$255,000/mo

200 E SOUTHERN Avenue 224, Tempe, AZ 85282

2 beds |
2 baths |
941 sqft

Rent shown is base rent as provided by the property owner or manager. Additional mandatory fees, deposits, or utilities may apply and are set by the property owner or manager.

Rental
Built in 1986
1,307sqft lot
—— car garage
$271/sqft
Listed 1 month ago

Property Description

Coming Soon - Investor Opportunity: Located in the heart of Tempe, this 2-beds, 2-bath condominium offers a compelling opportunity for investors seeking immediate rental income with long-term upside. Currently tenant-occupied with a lease in place through November 2026, this property provides stable in-place income and future potential for repositioning. - The unit features approx. 941 sqft with a split layout, including spacious living areas and private outdoor space. Situated within a well-located community near major employment centers, shopping, dining, bus stop and freeway access, the property benefits from strong rental demand in the area. - This is a cash-only opportunity due to community and financing considerations, making it ideal for seasoned investors adding to their portfolio.

Listing Status:: Active
Date Added:: May 4, 2026
Data Last Updated:: May 21, 2026 at 9:06PM
Listing Office:: DeLex Realty : 602-910-3002
Listing Agent:: Liza Rhima : 480-788-4016
MLS ID:: 7009928

General: Granite CountersVaulted Ceiling(s)Full Bth Master Bdrm
Laundry: Inside
Flooring: CarpetTile
A/C: Central Air
Heating: Electric
Fireplace: Living RoomFireplace

General: BalconyStorageHeated
Parking: Detached CarportAssigned

Roofing: Tile
General: Brick VeneerWood SidingWood FramePainted

Road/Access: Paved
HOA Amenities: Roof RepairInsuranceSewerMaintenance GroundsStreet MaintTrashWaterRoof ReplacementMaintenance Exterior445.39Monthly
Originating MLS: Arizona Regional Multiple Listing Service 2
School District: Tempe School District
County: Maricopa