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200 E SOUTHERN Avenue 224
Tempe AZ 85282 US

$249,900

Active Listing ID 7009928
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2 bed
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941 square feet
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2.00 Bath (2 Full)
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Lot: 0.03 Acres
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Apartment

$249,900

Active Listing ID 7009928
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200 E SOUTHERN Avenue 224 ASU-AREA INVESTMENT OPPORTUNITY | Immediate Rental Income + 30+ Day Rental Flexibility + Future Upside in the Heart of Tempe! Prime Southern & Mill Location - Lender Partners Ready To Go - Long-Term Tenant Occupied - Community Improvements Underway - 30-Day Rentals Allowed - Inside & Community Laundry - Two Pools & Two Spas - Popular ASU Owner/Rental Site. Buy today with immediate rental income and future upside potential. 2 Bed-2 Bath split floorplan with laundry, spacious living areas, private shaded balcony, and covered parking. Approx 2.5 miles from ASU with great access to shopping, dining, major Valley employment centers, and freeways. An attractive opportunity for ASU students, buy-and-hold investors, portfolio growth, and 1031 Exchange buyers. Following the current lease, explore future Long-Term & Mid-Term rental strategies. This in-demand rental hub with local property management available makes purchasing seamless for out-of-state portfolios. One of the few locations to allow 30+ day rentals (MTR). Capitalize on high-yielding Lease-by-Room, transitional academic stays, corporate, and traveling medical staff. HOA dues include: exterior maintenance, roofing, blanket insurance, water, sewer, trash. Financing eligibility is subject to lender/project approval and may include conventional and DSCR. Investor analysis provided upon request. Buyer to independently verify all facts, HOA & rental rules, financing, and project eligibility.

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Property Features

  • Facts
  • Lot Size: 0.03 Acres
  • Property Type: Residential
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 2
  • Cooling System: Central Air
  • Exterior Finish: Balcony, Storage
  • Floor Covering: Tile, Carpet
  • Roof Type: Tile
  • Heating Fuels: Electric (Heating)
  • Additional Features
  • Fireplace

School Information

  • School
  • Broadmor Elementary School(Elementary)
  • Connolly Middle School(MiddleSchool)
  • Tempe High School(HighSchool)

Property

  • propertytype: Residential
  • propertysubtype: Apartment
  • listprice: 249900
  • unparsedaddress: 200 E SOUTHERN Avenue
  • unitnumber: 224
  • postalcity: Tempe
  • stateorprovince: AZ
  • country: US
  • postalcode: 85282
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.0276
  • lotsizeunits: Acres
  • lotsizearea: 0.0276
  • livingarea: 941
  • livingareaunits: Square Feet
  • latitude: 33.393141
  • longitude: -111.936141
  • listagentfullname: Liza Rhima
  • listagentemail: lizarhima@gmail.com
  • listagentkey: 3yd-ARMLSAZ-lr212
  • listagentmlsid: lr212
  • listagentpreferredphone: 4807884016
  • listagentofficephone: 4807884016
  • listofficekey: 3yd-ARMLSAZ-dvpt03
  • listofficemlsid: dvpt03
  • disclaimer: Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: ARMLSAZ
  • yearbuilt: 1986
  • listingcontractdate: 2026-04-04
  • listagenturl: http://dprrealty.com
  • countyorparish: Maricopa
  • parcelnumber: 133-46-233
  • elementaryschool: Broadmor Elementary School
  • highschool: Tempe High School
  • elementaryschooldistrict: Tempe School District
  • middleorjuniorschooldistrict: Tempe Union High School District
  • highschooldistrict: Tempe Union High School District
  • appliances: Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Range
  • cooling: Central Air
  • constructionmaterials: Brick Veneer, Wood Siding, Wood Frame, Painted
  • flooring: Tile, Carpet
  • heating: Electric (Heating)
  • fireplaceyn: True
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • parkingfeatures: Assigned, Carport
  • roof: Tile
  • view: City
  • waterfrontyn: False
  • franchiseaffiliation: Independent
  • interiorfeatures: Granite Counters, No Interior Steps, Vaulted Ceiling(s), Full Bth Master Bdrm
  • exteriorfeatures: Balcony, Storage
  • rooms: Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
  • otherstructures: Storage
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -111.93614, 33.393143
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"DPR Realty, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"lizarhima@gmail.com", "ListBrokerageCity":"Scottsdale", "ListBrokerageCountry":"US", "ListBrokerageEmail":"dale@dprrealty.com", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/c5ababc321c13dfd0121c1ab218600c4k-c800892263r.png", "ListBrokerageName":"DPR Realty, LLC", "ListBrokeragePhone":"(480) 994-0800", "ListBrokeragePostalCode":"85260", "ListBrokerageStateOrProvince":"AZ", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"8341 E. Gelding Dr.", "ListBrokerageWebsiteUrl":"http://dprrealty.com", "ListOfficeAddress1":"4700 S McClintock Dr #160 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"dvpt03", "ListOfficeCity":"Tempe", "ListOfficeCountry":"US", "ListOfficeEmail":"matt@delexrealty.com", "ListOfficePostalCode":"85282", "ListOfficeStateOrProvince":"AZ", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential, Tempe, AZ", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/200-E-Southern-Ave-Unit-224_Tempe_AZ_85282_M11435-31786?f=listhub&s=ARMLSAZ&m=7009928&c=rexren", "MLSModificationTimestamp":"2026-09-11 00:13:08", "Neighborhoods":[{"Description":null, "Name":"Chesapeake Condominium"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1195, "TaxDescription":"LOT 224 CHESAPEAKE CONDOMINIUM MCR 083937", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/13/2026 11:43:38 AM GMT
Source Updated Date: 9/23/2026 12:43:41 AM GMT

Courtesy of: Liza Rhima, DeLex Realty, lizarhima@gmail.com

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.