200 E SOUTHERN Avenue 224

Tempe, AZ 85282

Tempe, AZ 85282

200 E SOUTHERN Avenue 224

$255,000

MLS#: 7009928

Status: Active

Listing provided by: DeLex Realty

Listing agent phone: None

Last update: 17 hours ago

On site: 29 days ago

Chesapeake Condominium - Residential

About

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

Beds

2

Full Baths

2

1/2 Baths

None

Year Built

1986

Sq.Footage

941

Features

Features & Amenities

Interior

  • Other Interior Features

    Granite Counters, Vaulted Ceiling(s)

  • Total Bedrooms

    2

  • Bathrooms

    2

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick Veneer, Wood Siding, Frame

  • Other Exterior Features

    Balcony, Storage

  • Parking

    Detached Carport, Assigned

  • Pool

    No

  • View

    City

Area & Lot

  • Lot Size(acres)

    0.03

  • Lot Size(square feet)

    1202.0

  • Property Type

    Residential

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $255,000

  • Tax Amount

    $1,195

  • Sq. Footage

    941

  • Price/SqFt

    $270

HOA

  • Association

    YES

  • Association Fee

    $445.39

  • Association Fee Frequency

    Monthly

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Tempe School District

  • Middle School

    Connolly Middle School

  • High School

    Tempe High School

Property Features

  • Stories

    2

  • Ownership

    Condominium

  • Sewer

    Public Sewer

  • Tax Lot

    224

  • Water Source

    Public

Schedule

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Location

  • County

    Maricopa

  • Elementary School

    Tempe School District

  • Middle School

    Connolly Middle School

  • High School

    Tempe High School

Listing Courtesy of Liza Rhima , DeLex Realty

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200 E SOUTHERN Avenue 224

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