$5,100,000
Tempe, AZ 85281
MLS# 6170361
Status: Closed
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Property 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.
Details
Maps
Contract Info
Current Price: $5,100,000
Sold Price: $5,100,000
Status: Closed
List Date: 2020-12-11
Ownership: Fee Simple
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
County Code: Maricopa
Assessor Number: 133-10-100
Tax Year: 2020
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
Geo Lat: 33.411263
Geo Lon: -111.923653
Status Change Info
Off Market Date: 2020-12-28
Under Contract Date: 2020-12-23
Close of Escrow Date: 2021-03-05
Sold Price: $5,100,000
Legal Info
Lot Number: unknown
Income Expenses
Gross Annual Sch Inc: 387840
Net Operating Income: 298099
1 Bedroom Units
# 1 Bedroom Units: 8
Avg Rent: 1050
Avg SqFt: 605
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 16
Avg Rent: 1495
Avg SqFt: 816
# Baths: 2
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
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 are in close proximity to the property including
Tempe Marketplace, one of the most popular destinations in the
Phoenix Metro, with 1.3 million square feet housing over 100 local
and national retailers and restaurants. The Brix community enjoys
the pedestrian and bike-friendly streets of Tempe and its proximity
to the Loop 101 and 202 Freeways offers quick access to Scottsdale,
Downtown Phoenix, and Phoenix Sky Harbor International Airport.
Significant employers in proximity to the property include Arizona
State University, State Farm, Salt River Project, Honeywell, Express
Scripts, and First Solar.
Listing Office: ABI Multifamily
Last Updated: March - 09 - 2025
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