200 E Southern Avenue Unit 224, Tempe, AZ 85282
- $249,900
- 2
- BD
- 2
- BA
- 941
- SqFt
- List Price
- $249,900
- Status
- ACTIVE
- Days on Market
- 162
- Price Change
- ▼ $5,100 1781150947
- MLS#
- 7009928
- Subtype
- Residential
- Year Built
- 1986
- Bedrooms
- 2
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 941
- Lot Size
- 1,202
- Acres
- 0.03
- Subdivision
- Chesapeake Condominium
Property Description
ASU-AREA INVESTMENT OPPORTUNITY | Immediate Rental Income + 30+ Day Rental Flexibility + Future Upside in the Heart of Tempe! Prime Southern & Mill Location - Lender Partners Ready To Go - Long-Term Tenant Occupied - Community Improvements Underway - 30-Day Rentals Allowed - Inside & Community Laundry - Two Pools & Two Spas - Popular ASU Owner/Rental Site. Buy today with immediate rental income and future upside potential. 2 Bed-2 Bath split floorplan with laundry, spacious living areas, private shaded balcony, and covered parking. Approx 2.5 miles from ASU with great access to shopping, dining, major Valley employment centers, and freeways. An attractive opportunity for ASU students, buy-and-hold investors, portfolio growth, and 1031 Exchange buyers. Following the current lease, explore future Long-Term & Mid-Term rental strategies. This in-demand rental hub with local property management available makes purchasing seamless for out-of-state portfolios. One of the few locations to allow 30+ day rentals (MTR). Capitalize on high-yielding Lease-by-Room, transitional academic stays, corporate, and traveling medical staff. HOA dues include: exterior maintenance, roofing, blanket insurance, water, sewer, trash. Financing eligibility is subject to lender/project approval and may include conventional and DSCR. Investor analysis provided upon request. Buyer to independently verify all facts, HOA & rental rules, financing, and project eligibility.
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Additional Information
- Interior Features
- Full Bth Master Bdrm, Granite Counters, Vaulted Ceiling(s), No Interior Steps
- Exterior Features
- Balcony, Storage
- Taxes
- $1,195
- HOA Fee
- $445
- HOA Freqency
- Monthly
- Flooring
- Carpet, Tile
- Appliances
- Dishwasher, Disposal, Refrigerator, Microwave, Electric Range, Washer, Dryer
- Heating
- Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Wood Frame, Painted, Brick Veneer, Wood Siding
- Stories
- 2
- Parking Features
- Assigned Parking, Detached Carport
- Elementary School
- Broadmor Elementary School
- Middle School
- Connolly Middle School
- High School
- Tempe High School
- View
- City
Listing courtesy of DeLex Realty.
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