200 E Southern Avenue Unit 224, Tempe, AZ 85282
- $249,900
- 2
- BD
- 2
- BA
- 941
- SqFt
- List Price
- $249,900
- Price Change
- ▼ $5,100 1781150947
- Days on Market
- 160
- Status
- ACTIVE
- MLS#
- 7009928
- City
- Tempe
- Bedrooms
- 2
- Bathrooms
- 2
- Living SQFT
- 941
- Lot Size
- 1,202
- Subdivision
- Chesapeake Condominium
- Year Built
- 1986
- Type
- Apartment
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
- Elementary School
- Broadmor Elementary School
- High School
- Tempe High School
- Middle School
- Connolly Middle School
- Acres
- 0.03
- Assoc Fee Includes
- Maintenance Exterior, Roof Repair, Roof Replacement, Insurance, Water, Sewer, Trash, Maintenance Grounds, Street Maint
- Hoa Fee
- $445
- Hoa Fee Frequency
- Monthly
- Hoa
- Yes
- Hoa Name
- Chesapeake Owners
- Builder Name
- UNK
- Community Features
- Community Laundry, Community Spa, Near Bus Stop
- Construction
- Wood Frame, Painted, Brick Veneer, Wood Siding
- Cooling
- Central Air
- Exterior Features
- Balcony, Storage
- Fencing
- Wood
- Fireplace
- Living Room
- Flooring
- Carpet, Tile
- Heating
- Electric
- Laundry
- Inside
- Living Area
- 941
- Lot Size
- 1,202
- New Financing
- Cash, Cash to Loan, Conventional, 1031 Exchange
- Other Rooms
- Great Room
- Parking Features
- Assigned Parking, Detached Carport
- Roofing
- Tile
- Spa
- Heated
- Stories
- 2
- Subdivision
- Chesapeake Condominium
- Taxes
- $1,195
- Tax Year
- 2025
- Water
- Public
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Listing courtesy of DeLex Realty.
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