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200 E SOUTHERN Avenue # 224 Tempe, AZ $ 255,000
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200 E SOUTHERN Avenue # 224
$ 255,000
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200 E SOUTHERN Avenue # 224

Tempe, AZ, 85282
$ 255,000
Bedrooms2 Baths2.0 Sq 941

Monthly Estimate*

$ 1,570

​

Condo for sale in Tempe, AZ

for $255,000 with 2 bedrooms and 2 full baths. This 941 square foot condo was built in 1986 on a lot size of 0.03.

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.

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Condo Active

Price

$ 255,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 1,195

Style

Residential

Lot Size

0.03

Year Built

1986

Town/City

Tempe

County/Region

Maricopa

MLS | Web ID

7009928
Features
Interior
Interior Amenities Granite Counters Vaulted Ceiling(s) Full Bth Master Bdrm
Flooring Carpet Tile
Fireplace Features Living Room
Total Stories 2
Common Walls Two Common Walls Neighbor Below End Unit
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Laundry Features Inside
Total Bedrooms 2
Total Baths 2
Bedrooms Possible 2
Built-in Microwave True
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General
Sewer Public Sewer
Heating Electric
Cooling Central Air
Utilities SRP
Possession Close Of Escrow
Roof Tile
HOA Fee 445.39
Garage Spaces 0.0
Association Fee Includes Roof Repair Insurance Sewer Maintenance Grounds Street Maint Trash Water Roof Replacement Maintenance Exterior
Construction Materials Brick Veneer Wood Siding Wood Frame Painted
Year Built 1986
View City
Township 1N
Unit Number 224
Property Subtype Apartment
Tax Year 2025
Ownership Condominium
Community Features Pool Community Spa Near Bus Stop Community Laundry
Assoc Fee Paid Per Monthly
County Maricopa
New Construction N
Property Type Residential
HOA Y
Attached Garage N
Subdivision Name Chesapeake Condominium
Total Rooms 0
Special Listing Conditions N/A
Status Active
High School Tempe High School
City Tempe
Disclosures Seller Discl Avail
Association Name Chesapeake Owners
High School District Tempe Union High School District
Open Parking Spaces 0.0
Lot Size Units Square Feet
Lot Size Square Feet 1202.0
Carport Spaces 1.0
Carport Y/N N
Spa Features Heated
Elementary School Broadmor Elementary School
Property Attached Y/N Y
Land Lease Y/N N
Tax Annual Amount 1195.0
Home Warranty Y/N N
Current Financing Conventional Non Assumable
Middle/Junior High School Connolly Middle School
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Builder Name UNK
Standard Status Active
Occupancy Type Tenant
Elementary School District Tempe School District
Tax Lot 224
Senior Community N
Ttl Monthly Fee Equiv 445.39
New Financing Cash True
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Exterior
Exterior Amenities Balcony Storage
Fencing Wood
Parking Features Detached Carport Assigned
Lot Features Borders Common Area North/South Exposure Grass Front Grass Back
Water Source City Water
Lot Size Area 1202.0
Spa Y
Lot Size Acres 0.03
Road Surface Type Paved
Lot Size Source Assessor
Waterfront Y/N N
Covered Spaces 1.0
Crops Included Y/N N
Road Responsibility Private Maintained Road
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 200
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* Excluded Features
List By
Delex Realty

Broker

lizarhima@gmail.com

Email

Affordability Calculator

$1,670
Per Month
94%
6%
0%
Monthly Principal & Interest
$1,570
Monthly Property Taxes
$100
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4327180 Middle School
Tempe High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/4/2026$255,000 Listed Price

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200 E SOUTHERN Avenue # 224, Tempe, AZ, 85282 is a Condo for sale at $255,000 with 941 sqft and a lot size of 0.03. 200 E SOUTHERN Avenue # 224 has 2 bedrooms, 2.0 baths, and was built in 1986. The property's zip code is 85282 which is in Tempe, AZ

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