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$255,000

Est. payment - /mo

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2 Beds

2 Baths

941 SqFt

Active

200 E SOUTHERN Avenue #224 Tempe, AZ 85282

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Tiffany Pettit- Admin

tiffany@tiffanypettit.com +1(602) 614-6493

UPDATED:

Key Details

Property Type Condo, Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 941 sqft

Price per Sqft $270

Subdivision Chesapeake Condominium

MLS Listing ID 7009928

Bedrooms 2

Full Baths 2

HOA Fees $445/mo

HOA Y/N Yes

Year Built 1986

Annual Tax Amount $1,195

Tax Year 2025

Lot Size 1,202 Sqft

Acres 0.03

Property Sub-Type Apartment

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

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.

Location

State AZ

County Maricopa

Community Chesapeake Condominium

Area Maricopa

Direction 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

Rooms

Other Rooms Great Room

Master Bathroom true

Master Bedroom Split

Den/Bedroom Plus 2

Separate Den/Office N

Interior

Interior Features Granite Counters, No Interior Steps, Vaulted Ceiling(s), Full Bth Master Bdrm

Heating Electric

Cooling Central Air

Flooring Carpet, Tile

Fireplaces Type Living Room

Fireplace Yes

Appliance Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Range

SPA Heated

Laundry Inside

Exterior

Exterior Feature Balcony, Storage

Parking Features Detached Carport, Assigned

Carport Spaces 1

Fence Wood

Community Features Pool, Community Spa, Near Bus Stop, Community Laundry

Utilities Available SRP

View City

Roof Type Tile

Private Pool No

Building

Lot Description Borders Common Area, North/South Exposure, Grass Front, Grass Back

Story 2

Builder Name UNK

Sewer Public Sewer

Water City Water

Structure Type Balcony,Storage

New Construction No

Schools

Elementary Schools Broadmor Elementary School

Middle Schools Connolly Middle School

High Schools Tempe High School

School District Tempe Union High School District

Others

HOA Name Chesapeake Owners

HOA Fee Include Roof Repair,Insurance,Sewer,Maintenance Grounds,Street Maint,Trash,Water,Roof Replacement,Maintenance Exterior

Senior Community No

Tax ID 133-46-233

Ownership Condominium

Acceptable Financing Cash, 1031 Exchange

Horse Property N

Disclosures Seller Discl Avail

Possession Subject To Tenant Rights

Listing Terms Cash, 1031 Exchange

Listed by DeLex Realty • Liza Rhima

NEARBY SCHOOL & BUSINESS

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Tiffany Pettit- Admin

Agent | SASA6367070000

+1(602) 614-6493

200 E SOUTHERN Avenue #224 Tempe, AZ 85282

Tiffany Pettit- Admin

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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200 E SOUTHERN Avenue #224