Status: Active
725 E Encanto Dr
Tempe, AZ 85281
$1,400,000
------/mo*
CalculateIncredible 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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- Bedrooms
- 7
- Baths
- 7
- House Size
- 2,605 sqft
- Year Built
- 1957
- Lot Size
- 0.17 ac
- School District
- Tempe Union High School District
Location
Market Insights
In the last 30 days, homes for sale in 85281, Tempe, AZ were on the market for a median of 67 days and 0% of homes sold above list price.
Buy a new home knowing you’ll sell your current one. Orchard guarantees your home will sell, so you can buy your next one worry-free.
Get StartedInterior Information
- appliances
- Dishwasher
- Dryer
- Washer
- cooling
- Central Air
- features
- High Speed Internet
- Vaulted Ceiling(s)
- Pantry
- flooring
- Tile
- heating
- Electric
Exterior Information
- fence
- Block
- patio and porch
- Patio
- pool
- None
- roof
- Composition
Property Information
- architectural style
- Ranch
- builder name
- Unknown
- construction
- Block
- sewer
- Public Sewer
- subdivision name
- University Heights
- utilities
- Cable Available
- water source
- Public
- Listed By Robert Sullivan
- robsullivanrealestate@gmail.com
- (480) 869-6569
- Berkshire Hathaway HomeServices Arizona Properties
- (480) 505-6300
- flb@forrestcan.com
- MLS 6851447
Monthly Payments Calculator
Estimated Monthly Cost
$8,843
30 year fixed·6.9% interest rate
- Principal & Interest
- $7,376
- Property Taxes
- $1,167
- Home Insurance
- $300
- HOA Fees
- $0
*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
