$1,550,000
Tempe, AZ 85281
MLS# 6851447
7 beds | 7 baths
1 / 40
Property 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!
Details
Maps
Contract Information
Status Change Date: 2025-04-15
List Price: $1,550,000
Status: Active
Current Price: $1,550,000
List Date: 2025-04-14
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 725
Compass: E
Street Name: ENCANTO
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 6816
Country: US
County Code: Maricopa
Assessor Number: 133-12-070
Subdivision: UNIVERSITY HEIGHTS
Tax Year: 2024
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Attached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 7
# Bathrooms: 7
Approx SQFT: 2605
Price/SqFt: 595.01
Horses: N
Builder Name: Unknown
Year Built: 1957
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 7261
Approx Lot Acres: 0.167
Pool: None
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Broadmor Elementary School
Jr. High School: McKemy Academy of International Studies
High School: Tempe High School
Remarks Misc
Cross Street: Rural Rd/E Encanto Dr
Directions: 1. Turn right off Rural Rd onto E. Encanto Dr.
2. Turn off E. Broadway onto S Ventura Dr, then right onto E Encanto Dr.
Geo Lat: 33.409537
Geo Lon: -111.927159
Legal Info
Township: 1N
Range: 4E
Section: 22
Lot Number: 70
Basement
Basement Y/N: N
Items Updated
Floor Yr Updated: 2024
Floor Partial/Full: Full
Wiring Yr Updated: 2024
Wiring Partial/Full: Full
Plmbg Yr Updated: 2024
Plmbg Partial/Full: Full
Ht/Cool Yr Updated: 2024
Ht/Cool Partial/Full: Full
Roof Yr Updated: 2022
Roof Partial/Full: Full
Kitchen Yr Updated: 2024
Kitchen Partial/Full: Full
Bath(s) Yr Updated: 2024
Bath(s) Partial/Full: Full
Rm Adtn Yr Updated: 2024
Rm Adtn Partial/Full: Full
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Special Listing Cond: N/A
Add'l Property Use: None
Architecture: Ranch
Master Bathroom: Full Bth Master Bdrm
Additional Bedroom: Separate Bedroom Exit
Fireplace Features: 1 Fireplace
Flooring: Tile
Pool Features: No Pool
Spa: None
Dining Area: Formal
Kitchen Features: Range/Oven Gas; Dishwasher; Refrigerator; Pantry
Laundry: Washer Included; Dryer Included
Features: Vaulted Ceiling(s); No Interior Steps
Technology: Cable TV Avail; High Speed Internet Available
Exterior Features: Patio
Construction: Block
Const - Finish: Painted
Roofing: Composition
Cooling: Central Air
Heating: Electric
Plumbing: Tankless Ht Wtr Heat
Utilities: APS; SW Gas
Water Source: City Water
Sewer: Sewer - Public
Fencing: Block
Landscaping: None
Lockbox Type: See Private Remarks; None
Possession: Close of Escrow
Unit Style: All on One Level
Association Fee Incl: No Fees
Existing 1st Loan: FHA
New Financing: Cash; VA; FHA; Conventional
Disclosures: Seller Discl Avail
Listing Office: Berkshire Hathaway HomeServices Arizona Properties
Last Updated: April - 15 - 2025
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