Two-Bedroom Residential
For Sale
$200,000
200 E SOUTHERN Avenue 125, Tempe, AZ 85282
The unit pairs in-home laundry and covered-patio storage with shared recreation amenities.
Property Size941 SF
Days on Market14
Property Features for 200 E SOUTHERN Avenue 125
General Information
Standard status
Active
Size
941 SF
Property subtype
Apartment
Site & Location
Neighborhood
Chesapeake
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,509
Amenities
pool
hot tub
clubhouse
BBQ areas
mailroom
community laundry
covered patio
additional storage
Building Details
Building Size
941 SF
Year Built
1986
Listing Agency:
HomeSmart Lifestyles
Listed By:
Diane L. Breard · License #SA630826000
(480) 684-0055
Source:
Gillettegroupaz
Added: Oct 21
Changed: Oct 31
Last Checked: Nov 1 at 2:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart Lifestyles
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Investment Insights
Based on property information with market context.
Built in 1986, this first-floor condominium has two bedrooms and two full bathrooms in a split layout. Both bedrooms include walk-in closets. The kitchen is fitted with maple cabinets, granite counters, a tile backsplash and appliances. A dedicated laundry room contains a washer and dryer, while the covered patio offers additional storage.
Residents have access to two pools, a hot tub, clubhouse, barbecue areas, mailroom and community laundry facilities. The HOA covers water, sewer and trash. The property is near Arizona State University, US-60, Sky Harbor International Airport, bus routes and light rail, with shopping, dining and entertainment also nearby.
Residents have access to two pools, a hot tub, clubhouse, barbecue areas, mailroom and community laundry facilities. The HOA covers water, sewer and trash. The property is near Arizona State University, US-60, Sky Harbor International Airport, bus routes and light rail, with shopping, dining and entertainment also nearby.
Key Highlights
- Two bedrooms, two full bathrooms and walk‑in closets in both bedrooms
- First‑floor condo built in 1986
- HOA includes water, sewer and trash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,754
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,080
$255.1K
Cap Rate 7%
$182,200
$182.2K
Cap Rate 9%
$141,711
$141.7K
Market Conditions
NOI Build-Up for 941 SF
Gross rent
$24.6K $26.16/SF
− Vacancy
−$1.4K −$1.52/SF
EGI
$23.2K $24.64/SF
− OpEx
−$10.4K −$11.09/SF
NOI
$12.8K $13.55/SF
Area
Tempe, AZ
Vacancy
5.80%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,080
Cap Rate 7%
$182,200
Cap Rate 9%
$141,711
Alternative Uses
Best Use
Apartment 5plus
$182.2K
$159.4K – $212.6K
NOI $12,754 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$295.9K
$258.9K – $345.2K
NOI $20,714 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,252
Businesses Nearby
Explore this area
Business Placement
Demographics for 85282, AZ
52,351
Population
25,667
Households
2
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
11.1 sq mi
ZIP Area
4,716
Density / Sq Mi
$79,084
Median Household Income
$43,863
Median Earnings
$1,627
Median Rent
$370,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit pairs in-home laundry and covered-patio storage with shared recreation amenities.
Where is this residential income property located?
The property is located at 200 E SOUTHERN Avenue 125 Tempe, AZ.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two bedrooms, two full bathrooms and walk‑in closets in both bedrooms; First‑floor condo built in 1986; HOA includes water, sewer and trash
