About 200 E Southern Avenue (unit 224)
ASU-AREA INVESTMENT OPPORTUNITY | Immediate Rental Income + 30+ Day Rental Flexibility + Future Upside in the Heart of Tempe! Prime Southern & Mill Location - Lender Partners Ready To Go - Long-Term Tenant Occupied - Community Improvements Underway - 30-Day Rentals Allowed - Inside & Community Laundry - Two Pools & Two Spas - Popular ASU Owner/Rental Site. Buy today with immediate rental income and future upside potential. 2 Bed-2 Bath split floorplan with laundry, spacious living areas, private shaded balcony, and covered parking. Approx 2.5 miles from ASU with great access to shopping, dining, major Valley employment centers, and freeways. An attractive opportunity for ASU students, buy-and-hold investors, portfolio growth, and 1031 Exchange buyers. Following the current lease, explore future Long-Term & Mid-Term rental strategies. This in-demand rental hub with local property management available makes purchasing seamless for out-of-state portfolios. One of the few locations to allow 30+ day rentals (MTR). Capitalize on high-yielding Lease-by-Room, transitional academic stays, corporate, and traveling medical staff. HOA dues include: exterior maintenance, roofing, blanket insurance, water, sewer, trash. Financing eligibility is subject to lender/project approval and may include conventional and DSCR. Investor analysis provided upon request. Buyer to independently verify all facts, HOA & rental rules, financing, and project eligibility.
Features of 200 E Southern Avenue (unit 224)
| MLS® # | 7009928 |
|---|---|
| Price | $249,900 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Square Footage | 941 |
| Acres | 0.03 |
| Year Built | 1986 |
| Type | Residential |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 200 E Southern Avenue (unit 224) |
|---|---|
| Subdivision | Chesapeake Condominium |
| City | Tempe |
| County | Maricopa |
| State | AZ |
| Zip Code | 85282 |
Amenities
| Amenities / Community Features | Pool, Community Spa, Near Bus Stop, Community Laundry |
|---|---|
| Utilities | SRP |
| Parking Spaces | 1 |
| Parking | Detached Carport, Assigned |
| View | City |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Granite Counters, No Interior Steps, Vaulted Ceiling(s), Full Bth Master Bdrm |
|---|---|
| Appliances | Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Range |
| Heating | Electric |
| Cooling | Central Air |
| Fireplace | Yes |
| Fireplaces | Living Room |
| # of Stories | 2 |
Exterior
| Exterior Features | Balcony, Storage |
|---|---|
| Lot / Property Description | Borders Common Area, North/South Exposure, Grass Front, Grass Back |
| Unit Style | All on One Level, Two Common Walls, Neighbor Below, End Unit, Courtyard Facing, Street Facing |
| Roof | Tile |
| Construction | Brick Veneer, Wood Siding, Wood Frame, Painted |
School Information
| District | Tempe Union High School District |
|---|---|
| Elementary | Broadmor Elementary School |
| Middle | Connolly Middle School |
| High | Tempe High School |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | DeLex Realty |
|---|