$255,000
Tempe, AZ 85282
MLS# 7009928
2 beds | 2 baths
Property 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.
Details
Maps
Contract Information
List Price: $255,000
Status: Active
Current Price: $255,000
List Date: 2026-04-04
Type: Exclusive Right To Sell
Ownership: Condominium
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 200
Compass: E
Street Name: SOUTHERN
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 5156
Country: US
County Code: Maricopa
Assessor Number: 133-46-233
Subdivision: Chesapeake Condominium
Tax Year: 2025
General Property Description
Dwelling Type: Apartment
Dwelling Styles: Stacked
Exterior Stories: 2
# of Interior Levels: 1
# Bedrooms: 2
Full Bathrooms: 2
Total Bathrooms: 2
Approx SQFT: 941
Price/SqFt: 270.99
Horses: N
Builder Name: UNK
Year Built: 1986
Approx Lot SqFt: 1202
Approx Lot Acres: 0.028
Flood Zone: No
Community Pool Y/N: Yes
Private Pool Y/N: No
Fireplace YN: Yes
Fireplaces Total: 1
Marketing Name: Chesapeake Condominium
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Broadmor Elementary School
Jr. High School: Connolly Middle School
High School: Tempe High School
Remarks Misc
Cross Street: Southern Ave and Mill Ave
Geo Lat: 33.393141
Geo Lon: -111.936141
Legal Info
Township: 1N
Range: 4E
Section: 27
Lot Number: 224
Basement
Basement Y/N: N
Parking Spaces
Carport Spaces: 1
Total Covered Spaces: 1
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Special Listing Cond: N/A
Master Bathroom: Full Bth Master Bdrm
Master Bedroom: Split
Additional Bedroom: Other Bedroom Split; Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet
Fireplace Features: Fireplace Living Rm
Flooring: Carpet; Tile
Community Pool Features: Fenced; Outdoor
Spa: Heated
Community Features: Community Laundry; Community Spa; Near Bus Stop
Dining Area: Dining in LR/GR
Kitchen Features: Electric Range; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Granite Counters
Laundry: Washer Included; Dryer Included; Inside
Other Rooms: Great Room
Interior Features: Vaulted Ceiling(s)
Exterior Features: Balcony; Storage
Parking Features: Detached Carport; Assigned Parking
Road Access Type: City Street
Road Surface Type: Paved
Road Responsibility: Private Maintained Road
Construction: Wood Frame
Const - Finish: Wood Siding; Painted; Brick Veneer
Roofing: Tile
Cooling: Central Air
Heating: Electric
Utilities: SRP
Water Source: City Water
Sewer: Sewer - Public
Fencing: Wood
Property Description: North/South Exposure; Borders Common Area
Landscaping: Grass Front; Grass Back
Showing Notification Methods: Text
Lockbox Type: None
Possession: Close of Escrow
Unit Style: All on One Level; Two Common Walls; Neighbor Below; End Unit; Street Facing
Association Fee Incl: Exterior Mnt of Unit; Roof Repair; Roof Replacement; Blanket Ins Policy; Water; Sewer; Garbage Collection; Common Area Maint; Street Maint
Existing 1st Loan: Conventional
Existing 1st Loan Terms: Non Assumable
New Financing: Cash; Cash to Loan
Disclosures: Seller Discl Avail
Listing Office: DeLex Realty
Last Updated: May - 04 - 2026
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