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111 E Bonita Way, Tempe, AZ 85281

Tempe
Local realty services provided by:CENTURY 21 Arizona West
111 E Bonita Way,Tempe, AZ 85281
$850,000
  • 5 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: brian j cunningham
Office: exp realty
MLS#:7067136
Source:ARMLS

Price summary

  • Price:$850,000

About this home

Premier ASU Investment Opportunity -- renovated main house + detached ADU in process! Rare 11,000+ sqft lot minutes from Arizona State University. Ideal as a high-demand student rental, owner-occupied investment, or long-term hold. Move-in-ready 4BD/2BA main house w/ fresh paint & new flooring. New detached 1BD/1BA guest house--private entrance, full kitchen, stacked laundry--currently in process. Upgraded primary bath also underway. Projected combined rents $4,850-$5,450/mo; plans, timeline & rent analysis available on request. No HOA, detached garage + 6 spaces. Renderings depict completed construction. Cash & renovation-friendly financing welcome.

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Home facts

  • Year built:1951
  • Subdivision & Development:UNIVERSITY ESTATES
  • Listing ID #:7067136
  • Updated:August 19, 2026 at 03:02 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Flooring:Carpet, Vinyl

Heating and cooling

  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Year built:1951
  • Construction Materials:Painted, Slump Block

Schools

  • High school:Tempe High School
  • Middle school:Connolly Middle School
  • Elementary school:Broadmor Elementary School

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$850,000
  • Tax amount:$1,683 (2025)

Parking

  • Total parking spaces:1
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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