# 200 E SOUTHERN Avenue, Tempe, AZ 85282

> **TL;DR:** 2bd/2ba multi-family, $255,000 ($271/sqft), built 1986, 941 sqft.
> Fireplace, View, A/C. Est. $1,550/mo. Listed 58 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $255,000 |
| Price/sqft | $271 |
| Bedrooms | 2 |
| Bathrooms | 2 full |
| Square Feet | 941 |
| Year Built | 1986 |
| Lot Size | 1,202 sqft (0.03 acres) |
| Stories | 2 |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 58 |

## Why This Home Stands Out

- **Views** - City

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,105 |
| HOA | $445 |
| **Total** | **$1,550** |

## Nearby Schools

- **Elementary:** Broadmor Elementary School
- **Middle:** Connolly Middle School
- **High:** Tempe High School

## Key Amenities

- Fireplace
- View
- A/C

## Property Highlights

- Built in 1986
- 0.03 acre lot
- 2 stories
- Fireplace

## Description

### Agent Description
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.

## Location

- **Address:** 200 E SOUTHERN Avenue, Tempe, AZ 85282
- **County:** Maricopa
- **Neighborhood:** Chesapeake Condominium
- **Coordinates:** 33.393141, -111.936141
- **Google Maps:** https://www.google.com/maps?q=33.393141,-111.936141

## Listing Agent

- **Name:** Liza Rhima
- **Brokerage:** DeLex Realty
- **Phone:** 4807884016
- **Email:** lizarhima@gmail.com

## Primary Photo

![200 E SOUTHERN Avenue - Primary Photo](http://lh.rdcpix.com/0cfc9db589935884ac2f0ef3211dde84l-f2402095976r.jpg)

*30 total photos available on [listing page](https://www.propertysimple.com/listing/200-e-southern-avenue-tempe-az-85282-7009928)*

---

**MLS#:** 7009928 | **Updated:** 2026-06-17
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/200-e-southern-avenue-tempe-az-85282-7009928)

---

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