For Sale Condo MLS# 7009928

200 E SOUTHERN Avenue 224

Tempe, AZ 85282

$249,900

Take the tour

About 200 E SOUTHERN Avenue 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.

Property details

Property

Type
Apartment
MLS type
Lease
Status
Active
Year built
1986
Stories
2
Living area
941 sqft
Price / sqft
$266
Lot
0.03
Original price
$255,000
MLS #
7009928

Interior

Features
Central Air, Granite Counters, No Interior Steps, Vaulted Ceiling(s), Full Bth Master Bdrm, Electric, Inside, Carpet, Tile, Living Room, Fireplace
Flooring
Carpet, Tile
Heating
Electric
Cooling
Central Air
Laundry
Inside

Exterior & lot

Features
Balcony, Storage, Heated, Detached Carport, Assigned
Construction
Brick Veneer, Wood Siding, Wood Frame, Painted, Tile
Roof
Tile
Lot
13346233, Wood
Fence
Wood
Parking
Detached Carport, Assigned

Schools

District
Tempe School District
Elementary
Broadmor Elementary School
Middle
Connolly Middle School
High
Tempe High School

Utilities

Utilities
Public Sewer, City Water
Water
City Water
Sewer
Public Sewer

Financial

HOA
Yes
Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$1,195
Tax year
2025
Parcel
13346233

Location

Subdivision
Chesapeake Condominium
County
Maricopa
Neighborhood
Chesapeake
Community
Maricopa, Paved, Roof Repair, Insurance, Sewer, Maintenance Grounds, Street Maint, Trash, Water, Roof Replacement, Maintenance Exterior, 445.39, Monthly, Arizona Regional Multiple Listing Service 2, Tempe School District
Directions
Head east on E Southern Ave - Turn Left at entrance just before Chesapeake Condominium sign - Turn Right at end - Park at visitor spaces - Take 2nd walkway and go past the clubhouse and pool to Building D - Turn Right at end into stairway and go up - Unit will be on your Left

Location

Neighborhood
Chesapeake
Subdivision
Chesapeake Condominium
School district
Tempe School District

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Listed by Liza Rhima, DeLex Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.