AZ > Tempe > Tempe Estates
Tempe, AZ 85282,2205 S MILL Avenue
John Andrews
John Andrews

Partner | Lic# SA575824000

+1(602) 391-8731

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$ 1,250,000

$ 1,300,000 3.8%

Est. payment | /mo

$ 1,250,000

$ 1,300,000 3.8%

Est. payment | /mo

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 09/03/25

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

Zoning M-H

Interior

Heating Heat Pump, Electric

Cooling Ceiling Fan(s), Electric, Heat Pump

Flooring Other, Carpet, Vinyl

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 Cash

Arizona Regional MLS (ARMLS)

Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Matthews Real Estate Investment Services
Bought with Matthews Real Estate Investment Services

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agent
John Andrews

Partner | Lic# SA575824000

+1(602) 391-8731

5355 E High Street, # 129, Phoenix, AZ, 85054

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2205 S MILL Avenue