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1249 E Spence Ave
Tempe, AZ 85281 Downtown Tempe

$20,000,000 USD

Apartments For Sale  •  87,028 SF

Property Details

• Property Type Apartments
• Total Building Size 87,028 SF
• Lot Size 4.93 AC
• Building Class B
• Year Built 1986
• Zoning R-4

60 Transit Score

50 Walk Score

Highlights

112 Total Units, Completed in 1986

Attractive Mix of Two-Bedroom / Two-Bathroom (57.1%) & One-Bedroom / One-Bathroom (42.9%) Unit Types (777 Average SF)

Individually Metered for Electricity & Individual HVACs / Hot Water Heaters

Value-Add Opportunity (92% Classic Units)

Exceptional In-Fill Tempe Location Near Arizona State University & Light Rail

Offered All Cash / New Loan

Property Flyers

AS - Marketing Brochure

Amenities

• 24 Hour Access
• Air Conditioning
• Balcony
• Cable Ready
• Controlled Access
• Clubhouse
• Dishwasher
• Fitness Center
• Laundry Facilities
• Microwave
• Spa
• Tenant Controlled HVAC
• Gated
• Heating
• Grill
• Ceiling Fans
• Kitchen
• Refrigerator
• Oven
• Range
• Online Services
• Smoke Detector

Public Transportation

Transit/Subway	Drive	Walk	Distance
Dorsey Ln/Apache Blvd (METRO Light Rail - Valley Metro (Phoenix Light Rail))	3 min	5 min	0.3 mi
McClintock Dr/Apache Blvd (METRO Light Rail - Valley Metro (Phoenix Light Rail))	4 min	14 min	0.7 mi
University Dr/Rural Rd (METRO Light Rail - Valley Metro (Phoenix Light Rail))	5 min	18 min	0.9 mi
Airport	Drive	Walk	Distance
Phoenix Sky Harbor International	15 min	-	6.8 mi
Phoenix-Mesa Gateway	35 min	-	22.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	88
Type:	Surface
Included in Rent:	Yes