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About the Listing reog02 - ew153
INCREDIBLE INVESTOR OPPORTUNITY -- RARE 4-PLEX IN TEMPE WITH A 9.08% CAP RATE! This high-performing multi-family asset is located just minutes from Arizona State University (ASU), Tempe Town Lake, major employment corridors, and Phoenix Sky Harbor International Airport. Properties in this pocket remain in constant demand, offering extremely low vacancy rates and consistent rental strength year-round. Fully leased and cash-flowing from day one, this 4-plex delivers one of the highest cap rates available in Tempe for a property of its kind--9.08%. Strong tenant base, stable rent rolls, and immediate income make this an ideal acquisition for buy-and-hold investors, 1031 buyers, or portfolio builders seeking reliable returns. Opportunities with this level of return in Tempe are extremely rare!
Listing Highlights
Status
Active
Days on Site
45
Property Type
Multi-Family
MLS ®
6973787
Year Built
1970
Total Square Footage
0
Lot/Acreage
N/A
County
Maricopa
Neighborhood
Westway Park
School District
Tempe School District
Elementary School
Carminati School
Middle School
Connolly Middle School
High School
Tempe High School
Interior Details
- Bedrooms: 4
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Heat Pump
- Heating: Central
- Fireplaces:
- Floor: Carpet,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City Franchise
Exterior Details
- Garage Capacity: N/A
- Roof: Foam
- Others:
- Sewer: Public Sewer
- Parking Features: Carport
Financial Details
- Tax Amount: $2,670
- Taxes w/Assessments: N/A
- Tax/Property ID: 123-42-063
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
1253 W Southern Ave Tempe, AZ 85282
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