About This Home

This 5-bedroom, 3-bathroom residential multi family at 111 E BONITA Way in Tempe, AZ is listed for $850,000. Built in 1951, on a N/A lot.

Key Features

  • Built in 1951

Property Details

3 full
1951

Amenities

A/C
Listing Description

Premier ASU Investment Opportunity -- renovated main house + detached ADU in process! Rare 11,000+ sqft lot minutes from Arizona State University. Ideal as a high-demand student rental, owner-occupied investment, or long-term hold. Move-in-ready 4BD/2BA main house w/ fresh paint & new flooring.

New detached 1BD/1BA guest house--private entrance, full kitchen, stacked laundry--currently in process. Upgraded primary bath also underway. Projected combined rents $4,850-$5,450/mo; plans, timeline & rent analysis available on request. No HOA, detached garage + 6 spaces. Renderings depict completed construction. Cash & renovation-friendly financing welcome.

Monthly Cost Estimate

$4,546/mo

20% down · 6.5% · 30 years

Principal$615
Interest$3,683
Insurance$248

Estimates only. Actual payments may vary.

Location

111 E BONITA Way

Tempe, AZ 85281

UNIVERSITY ESTATES

Property Details

Flooring

CarpetVinyl

Construction

Painted Slump Block

Parking

Garage - Detached

Heating

Electric (Heating)

Cooling

Central Air

Appliances

DisposalRefrigeratorBuilt-In Electric Oven

Questions & Answers

This 5-bedroom, 3-bathroom residential multi family at 111 E BONITA Way is listed at $850,000. The estimated monthly payment is $4,546 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1951.

This property is listed by Brian J Cunningham.

BC

Brian J Cunningham

Agent at eXp Realty

Listed by eXp Realty · Broker phone: (888) 897-7821 · View on Broker Site · Broker website

MLS# 7067136· Source: Arizona Regional Multiple Listing Service, Inc.· 74 days on PropertySimple

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

111 E BONITA Way, Tempe, AZ 85281

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