316 E Broadway Lane, Tempe, AZ 85282

$575,000 Asking Price

3 beds
2 baths
1,947  sqft
Built in 1954

THIS ONE WILL NOT LAST LONG - RUN DON'T WALK! Calling all investors and flippers, this property is located within walking distance to ASU, and offers endless opportunities. It is perfect for a spec builder that wants an exceptional flip opportunity, an investor that is looking to add to their rental portfolio or it can be converted into a mid-century modern masterpiece for an end user that intends to create their custom, dream home. This charming, single-story home boasts a flexible floor plan and a lot of updating options. The vaulted redwood tongue and groove ceilings along with an abundance of natural light are the perfect combination for updated inspiration. This house has 3 bedrooms (it can easily be converted to a 4 bedroom for a rental property) and 2 full baths with ample closet space. There is even a wood burning fireplace. Perched upon a generous shaded lot, with mature trees and plenty of space to expand, this home has a lot of character and curb appeal. It has various patio spaces, a two-car garage and enjoys easy access to ASU, shopping, dining and the major highways.


Features & Amenities

Interior

General:
No Interior Steps, Vaulted Ceiling(s), Wet Bar, Pantry, 3/4 Bath Master Bdrm, High Speed Internet
Flooring:
Concrete
A/C:
Refrigeration, Ceiling Fan(s)
Heating:
Electric
Fireplace:
1 Fireplace, Fireplace

Exterior

General:
Patio, Storage
Style:
Ranch
Pool:
None
Parking:
Dir Entry frm Garage, Electric Door Opener

Construction

Roofing:
Foam
General:
Painted, Block

Location

HOA Amenities:
No Fees
Originating MLS:
Arizona Regional Multiple Listing Service 2
School District:
Tempe Elementary School District
County:
Maricopa

Lot

Zoning:
13315037
Fencing:
Other, Block

Utilities

Water:
City Water
Sewer:
Public Sewer

Financial

Source:
Arizona Regional Multiple Listing Service 2

This listing courtesy of:
Russ Lyon Sotheby's International Realty, Cindy Metz

About Tempe, AZ

Housing

Number of Units
86,533
Median Home Value
$306,073
Median Rent
$1,139

61.06% of housing units are renter occupied.

8.05% are vacant.

Commute

Car
59.79%
Public Transportation
3.04%
Walk to Work
3.96%
Work from Home
28.51%
Other
1.42%

The median travel time to work is 16 minutes.

People

Population
190,328
Median Age
32.80
Median Household Size
2.47

Education

High School
15.36%
Associate’s Degree
7.06%
Bachelor’s Degree
26.67%
Graduate Degree
19.70%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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