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About the Listing dvpt03 - lr212
ASU-AREA INVESTOR OPPORTUNITY in the heart of Tempe! Tenant-occupied 2 bed / 2 bath condo offering immediate rental income and future upside potential. Desirable split floorplan with inside laundry, spacious living areas, a private shaded balcony, and covered parking. Sought-after location approximately 2.5 miles from ASU with convenient access to shopping, dining, major Valley employment centers, and freeways. | An attractive opportunity for buy-and-hold investors, portfolio growth, and 1031 Exchange buyers. Following the current lease, explore future Long-Term or Mid-Term rental strategies, subject to HOA rules and buyer verification. Situated in an always-in-demand rental hub with local property management available for seamless out-of-state portfolios. | One of the few locations to allow 30+ day mid-term rentals (MTR). Capitalize on high-yielding transitional academic stays, corporate, and traveling medical staff. HOA dues include exterior maintenance, roofing, blanket insurance, water, sewer, trash, and access to 2 heated pools and hot tubs. Financing eligibility is subject to lender/project approval and may include conventional, portfolio, DSCR, non-QM, or other alternative financing depending on lender, borrower, and project approval. Investor analysis may be provided upon request. Buyer to independently verify all facts, rental rules, financing, and project eligibility.
Listing Highlights
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
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
200 E Southern Ave Unit 224 Tempe, AZ 85282
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