725 E ENCANTO Drive Tempe, AZ $ 1,400,000
725 E ENCANTO Drive
$ 1,400,000
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725 E ENCANTO Drive

Tempe, AZ, 85281
$ 1,400,000
Bedrooms7 Baths7.0 Sq 2,605

Monthly Estimate*

$ 8,734

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Single Family Home for sale in Tempe, AZ

for $1,400,000 with 7 bedrooms and 7 full baths. This 2,605 square foot home was built in 1957 on a lot size of 0.17.

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!

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Single Family Active

Price

$ 1,400,000

Bedrooms

7

Full Bath

7

Property Type

Single Family

Taxes

$ 3,753

Style

Ranch

Lot Size

0.17

Year Built

1957

Town/City

Tempe

County/Region

Maricopa

MLS | Web ID

6851447

Features
Interior
Interior Amenities High Speed Internet No Interior Steps Vaulted Ceiling(s) Pantry Full Bth Master Bdrm
Flooring Tile
Total Stories 1
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Total Bedrooms 7
Total Baths 7
Bedrooms Possible 7
Pantry True
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General
Sewer Public Sewer
Heating Electric
Cooling Central Air
Possession Close Of Escrow
Roof Composition
Garage Spaces 0.0
Association Fee Includes No Fees
Architectural Style Ranch
Pool Features None
Construction Materials Painted Block
Year Built 1957
Township 1N
Property Subtype Single Family Residence
Tax Year 2024
Ownership Fee Simple
County Maricopa
Property Type Residential
HOA N
Subdivision Name UNIVERSITY HEIGHTS
Possible Use None
Green Water Conservation Tankless Ht Wtr Heat
Total Rooms 0
Special Listing Conditions N/A
Status Active
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.
High School Tempe High School
City Tempe
Disclosures Seller Discl Avail
High School District Tempe Union High School District
Open Parking Spaces 0.0
Lot Size Units Square Feet
Lot Size Square Feet 7261.0
Carport Spaces 0.0
Carport Y/N N
Spa Features None
Elementary School Broadmor Elementary School
Property Attached Y/N Y
Land Lease Y/N N
Tax Annual Amount 3753.0
Home Warranty Y/N N
Current Financing FHA
Middle/Junior High School McKemy Academy of International Studies
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Builder Name Unknown
Standard Status Active
Occupancy Type Tenant
Elementary School District Tempe School District
Tax Lot 70
New Financing: Conventional True
Senior Community N
New Financing: FHA True
Ttl Monthly Fee Equiv 0.0
New Financing Cash True
New Financing: VA True
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Exterior
Fencing Block
Water Source City Water
Lot Size Area 7261.0
Spa N
Lot Size Acres 0.17
Lot Size Source Assessor
Waterfront Y/N N
Covered Spaces 0.0
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 725
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* Excluded Features
List By
Berkshire Hathaway Homeservices Arizona Properties

Broker

robsullivanrealestate@gmail.com

Email

Affordability Calculator

$9,047
Per Month
97%
3%
0%
Monthly Principal & Interest
$8,734
Monthly Property Taxes
$313
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327515 Elementary School
4899035 Middle School
Tempe High School High School
Pricing History
DatePricePrice ChangeDescription
5/23/2025$1,400,000 -9.68% Price Down
4/15/2025$1,550,000 Listed Price

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725 E ENCANTO Drive, Tempe, AZ, 85281 is a Single Family Home for sale at $1,400,000 with 2,605 sqft and a lot size of 0.17. 725 E ENCANTO Drive has 7 bedrooms, 7.0 baths, and was built in 1957. The property's zip code is 85281 which is in Tempe, AZ