200 East SOUTHERN Avenue 224 Tempe, AZ 85282

$249,900
2
Beds
2
Baths
0.03
Acres
941
SQFT
266
$/SQFT
$249,900
2
Beds
2
Baths
941   sf
$266 / sf
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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.

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.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Maricopa
  • Area
    Tempe
  • HOA Dues
    $445/mo
  • Tax Amount
    $1,195
  • Status
    Active
  • Listing #
    7009928
  • Built
    1986
  • Lot Size
    0.03
  • Listed on site
    144 days
  • Listing Agent Id
    lr212

Listed by:
DeLex Realty

mls source logo Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)
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Community Features

  • Community Pool
  • Has HOA
  • Not Age Restricted

Exterior features

  • No Pool

Property History

DateDays AgoEventNew Price
Jun 15, 20263 mos agoPrice decreased5,100 (2%)$249,900
May 4, 20265 mos agoNew on market$255,000
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