Viewing Listing MLS# 7009928
$255,000 | 2 beds | 2 full baths | N/A half baths | 941 sqft
Tempe, AZ 85282
- 2Beds
- 2.00Total Baths
- 941SqFt
- 1986Year Built
- 0.03Acres
- 40 yearsEst Age
- MLS# 7009928
- Residential
- Apartment
- Active
- Approx Time on Market2 months, 4 days
- AreaN/A
- CountyMaricopa
- Subdivision Chesapeake Condominium
Overview
Investor opportunity in the heart of Tempe! Tenant-occupied 2 bed / 2 bath condo providing immediate rental income with long-term upside potential. Ideal for buy-and-hold investors, STR repositioning, 1031 Exchange, or value-add portfolio buyers. Desirable split floorplan with inside laundry, private balcony, and strong rental demand location near ASU, shopping, dining, freeways, and major employment corridors. Community ongoing repair and improvement plans in progress so cash buyers or alternative financing such as non-QM, DSCR, or portfolio lending may be most suitable. Excellent opportunity to acquire a Tempe investment property below surrounding market pricing with future upside potential. HOA $445.39 monthly includes exterior maint., roof, water, sewer, 2 community pools, and more.
Agriculture / Farm
Association Fees / Info
Hoa Fees Frequency: Monthly
Hoa Fees: 445.39
Hoa Includes: Roof Repair, Insurance, Sewer, Maintenance Grounds, Street Maint, Trash, Water, Roof Replacement, Maintenance Exterior
Community Features: Pool, Community Spa, Near Bus Stop, Community Laundry
Hoa: Yes
Bathroom Info
Total Baths: 2
Building Info
Construction Materials: Brick Veneer, Wood Siding, Wood Frame, Painted
Builders Name: UNK
Roof: Tile
Exterior Features
Fireplace Features: Living Room
Exterior Features: Balcony, Storage
Fencing: Wood
Garage / Parking
Parking Features: Detached Carport, Assigned
Interior Features
Flooring: Carpet, Tile
Appliances: Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Range
Interior Features: Granite Counters, No Interior Steps, Vaulted Ceiling(s), Full Bth Master Bdrm
Laundry Features: Inside
Fireplace: Yes
Lot Info
Lot Size Units: Square Feet
Lot Features: Borders Common Area, North/South Exposure, Grass Front, Grass Back
Lot Sqft: 1202
Misc
Spa Features: Heated
Possession: Subject To Tenant Rights
Other
Special Listing Conditions: N/A
Other School Info
Property Info
Property Attached: Yes
Room Info
Sqft Info
Living Area Source: Assessor
Sqft: 941
Tax Info
Tax Legal Description: LOT 224 CHESAPEAKE CONDOMINIUM MCR 083937
Tax Amount Annual: 1195
Unit Info
Unit: 224
Utilities / Hvac
Water Source: City Water
Cooling: Yes
Cool System: Central Air
Heating: Electric
Heating: Yes
Sewer: Public Sewer
Waterfront / Water
View: City
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
Listings courtesy of Delex Realty
MLS# 7035241 
