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200 E Southern Avenue #224, Tempe, AZ 85282

Tempe
Local realty services provided by:CENTURY 21 Desert Estates Realty
200 E Southern Avenue #224,Tempe, AZ 85282
$249,900
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  • 2 Beds
  • 2 Baths
  • 941 sq. ft.
  • Condominium
  • Active
Listed by: liza rhima
Office: delex realty
MLS#:7009928
Source:ARMLS

Price summary

  • Price:$249,900
  • Price per sq. ft.:$265.57
  • Monthly HOA dues:$445

About this home

Investor opportunity in the heart of Tempe! Tenant-occupied 2 bed / 2 bath condo providing immediate rental income with optimized mid-term rental upside potential. This unit features a highly desirable split floorplan, inside laundry, a private shaded balcony, and spacious living areas. Unbeatable location just 2.5 miles from ASU, shopping, dining, major valley employers, and immediate freeway access. An attractive option for buy-and-hold investors, 1031 Exchange buyers, and portfolio growth. Active HOA community repair projects offer a built-in equity cushion and long-term value enhancement. Dues cover exterior maintenance, roofing, blanket insurance, water, sewer, trash, and access to 2 heated pools and hot tubs. Buyer to independently verify all property rules. Highest & Best Use Strategy: While currently stabilized as a long-term rental, this asset is primed for an optimized roadmap to transition into a premium 30-to-90+ day Mid-Term Rental (MTR) to capitalize on high-yielding...

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Home facts

  • Year built:1986
  • Subdivision & Development:Chesapeake Condominium
  • Listing ID #:7009928
  • Updated:July 30, 2026 at 03:27 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Flooring:Carpet, Tile
  • Living area:941 sq. ft.

Heating and cooling

  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Year built:1986
  • Building area:941 sq. ft.
  • Lot area:0.03 Acres
  • Lot Features:Borders Common Area, Grass Back, Grass Front, North/South Exposure
  • Construction Materials:Brick Veneer, Painted
  • Exterior Features:Balcony, Storage

Schools

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

Utilities

  • Water:City Water

Finances and disclosures

  • Price:$249,900
  • Price per sq. ft.:$265.57
  • Tax amount:$1,195 (2025)

Parking

  • Parking description:Assigned
  • Carport 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. ARMLS Member Broker: JoAnn Ayres

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