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About This Home
This 2-bedroom, 2-bathroom multi-family at 200 E SOUTHERN Avenue in Tempe, AZ is listed for $255,000 ($271 per sqft). Built in 1986, the home offers 941 sqft of living space on a 0.03 acres lot.
Coming Soon - Investor Opportunity: Located in the heart of Tempe, this 2-beds, 2-bath condominium offers a compelling opportunity for investors seeking immediate rental income with long-term upside. Currently tenant-occupied with a lease in place through November 2026, this property provides stable in-place income and future potential for repositioning.
- The unit features approx. 941 sqft with a split layout, including spacious living areas and private outdoor space. Situated within a well-located community near major employment centers, shopping, dining, bus stop and freeway access, the property benefits from strong rental demand in the area. - This is a cash-only opportunity due to community and financing considerations, making it ideal for seasoned investors adding to their portfolio.
Key Features
- Built in 1986
- 0.03 acre lot
- 2 stories
- Fireplace
Property Details
Amenities
Monthly Cost Estimate
$1,809/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
200 E SOUTHERN Avenue
Tempe, AZ 85282
Chesapeake Condominium
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Views
Parking
Heating
Cooling
Appliances
Questions & Answers
This 2-bedroom, 2-bathroom multi-family at 200 E SOUTHERN Avenue is listed at $255,000 ($271/sqft). The estimated monthly payment is $1,550 based on 20% down at 6.5% interest.
HOA fees are $445/month.
Key features include: Built in 1986, 0.03 acre lot, 2 stories, Fireplace. Interior Features: Granite Counters, Vaulted Ceiling(s), Full Bth Master Bdrm. Exterior Features: Balcony, Storage.
This property is listed by Liza Rhima and can be reached at 4807884016 or lizarhima@gmail.com.
