AZ
Maricopa
Tempe
85282
200 E SOUTHERN Avenue 224
200 E SOUTHERN Avenue 224, Tempe, AZ 85282
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Listing Type
other
Listing Status
Active
31
$249,900

Home Details for 200 E SOUTHERN Avenue 224

Price
$249,900
Type
Residential
Bedrooms
2
Total Bathrooms
2
Full Bathrooms
2
Square feet
941
Year built
1986
Lot size acres
0.03
County
Maricopa
Days on site
129
Listing #
7009928
Hoa
445.39
Listing Courtesy: DeLex Realty - 602-910-3002
Property Description

ASU-AREA INVESTOR OPPORTUNITY in the heart of Tempe! Tenant-occupied 2 bed / 2 bath condo offering immediate rental income and future upside potential. Desirable split floorplan with inside laundry, spacious living areas, a private shaded balcony, and covered parking. Sought-after location approximately 2.5 miles from ASU with convenient access to shopping, dining, major Valley employment centers, and freeways. | An attractive opportunity for buy-and-hold investors, portfolio growth, and 1031 Exchange buyers. Following the current lease, explore future Long-Term or Mid-Term rental strategies, subject to HOA rules and buyer verification. Situated in an always-in-demand rental hub with local property management available for seamless out-of-state portfolios. | One of the few locations to allow 30+ day mid-term rentals (MTR). Capitalize on high-yielding transitional academic stays, corporate, and traveling medical staff. HOA dues include exterior maintenance, roofing, blanket insurance, water, sewer, trash, and access to 2 heated pools and hot tubs. Financing eligibility is subject to lender/project approval and may include conventional, portfolio, DSCR, non-QM, or other alternative financing depending on lender, borrower, and project approval. Investor analysis may be provided upon request. Buyer to independently verify all facts, rental rules, financing, and project eligibility.

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Property Features
  • House Interior
    • Granite Counters
    • Vaulted Ceiling(s)
  • Parking
    • Detached Carport
    • Assigned
  • Cooling Information
    • Central Air
  • Heating Information
    • Electric
  • Water Features
    • Public
  • Fire Place
    • Living Room
School Information
School Information for 200 E SOUTHERN Avenue 224, Tempe, AZ 85282
Elementary School
Broadmor Elementary School
Middle School
Connolly Middle School
High School
Tempe High School
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Last Updated: 2026-09-10 18:10:35
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EXIT REALTY LIVING
64 E. Broadway Rd. Ste 200, Tempe, AZ 85282
Office
480 791 4604
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