200 E Southern Avenue Unit 224 Tempe, AZ 85282

2 Beds
2 Baths
941 Sqft
1,202 Sqft lot
0.03 Acre lot
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$255,000 Est. $939 / mo.*
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Status: Active
Property Type: Apartment
Year Built: 1986
Neighborhood: Chesapeake Condominium
Days on Website: 10

Courtesy of DeLex Realty {attribution_contact}

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.

Property Details and Features

  • "Dryer"
  • "Washer"
  • "Refrigerator"
  • "Built-in Microwave"
  • "Dishwasher"
  • "Disposal"
  • "Electric Range"
  • 2 full bathrooms
  • 2 total bathrooms
  • 2 total bedrooms
  • Built in 1986
  • Living area: 941
  • Construction materials: "Brick Veneer", "Wood Siding", "Wood Frame", "Painted"
  • "Central Air"
  • "Balcony"
  • "Storage"
  • "Wood"
  • "Living Room"
  • 1 total fireplace
  • "Carpet"
  • "Tile"
  • "Electric"
  • Association fee: $445
  • Association fee frequency: Monthly
  • Association fee includes: "Roof Repair", "Insurance", "Sewer", "Maintenance Grounds", "Street Maint", "Trash", "Water", "Roof Replacement", "Maintenance Exterior"
  • "Granite Counters"
  • "Vaulted Ceiling(s)"
  • "Full Bth Master Bdrm"
  • "Inside"
  • Listing ID: 7009928
  • Standard status: Active
  • 12 days on market
  • Subdivision name: Chesapeake Condominium
  • 0.03 acres
  • 1,202 sqft
  • "Borders Common Area"
  • "North/South Exposure"
  • "Grass Front"
  • "Grass Back"
  • "Detached Carport"
  • "Assigned"
  • "Subject To Tenant Rights"
  • View: "City"
  • "Tile"
  • Elementary school: Broadmor Elementary School
  • High school: Tempe High School
  • High school district: Tempe Union High School District
  • "Public Sewer"
  • Annual amount: $1,195
  • Lot: 224

Location

$255,000 - 200 E Southern Avenue Unit 224, Tempe, AZ 85282
200 E Southern Avenue Unit 224 Tempe, AZ 85282
Subdivision name: Chesapeake Condominium

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This content last updated on May 14, 2026 9:26AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.