725 E Encanto Drive Tempe, AZ 85281

7 Beds
7 Baths
2,605 Sqft
7,261 Sqft lot
0.17 Acre lot
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$1,550,000 Est. $5,708 / mo.*
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Status: Active
Property Type: Single Family Residence
Year Built: 1957
Neighborhood: University Heights
Days on Website: 29

Courtesy of Berkshire Hathaway HomeServices Arizona Properties {attribution_contact}

Description

Incredible investor opportunity in the heart of Tempe—just ONE BLOCK from ASU Campus and a short walk to Mill Ave. This 7 BED, 7 BATH turn-key property requires NO TLC and is fully leased through July with strong cash flow. Owner is working on 12-month lease extensions to July 2026 as we speak. Parking for 6 cars in driveway. Located near Rural & Broadway with unbeatable access to shopping, restaurants, and essentials. Ideal for student housing with two new A/C units, separate water heaters, new roof, electrical, and plumbing—all permitted (see docs tab). Flexible options for the new owner to renew, re-lease, or reconfigure. Property has never been owner-occupied. 48-HOURS Notice to Show!

Property Details and Features

  • 7 total decimal bathrooms
  • 7 total bathrooms
  • 7 total bedrooms
  • Built in 1957
  • Architectural style: "Ranch"
  • Living area: 2605
  • Construction materials: "Painted", "Block"
  • "Central Air"
  • "Block"
  • "1 Fireplace"
  • "Tile"
  • "Electric"
  • Association fee includes: "No Fees"
  • "High Speed Internet"
  • "No Interior Steps"
  • "Vaulted Ceiling(s)"
  • "Pantry"
  • "Full Bth Master Bdrm"
  • Listing ID: 6851447
  • Standard status: Active
  • 28 days on market
  • Subdivision name: UNIVERSITY HEIGHTS
  • 0.17 acres
  • 7,261 sqft
  • Green water conservation: "Tankless Ht Wtr Heat"
  • "None"
  • "Close Of Escrow"
  • "Composition"
  • Elementary school: Broadmor Elementary School
  • High school: Tempe High School
  • High school district: Tempe Union High School District
  • "Public Sewer"
  • Annual amount: $3,753
  • Lot: 70

Location

$1,550,000 - 725 E Encanto Drive, Tempe, AZ 85281
725 E Encanto Drive Tempe, AZ 85281
Subdivision name: UNIVERSITY HEIGHTS

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This content last updated on May 15, 2025 12:06AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.