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Tempe Homes for Sale

Tempe, AZ Homes for Sale

Tempe, Arizona is a vibrant and sought-after city offering diverse real estate options, from modern condos with stunning views to charming single-family homes nestled in established neighborhoods. Living in Tempe means enjoying a dynamic lifestyle with close proximity to Arizona State University and a thriving tech industry, contributing to a strong and resilient real estate market. Whether you're a student, young professional, or family, Tempe provides a range of housing choices to suit your needs and preferences.

Beyond its desirable homes, Tempe boasts an impressive array of amenities that make it a truly exceptional place to live. Mill Avenue is the heart of the city, offering a lively mix of restaurants, bars, boutiques, and entertainment venues. Outdoor enthusiasts will appreciate Tempe Town Lake, a scenic oasis perfect for kayaking, paddleboarding, or simply enjoying a leisurely stroll along the waterfront. With its commitment to arts and culture, Tempe consistently hosts festivals, concerts, and theatrical performances throughout the year.

Tempe’s central location provides easy access to the greater Phoenix metropolitan area, making it a convenient hub for both work and play. A robust public transportation system, including the light rail, further enhances connectivity and reduces reliance on personal vehicles. Living in Tempe offers a unique blend of urban excitement and outdoor recreation, creating a well-rounded and fulfilling lifestyle for its residents. Explore the possibilities and discover why Tempe, Arizona is a premier destination for real estate and vibrant living.

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Tempe, AZ Homes for Sale

$249,900
2 Beds 2 Baths 7009928 MLS 941 SqFt. 85282 Zip Code
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 traveling medical, corporate, and transitional academic stays. Financing & Cash Advantage: Due to ongoing community asset stabilization and repair cycles, this property is currently non-warrantable and requires an all-cash close. Cash investors can capitalize on this status to bypass financed retail competition. Turnkey Rental Infrastructure: Property is situated in an always-in-demand rental hub with local property management infrastructure available for seamless out-of-state portfolio integration. Pro Forma Availability: Data-backed pro forma models outlining both the stabilized long-term rental math and optimized mid-term rental metrics are available upon request.

200 E Southern Avenue Unit 224, Tempe

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