Located in the heart of Tempe, this 18-unit apartment complex presents a turnkey investment opportunity in a high-demand market. Situated just minutes from Arizona State University, downtown Tempe, major freeways, and public transit, this property's prime location attracts a steady stream of tenants for consistent rental income in a thriving metropolitan area.
Investment Income Tempe. Opportunity to live in Tempe inside a 4 bedroom 2 bathroom 2 car garage home and have TWO rentals giving income from rents of the two 2 Bedroom and one bath units. Close to Arizona State University and Freeways, convenient location for all occupants. Large park in the neighborhood. Was an AirBNB in the past so the constant cleaning show. White cabinets brighten the interior. The investor you know or those who want to start by buying place to live and have rentals, will enjoy cash flow opportunity.
If you know the Tempe area, you know THIS is the location to be in as an investor! Located directly next to the highly desirable neighborhood of Broadmor, this single-level, fully occupied 4-unit will be a valuable addition to your investment portfolio whether you're an experienced investor or just starting out. This prime investment opportunity consists of Three(3)-1bd/1ba units plus One(1) 2bd/1ba unit, each unit with its own convenient dedicated parking spot in the rear, individually metered electric. Many updates throughout! Highly desirable central location with high tenant demand! Don't miss out on this exceptional opportunity to own a multifamily property in one of Tempe's most sought-after locations! Buyer to verify all facts and figures to their satisfaction.
The median home value in Tempe, AZ is $426,900. This is lower than the county median home value of $456,600. The national median home value is $338,100. The average price of homes sold in Tempe, AZ is $426,900. Approximately 36.21% of Tempe homes are owned, compared to 55.27% rented, while 8.53% are vacant. Tempe real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Tempe real estate agent to arrange a tour today!
Tempe, Arizona 85282 has a population of 178,862. Tempe 85282 is less family-centric than the surrounding county with 24.95% of the households containing married families with children. The county average for households married with children is 31.17%.
The median household income in Tempe, Arizona 85282 is $64,080. The median household income for the surrounding county is $72,944 compared to the national median of $69,021. The median age of people living in Tempe 85282 is 29.6 years.
The average high temperature in July is 104.1 degrees, with an average low temperature in January of 41.5 degrees. The average rainfall is approximately 9 inches per year, with 0 inches of snow per year.