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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,899,000

Est. payment - /mo

11 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Tempe Estates

MLS Listing ID 7087067

Bedrooms 11

Maintenance Fees $1,600

Year Built 1959

Annual Tax Amount $5,732

Tax Year 2026

Lot Dimensions 10064

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Marcus & Millichap has been retained as the exclusive listing agent for the sale of Courtyard on Mill, an eight-unit, fully renovated, gated multifamily community on Mill Avenue in Tempe, Arizona, one mile south of Arizona State University. Every unit was renovated and re-leased in 2026 on new 12-month terms, and 77.27% of scheduled rent is paid through HOM Inc. and Section 8 housing-assistance contracts. A buyer acquires a turnkey asset with durable income, no near-term rollover and no deferred capital plan -- at $237,375 per unit, below every renovated multifamily sale in the Tempe and South Scottsdale comparable set and below the unrenovated five-plex two blocks away.

Location

State AZ

County Maricopa

Community Tempe Estates

Area Maricopa

Zoning R-4

Interior

Heating Electric

Cooling Electric

Flooring Laminate

Appliance Refrigerator, Free-Standing Electric Oven, Microwave, W/D Hookup

Exterior

Exterior Feature Rain Gutters

Parking Features Detached Carport, 1 Space/Unit

Community Features Barbecue

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

Structure Type Rain Gutters

New Construction No

Schools

High Schools Tempe High School

School District Tempe Union High School District

Others

Senior Community No

Tax ID 133-23-062

Ownership Fee Simple

Acceptable Financing VA Loan, Cash, Conventional

Disclosures None

Listing Terms VA Loan, Cash, Conventional

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Listed by Marcus & Millichap • Kyle Ingram

NEARBY SCHOOL & BUSINESS

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2205 S MILL Avenue Tempe, AZ 85282