607 W 15TH Street, Tempe, AZ 85281

• 3 beds |
• 2 baths |
• 1,631 sqft

Property Description

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, current photos illustrate occupancy.

Listing Status:

Active

Date Added:

May 13, 2026

Data Last Updated:

May 20, 2026 at 7:06AM

Listing Office:

RETSY : 602-842-0000

Listing Agent:

Eric Brown : 602-290-9744

MLS ID:

7025991

Interior

• General: Walk-in PantryQuartz CountertopsHigh Speed InternetEat-in KitchenBreakfast BarNo Interior StepsPantry3/4 Bath Master Bdrm
• Laundry: InsideGas Dryer Hookup
• Flooring: CarpetTileWood
• A/C: Central Air
• Heating: Natural Gas

Exterior

• General: Storage
• Style: Ranch
• Parking: Attached Garage

Construction

• Roofing: Composition
• Windows: Dual Pane
• General: PaintedBlock

Location

• Road/Access: Asphalt
• HOA Amenities: No Fees
• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Tempe School District
• County: Maricopa

Lot

• Zoning: 12466044
• Fencing: Block

Utilities

• Water: City Water
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2