MLS# 7009928 – 200 E Southern Avenue Unit 224, Tempe, AZ 85282

$255,000 - 2Br/2Ba - for Sale in Chesapeake Condominium, Tempe
Price: $255,000
Beds: 2
Baths: 2
Living Area SqFt: 941
Status: Active
Property Type: Apartment
Lot Size Acres: 0.03
Lot Size SqFt: 1,202
Year Built: 1986
Neighborhood: Chesapeake Condominium
Days on Website: 10

Courtesy of DeLex Realty {attribution_contact}

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.

Property Details and Features

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

Property Map

$255,000 – 200 E Southern Avenue Unit 224, Tempe, AZ 85282

Street View

Nearby Schools

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.

Print Options

Select the items on the page that you would like to print. This "Print Options" block will not be printed.

Main Photo Main Details Property Description Property Features
Additional Photos Addtl Photos Size Location Map Schools