BEDS2
BATHS
SQUARE FEET941
MLS#7009928
STATUSActive
PROPERTY TYPEResidential -
SUBDIVISIONChesapeake Condominium
SCHOOLTempe Union High School District
Property Description
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.
Property Features
Property Type: Residential -
Cooling: Central Air
Fenced: Yes
Fireplaces: 1
Heating: Electric
Lot Size: 0.03 Acres
Roof Type: Tile
Stories: 2.0
Taxes: $1,195
Year Built: 1986
Feature Descriptions
Assoc. Fee Includes: Maintenance Exterior, Roof Repair, Roof Replacement, Insurance, Water, Sewer, Trash, Maintenance Grounds, Street Maint
Community Features: Community Laundry, Community Spa, Near Bus Stop
Days on Site: 29
Exterior: Balcony, Storage
Exterior: Wood Frame, Painted, Brick Veneer, Wood Siding
Fee HOA: 445.39/Monthly
Fireplace: Living Room
Flooring: Carpet, Tile
HOA Y/N: Yes
Interior: Full Bth Master Bdrm, Granite Counters, Vaulted Ceiling(s), No Interior Steps
Laundry: Inside
Parking: Assigned Parking, Detached Carport
Property Sub Type: Apartment
Spa: Heated
Spa: Yes
Special View Info: City
Water: Public
Local Schools
High School: Tempe High School
Middle School: Connolly Middle School
Elementary School: Broadmor Elementary School
School District: Tempe Union High School District
Listed By / Shown By
Listed By
Agency Name: DeLex Realty
Agency Phone: 602-910-3002
Shown By
Agency Title: Cindy Nelson - Realty One Group
Agency Phone: 480-535-0060
Estimate Your Payment
Estimated Payment
$ 1,705.14 per month $1,531.18 Principal & Interest $99.58 Property Tax $74.38 Homeowner's Insurance
200 E Southern Avenue, Unit 224 | MLS# 7009928
This home located at 200 E Southern Avenue, Unit 224, Tempe, AZ 85282 is currently listed for sale with an asking price of $255,000. This property was built in 1986 and has 2 bedrooms with 941 sq. ft. E Southern Avenue, Unit 224 is located in the Chesapeake Condominium subdivision within the Tempe Union High School District school district. Search Chesapeake Condominium real estate on www.cindynelsonazrealtor.com today.