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914 S Kenwood Cir 4 Unit Apartment Building £747,282 (£186,820/Unit) 6.47% Net Initial Yield Tempe, AZ 85281



EXECUTIVE SUMMARY
A short bike ride from the Tempe ASU campus, 914 S Kenwood is a perfect Air BNB, mid term / executive rental, or just an easy long term rental property. This fully furnished 4 plex has been EXTENSIVELY renovated. EVERYTHING has been redone. The roof, AC units, underground plumbing, electrical, framing, drywall, all interior finishes, landscape, there isn't an inch of this property that hasn't been updated. All four units have 1 bedroom and 1 bathroom, as well as in unit laundry, quartz counters, modern cabinetry, dishwasher, all stainless steel appliances, wood plank style tile flooring, exterior storage closets for each unit, and are completely furnished and ready for guests. Tempe is in extremely high demand for both long & short term...
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
£57,987
|
£106.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£2,899
|
£5.34
|
| Effective Gross Income |
£55,088
|
£101.45
|
| Taxes |
£1,195
|
£2.20
|
| Operating Expenses |
£5,535
|
£10.19
|
| Total Expenses |
£6,730
|
£12.39
|
| Net Operating Income |
£48,358
|
£89.06
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | £57,987 |
| Annual Per sq ft | £106.79 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | £2,899 |
| Annual Per sq ft | £5.34 |
| Effective Gross Income | |
|---|---|
| Annual | £55,088 |
| Annual Per sq ft | £101.45 |
| Taxes | |
|---|---|
| Annual | £1,195 |
| Annual Per sq ft | £2.20 |
| Operating Expenses | |
|---|---|
| Annual | £5,535 |
| Annual Per sq ft | £10.19 |
| Total Expenses | |
|---|---|
| Annual | £6,730 |
| Annual Per sq ft | £12.39 |
| Net Operating Income | |
|---|---|
| Annual | £48,358 |
| Annual Per sq ft | £89.06 |
PROPERTY FACTS
| Price | £747,282 | Apartment Style | Garden |
| Price Per Unit | £186,820 | Costar Property Class | C |
| Sale Type | Investment | Total Plot Size | 0.18 ac |
| Yield | 6.47% | Property Size | 543 sq ft |
| No. Units | 4 | No. Floors | 1 |
| Property Type | Build-to-Rent | Year Built/Renovated | 1962/2022 |
| Property Subtype | Apartment | Parking Allocation | 7.37/1,000 sq ft |
| Use Class | R-3 | ||
| Price | £747,282 |
| Price Per Unit | £186,820 |
| Sale Type | Investment |
| Yield | 6.47% |
| No. Units | 4 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Costar Property Class | C |
| Total Plot Size | 0.18 ac |
| Property Size | 543 sq ft |
| No. Floors | 1 |
| Year Built/Renovated | 1962/2022 |
| Parking Allocation | 7.37/1,000 sq ft |
| Use Class | R-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Granite Countertops
- Ice Maker
- Yard
- Attic
- Double Pane Windows
- Lawn
- Window Coverings
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 4 | £1,272 | 543 |
1 1
Bike Score®
Good for cycling (77)
PROPERTY TAXES
| Parcel Number | 132-64-027 | Total Assessment | £10,668 |
| Land Assessment | £0 | Annual Taxes | £1,195 (£2.20/sq ft) |
| Improvements Assessment | £0 | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
132-64-027
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£10,668
Annual Taxes
£1,195 (£2.20/sq ft)
Tax Year
2025 Payable 2025
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914 S Kenwood Cir
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