Student-Friendly 1BR
200 E Southern Avenue #126 Tempe, AZ 85282
New
For Sale
$205,900
Condo unit for sale featuring one bedroom and a convenient Tempe-area location near major amenities.
Property Size622 SF
Price / SF$331.03
Days on Market4
Property Features for 200 E Southern Avenue #126
General Information
- Standard status
- Active
- Size
- 622 SF
- Property subtype
- Apartment
Building Details
- Year Built
- 1986
Listing Agency:
Rubi Realty
(602) 576-0052
Listed By:
Arturo Rubi
(602) 576-0052
Source:
Aznewhorizonrealty
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 24 at 5:26PM
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 Rubi Realty
Investment Insights
Based on property information with market context.
This for-sale condo includes a 1-bedroom layout. It is listed as a residential income property and is suited to buyers looking for a smaller, manageable unit within a condo setting.
The property is at 200 E Southern Avenue #126 in Tempe, Arizona. The public remarks note proximity to ASU, Mesa Community College, and a range of daily-use destinations including shopping, medical, and transportation.
The listing presents the unit as a practical option for student-oriented living, with nearby entertainment and services also mentioned as part of the surrounding convenience.
The property is at 200 E Southern Avenue #126 in Tempe, Arizona. The public remarks note proximity to ASU, Mesa Community College, and a range of daily-use destinations including shopping, medical, and transportation.
The listing presents the unit as a practical option for student-oriented living, with nearby entertainment and services also mentioned as part of the surrounding convenience.
Key Highlights
- 1‑bedroom condo unit
- Year built: 1986
- Located in the Tempe area near ASU, Mesa CC, entertainment, shopping, medical, post office, and transportation
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.3k | $26.16 |
| − Vacancy | −$944 | −$1.52 |
| EGI | $15.3k | $24.64 |
| − OpEx | −$6.9k | −$11.09 |
| NOI | $8.4k | $13.55 |
622 SF · lease $26.16/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$120.4K
$105.4K – $140.5K
NOI $8,430 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$195.6K
$171.2K – $228.2K
NOI $13,692 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Chesapeake Condominiums
Condominium Complex
Sales Liberator
(Bike/Boat/Book/etc) Store
Monkey Pants Bar ...
Bar & Pub
Ivy's Travel Agency
Travel Agency
FAQs
What type of property is this?
Residential income property - Condo unit for sale featuring one bedroom and a convenient Tempe-area location near major amenities.
Where is this residential income property located?
The property is located at 200 E Southern Avenue #126 Tempe, AZ.
What is the asking price?
The asking price for this property is $205,900.
What are key features of this property?
This property features: 1‑bedroom condo unit; Year built: 1986; Located in the Tempe area near ASU, Mesa CC, entertainment, shopping, medical, post office, and transportation
