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About the Listing dele001 - lr212
Investor opportunity in the heart of Tempe! Tenant-occupied 2 bed / 2 bath condo providing immediate rental income with long-term upside potential. Ideal for buy-and-hold investors, STR repositioning, 1031 Exchange, or value-add portfolio buyers. Desirable split floorplan with inside laundry, private balcony, and strong rental demand location near ASU, shopping, dining, freeways, and major employment corridors. Community ongoing repair and improvement plans in progress so cash buyers or alternative financing such as non-QM, DSCR, or portfolio lending may be most suitable. Excellent opportunity to acquire a Tempe investment property below surrounding market pricing with future upside potential. HOA $445.39 monthly includes exterior maint., roof, water, sewer, 2 community pools, and more.
Listing Highlights
Status
Active
Days on Site
36
Property Type
Condo/Townhome
MLS ®
7009928
Year Built
1986
Total Square Footage
941
Lot/Acreage
0.03
County
Maricopa
Neighborhood
Chesapeake Condominium
HOA Dues
445/Monthly
School District
Tempe School District
Elementary School
Broadmor Elementary School
Middle School
Connolly Middle School
High School
Tempe High School
Interior Details
- Bedrooms: 2
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Central Air
- Heating: Electric
- Fireplaces: Living Room
- Floor: Carpet,Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Granite Counters,No Interior Steps,Vaulted Ceiling(s),Full Bth Master Bdrm
- Water: City Water
Exterior Details
- Lot Description: Borders Common Area,North/South Exposure,Grass Front,Grass Back
- Garage Capacity: N/A
- Roof: Tile
- Others: Balcony,Storage
- Sewer: Public Sewer
- Parking Features: Detached Carport,Assigned
Financial Details
- Tax Amount: $1,195
- Taxes w/Assessments: N/A
- Tax/Property ID: 133-46-233
- Tax Year: 2025
Payment Calculator
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Questions About..
200 E Southern Ave Unit 224 Tempe, AZ 85282
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