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Eric Ravenscroft

eric@theravenscroftgroup.com +1(480) 269-5858

$ 700,000

Est. payment | -/mo

4 Beds

Save

$ 700,000

Est. payment | -/mo

Save

4 Beds

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision University Estates

MLS Listing ID 7011374

Bedrooms 4

Year Built 1953

Annual Tax Amount $3,036

Tax Year 2025

Lot Dimensions 8398

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

*Motivated seller* Exceptional investment opportunity near Arizona State University with a strong rental history. Fully remodeled in 2024, this duplex features updated finishes throughout, a brand-new roof, and modern kitchens in both units with white shaker cabinets and granite countertops. Shared laundry room includes washer and dryer for tenant convenience. Both units are tenant occupied, providing immediate income. One unit is leased month-to-month, and unit 2 leased from 6/6/26-Dec 2026. Prime location near ASU supports consistent rental demand, making this an excellent option for investors, owner-occupants, or house hackers looking to expand their portfolio.

Location

State AZ

County Maricopa

Community University Estates

Area Maricopa

Zoning R-3

Direction Head East on W. Broadway Rd., Left onto S College Ave, Left to stay on S College Ave. Property will be on the Left.

Interior

Heating Central, Window/Wall Unit(s), 2 or More Units, Electric

Cooling Central Air, Ceiling Fan(s), Window/Wall Unit, Electric, 2 or More Units

Flooring Vinyl

Appliance Free-Standing Range, Disposal, Refrigerator, Washer/Dryer

Exterior

Parking Features Free, On Street, Carport

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Broadmor Elementary School

Middle Schools Connolly Middle School

High Schools Tempe High School

School District Tempe Union High School District

Others

Senior Community No

Tax ID 133-16-002

Ownership Fee Simple

Acceptable Financing Owner May Carry, Conventional, 1031 Exchange, FHA, VA Loan, Wraparound

Disclosures None

Listing Terms Owner May Carry, Conventional, 1031 Exchange, FHA, VA Loan, Wraparound

Listed by DeLex Realty • Ruby Threlkel

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NEARBY LOCATIONS

"We Aspire to Be Great By Serving Others. Welcome to A Real Estate Experience Like No Other"

+1(480) 269-5858

eric@theravenscroftgroup.com

1610 S COLLEGE Avenue Tempe, AZ 85281