; Disposal; Microwave; Washer/Dryer Cooling: Ceiling Fan(s); Other; See Remarks Water Source: Individual Meter Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Email Lockbox Type: None New Financing: Other (See Remarks) Environmental: None

Listing Office: ABI Multifamily

Last Updated: March - 09 - 2025