About The Property

Turnkey income from day one -- seller prepays 12 months rent ($36,000) at close of escrow, occupant will sign a 2-year lease, generating $2,185 monthly NOI & a 4.78% cash-on-cash return. Fully remodeled in 2021 ($75,000+), the 1,631 SF block-construction home features white shaker cabinetry, dark quartz countertops, hardwood flooring, matte black fixtures, & a 2-car garage - uncommon in this submarket. Open kitchen-to-family room layout with French doors to a covered patio & tree-lined yard. New Daikin 4-ton HVAC system (2024) with 12-year manufacturer warranty. New 50-gallon gas water heater. 7 blocks from ASU in one of Tempe's strongest rental corridors. No HOA. Photos include images taken at purchase reflecting remodel condition, currentRead MoreRead Less
Courtesy of RETSY 602-842-0000
Listing Snapshot
Days Online
11
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
2
Square Ft.
1,631
Lot Size
0.16 Acres
Year Built
1960
MLS Number
7025991
M. Logan
Top 2% performing AZ broker
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Additional Details

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Appliances & Equipment
"Dryer", "Washer", "Refrigerator", "Dishwasher", "Disposal", "Gas Oven", "Electric Cooktop"
Building
Built in 1960, Architectural style: "Ranch", Living area: 1631, Construction materials: "Painted", "Block"
Cooling
"Central Air"
Exterior Features
"Storage"
Fence
"Block"
Floors
"Carpet", "Tile", "Wood"
Garage
2 spaces
Heating
"Natural Gas"
Home Owner's Association
Association fee includes: "No Fees"
Interior Features
"Walk-in Pantry", "Quartz Countertops", "High Speed Internet", "Eat-in Kitchen", "Breakfast Bar", "No Interior Steps", "Pantry", "3/4 Bath Master Bdrm"
Laundry
"Inside", "Gas Dryer Hookup"
Lot
0.16 acres, 7,130 sqft, "North/South Exposure", "Sprinklers In Rear", "Sprinklers In Front", "Grass Front", "Grass Back", "Auto Timer H2O Front", "Auto Timer H2O Back"
Parking
"Attached Garage"
Property
Patio and porch features: "Covered Patio(s)", "Patio"
Roof
"Composition"
Sewer
"Public Sewer"
Taxes
Annual amount: $2,581, Lot: 43
Windows
"Dual Pane"
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30 Days Snapshot Of 85281
$523k
+35%
(avg) sold price
34
-5%
homes sold
82
-15%
(avg) days on market
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