The Condo Mania Team
Tempe Condo ManiaMLS: 7009928 $255,000
2 Bedrooms with 2 Baths200 E SOUTHERN AVENUE 224#224
TEMPE AZ 85282MLS: 7009928
Status: ACTIVE
List Price: $255,000
Price per SQFT: $271
Square Footage: 9412 Bedrooms
2 Baths
Year Built: 1986
Zip Code: 85282
Listing Remarks
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.
Address: 200 E SOUTHERN AVENUE 224#224 TEMPE AZ 85282
ARMLS LIZA RHIMA of DELEX REALTY
Community: CHESAPEAKE ... Listing 2 of 5
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Condo Mania Agent
Angela Covey
Homesmart
Real Estate Agent
Phone: 602-677-9038
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Listing Details
STATUS: Active PROPERTY TYPE: Residential PROPERTY SUB TYPE: Apartment LISTING CONTRACT DATE: 2026-04-04 ON MARKET DATE: 2026-05-04 BEDROOMS: 2 LIVING AREA SQ FT: 941 LIVING AREA SOURCE: Assessor YEAR BUILT: 1986 TAXES: $1,195 HOA/MGMT CO: Chesapeake Owners HOA/MGMT PHONE: 602-437-777 HOA FEES FREQUENCY: Monthly HOA FEES: $445 HOA INCLUDES: Roof Repair, Insurance, Sewer, Maintenance Grounds, Street Maint, Trash, Water, Roof Replacement, Maintenance Exterior COMMUNITY FEATURES: Pool, Community Spa, Near Bus Stop, Community Laundry APPLIANCES INCLUDED: Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Range BUILDER NAME: UNK CONSTRUCTION: Brick Veneer, Wood Siding, Wood Frame, Painted EXTERIOR FEATURES: Balcony, Storage FIREPLACE: Living Room FLOORING: Carpet, Tile HEATING: Electric COOLING: Central Air INTERIOR FEATURES: Granite Counters, Vaulted Ceiling(s), Full Bth Master Bdrm LAUNDRY FEATURES: Inside LOT FEATURES: Borders Common Area, North/South Exposure, Grass Front, Grass Back # GARAGE SPACES: 0 # CARPORT SPACES: 1 PARKING FEATURES: Detached Carport, Assigned COMMON WALLS: Two Common Walls, Neighbor Below, End Unit ROOF: Tile STORIES TOTAL: 2 VIEW: City LEGAL DESCRIPTION: LOT 224 CHESAPEAKE CONDOMINIUM MCR 083937 LISTING AGENT: LIZA RHIMA LISTING OFFICE: DELEX REALTY LISTING CONTACT: 480-788-4016
Estimated Monthly Payments
List Price: $255,000 20% Down Payment: $51,000 Loan Amount: $204,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $1,289 Estimate does not include taxes, fees, insurance.
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Property Location: 200 E SOUTHERN AVENUE 224#224 TEMPE AZ 85282
This Listing
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Condo Mania Agent
Mary Ann Kren
Homesmart
Real Estate Agent
Phone: 480-221-4437
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Last Updated: 2026-05-04 04:35:42