$635,000
Gilbert, AZ 85234
MLS# 7066549
3 beds | 3 baths
1 / 29
Property Description
Investors--don't miss this rare opportunity! This is one of the limited homes in Aspire Heritage District currently approved for long-term rental use. With the HOA limiting the number of investment-owned rental properties, opportunities like this may be difficult to find again. Currently leased for $2,645/month through April 30, 2027, providing immediate rental income for the new owner. Important: To maintain its status as an approved Long-Term Investment Owned Unit, the home must remain leased in accordance with HOA requirements. Short-term rentals are not permitted. Buyer to verify all HOA rental requirements, restrictions, and transfer/continued eligibility provisions.
Details
Maps
Contract Information
List Price: $635,000
Status: Active
Current Price: $635,000
List Date: 2026-08-13
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 165
Compass: E
Street Name: LEXINGTON
St Suffix: Avenue
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85234
Country: US
County Code: Maricopa
Assessor Number: 304-15-891
Subdivision: ASPIRE AT HERITAGE DISTRICT
Tax Year: 2025
General Property Description
Dwelling Type: Townhouse
Dwelling Styles: Attached
Exterior Stories: 2
# of Interior Levels: 2
# Bedrooms: 3
Full Bathrooms: 2
Half Bathrooms: 1
Total Bathrooms: 3
Approx SQFT: 2106
Price/SqFt: 301.52
Horses: N
Model: ALBRIGHT
Builder Name: Aspire Builders
Year Built: 2021
Approx Lot SqFt: 1500
Approx Lot Acres: 0.034
Community Pool Y/N: Yes
Private Pool Y/N: No
Fireplace YN: No
Elementary School District: Gilbert Unified District
High School District: Gilbert Unified District
Elementary School: Neely Traditional Academy
Jr. High School: Mesquite Jr High School
High School: Gilbert High School
Remarks Misc
Cross Street: GILBERT/ELLIOTT
Directions: DOWNTOWN GILBERT HERITAGE DISTRICT, TURN EAST ON VAUGHN (AT OHSO/CULINARY) TO END OF THE STREET.
Geo Lat: 33.356088
Geo Lon: -111.786016
Legal Info
Township: 1S
Range: 6E
Section: 7
Lot Number: 3
Basement
Basement Y/N: N
Parking Spaces
Garage Spaces: 2
Total Covered Spaces: 2
Showing Notification Methods
Showing Service: Aligned Showings
DPR Eligible
DPR Eligible: Yes
Property Features
Special Listing Cond: N/A
Architecture: Contemporary
Building Style: String
Master Bathroom: 3/4 Bath Master Bdrm; Double Vanity; Private Toilet Room
Master Bedroom: Upstairs
Additional Bedroom: Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet
Flooring: Carpet; Tile
Window Features: Dual Pane; Low-Emissivity Windows; Vinyl Frame
Community Pool Features: Outdoor
Spa: None
Community Features: Biking/Walking Path; Gated; Near Bus Stop
Dining Area: Breakfast Bar; Breakfast Room
Kitchen Features: Electric Cooktop; Dishwasher; Refrigerator; Pantry; Granite Counters; Kitchen Island
Laundry: Washer Hookup; Upstairs Laundry
Other Rooms: Loft
Technology: High Speed Internet
Exterior Features: Patio
Parking Features: Direct Access; Garage Door Opener
Road Responsibility: Private Maintained Road
Construction: Wood Frame
Const - Finish: Painted; Stucco; Brick Veneer
Roofing: Built-Up
Cooling: Central Air; Ceiling Fan(s); Programmable Thmstat
Heating: Electric
Utilities: SRP
Water Source: City Water
Sewer: Sewer - Public
Services: City Services
Fencing: None
Property Description: North/South Exposure
Landscaping: Desert Back
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Other
Possession: Close of Escrow
Unit Style: Two Levels; Two Common Walls
Association Fee Incl: Exterior Mnt of Unit; Common Area Maint
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; FHA; Conventional
Disclosures: Other (See Remarks)
Listing Office: Four Peaks Property Management LLC
Last Updated: August - 14 - 2026
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