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2325 W Garden Drive Tempe, AZ
$ 5,050,000
Property Attributes
  • MLS#5956710
  • TypeMulti-Family
  • CountyMARICOPA
  • CityTempe
  • NeighborhoodSvob Park Townhomes Lot 1-26 Tr A-E
  • Zip85282
  • Style
  • Year Built1988
  • Taxes21643
  • Price$ 5,050,000
  • Bedrooms60
  • Full Bathrooms42
  • Half Bathrooms0
  • Sqr Footage29769
Listing Provided Courtesy Of:
Platinum Living Realty
Property Description

Colonial Park is a twenty-one-unit apartment community centrally located between the highly desirable Ahwatukee + North Tempe submarkets.Developed in 1988, the property is comprised of spacious two- and three-bedroom single family detached homes as well as two-story townhomestyle units with direct access two-car garages. Five units have undergone interior renovations to include modernized kitchens and bathroom.Additional improvements include new ground-mounted HVAC units, artificialturf landscaping, and a re-paved parking lot. Future ownership will have the opportunity to continue interior renovations in order to achieve asuggested $250 monthly renovation premium. Furthermore, residents are granted access to the thriving employment growth surrounding Phoenix,Sky Harbor and Tempe.

Price History
7/25/2019 Listed $5,050,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 1328.00
3 Bedrooms Units: Avg Rent 1456.00
3 Bedrooms Units: Avg Sqft 1442
4 Bedrooms Units: Avg Rent 0.00
Construction Frame - Wood
Features Pool(s)
Listing Status Active
Map Code/Grid R36
Net Income 252315.00
New Financing Other (See Remarks)
Owner Pays None
Property Type F
Public Remarks Colonial Park is a twenty-one-unit apartment community centrally located between the highly desirable Ahwatukee + North Tempe submarkets.Developed in 1988
School District 003 - Tempe School District
Tenant Pays Water, Electric, Gas
Year Built 1988
Zoning R1-4

Interior Features

2 Bedroom Units: # 2 Bedroom Units 3
2 Bedroom Units: # Baths 2
2 Bedroom Units: Avg Sqft 1271
3 Bedrooms Units: # 3 Bedroom Units 18
3 Bedrooms Units: # Baths 2
Appliances Included F/S Oven/Range, Refrigerator, Dishwasher, Disposal, Microwave
Cooling Individual
Electric SRP
Floors Carpet, Ceramic Tile
Gas SW Gas
Heating Gas, Individual, Ceiling Fan(s)
Interior Features Unfurnished, Drapes, Vertical Blinds, Fire/Smoke Alarm(s), Mini Blinds, Breakfast Bar
Total Number of Units 21.00

Exterior Features

Sale Includes Land & Building
Const - Finish Painted, Siding
Covered Parking Spcs 42.00
Exterior Features Green Landscaping
Lot Size Dimensions 1.92
Parking Garage, >1 Space Per Unit
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 88.00
Water City Franchise


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

Property vs Zip Code Average in 85282

AVG $2.2M
AVG $8,704
AVG 68
Year Built
AVG 1977

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