Listing provided courtesy of DeLex Realty- MLS# 7009928
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Request Info- Tempe Investment Opportunity
- Tenant in Place
- Future Short Term Rental Potential
- Income-Producing Property
- Immediate Rental Income
- Fantastic Amenities
- Buy & Hold Opportunity
- Strong Rental Demand Area
- Future Upside Potential
- Value-Add Potential
- Near Arizona State University
- Near Major Employment Hubs
- Prime Tempe Location
- Central Valley Location
- Minutes to Freeway Access
- Convenient Urban Living
- Long-Term Rental Potential
- Split Bedroom Floorplan
- SplitPad Potential
- Add to Your Portfolio
- Cash Flow Opportunity
- Established Rental Area
- Below Peak Market Pricing
- Rental Demand Corridor
- Low Vacancy Area
- Future Reposition Potential
- Tempe Portfolio Asset
- Investment Property Potential
- Acquire Below Replacement Cost
- Investment Opportunity Awaits
200 E SOUTHERN Avenue #224Tempe, AZ 85282
Single Family · 2 Beds · 2 Full Baths · 941 Sq. ft. | 0.03 Acres$249,900
Active
200 E SOUTHERN Avenue #224 Overview
- Time on Site:
- 57 days
- Visits:
- 0
Investor Value Alert! Opportunity in the heart of Tempe. Tenant-occupied 2 bed, 2 bath condo providing immediate rental income with future upside potential. Desirable split floorplan, inside laundry, private balcony, and spacious living areas. Excellent location near ASU, shopping, dining, major employers, and freeway access. Attractive option for buy-and-hold investors, 1031 Exchange buyers, and long-term portfolio growth. Community improvements and repair projects are underway, creating potential long-term value enhancement. HOA includes exterior maintenance, roof, water, sewer, two community pools, and more. Rare opportunity to acquire a Tempe investment property at an attractive price point within a highly sought-after rental market. Buyer to independently verify financing and
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200 E SOUTHERN Avenue #224 Facts & Features
- Type Single Family
- Sq. ft. 941
- Price/Sq.ft. $266
- Lot 0.03 Acres
Details
General
Association/HOA
- Association Fee: $445.39
- Association Fee Frequency: Monthly
- Association Fee Includes: Roof Repair,Insurance,Sewer,Maintenance Grounds,Street Maint,Trash,Water,Roof Replacement,Maintenance Exterior
- Association Name: Chesapeake Owners
- Association: true
School Information
- School District: Tempe Union High School District
- Elementary School: Broadmor Elementary School
- Middle Or Junior School: Connolly Middle School
- High School: Tempe High School
Building Information
- Builder Name: UNK
- Year Built: 1986
Location/Region
- Country: US
- County Or Parish: Maricopa
- Postal City: Tempe
- Subdivision Name: Chesapeake Condominium
- Township: 1N
Community/Development
- Community Features: Pool,Community Spa,Near Bus Stop,Community Laundry
Rent/Lease Information
- Land Lease: false
Tax Information
- Tax Annual Amount: $1,195.00
- Tax Year: 2025
General Information
- Disclosures: Seller Discl Avail
- Listing Terms: Cash,1031 Exchange
- Ownership: Condominium
- Parcel Number: 133-46-233
- Property Sub Type: Apartment
- Property Type: Residential
- Special Listing Conditions: N/A
Interior
Beds/Baths
- Bathrooms Full: 2
- Bathrooms Half: 0
- Bathrooms Total: 2
- Bedrooms Total: 2
- Bedrooms Possible: 2
Building Interior
- Building Area Source: Assessor
General Information
- Common Walls: Two Common Walls,Neighbor Below,End Unit
- Fireplace Features: Living Room
- Fireplace: true
- Fireplaces Total: 1
- Flooring: Carpet,Tile
- Interior Features: Granite Counters,No Interior Steps,Vaulted Ceiling(s),Full Bth Master Bdrm
- Laundry Features: Inside
- Living Area: 941.0
- Living Area Source: Assessor
- Rooms Total: 0
- Spa Features: Heated
- Stories Total: 2
Unit Information
- Unit Number: 224
Exterior
Parking Information
- Parking Features: Detached Carport,Assigned
Lot Information
- Lot Features: Borders Common Area,North/South Exposure,Grass Front,Grass Back
- Lot Size Area: 1202.0
- Lot Size Source: Assessor
- Lot Size Square Feet: 1202.0
- Lot Size Units: Square Feet
- Road Responsibility: Private Maintained Road
- Road Surface Type: Paved
- Water Source: City Water
Waterfront/View
- View: City
Building Exterior/Construction
- Attached Garage: false
- Construction Materials: Brick Veneer,Wood Siding,Wood Frame,Painted
- Property Attached: true
- Roof: Tile
General Information
- Carport Spaces: 1.0
- Covered Spaces: 1.0
- Exterior Features: Balcony,Storage
- Fencing: Wood
- Horse: false
- Pool Private: false
- Sewer: Public Sewer
200 E SOUTHERN Avenue #224 Neighborhood
Community
85282 (Tempe) Demographics
33
Median Age
5,043
Population Density (per sq. mile)
52%
College Educated
$61,700
Estimated Median Income
10,651
Estimated Total Home Owners
13,780
Estimated Total Renters
44% / 56%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.200 E SOUTHERN Avenue #224 Monthly Cost
200 E SOUTHERN Avenue #224 Market Data
Based on the last 30 days in this zip code
$436,383
Average List Price
$280
Average Price per Square Foot
46
Properties Sold
65
Average Days on Market
171
Properties for Sale
200 E SOUTHERN Avenue #224 History
| Date | Value | Agent |
|---|---|---|
| 6/10/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area | $249,900 -2.0% |
|
| 5/4/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area | May 04, 2026 |
|
| 11/1/2024Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area | November 01, 2024 |
|
| 10/26/2024Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area | October 26, 2024 |