One-Bedroom Residential Income
For Sale
$205,900
200 E Southern Avenue 126, Tempe, AZ 85282
Condominium unit near ASU and Mesa CC with access to shopping, medical services, and transportation.
Days on Market12
Property Features for 200 E Southern Avenue 126
General Information
Standard status
Active
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Building Details
Building Size
622 SF
Year Built
1986
Listing Agency:
Rubi Realty
(602) 576-0052
Listed By:
Arturo Rubi
(602) 576-0052
Source:
Gillettegroupaz
Added: Jul 22
Changed: Jul 31
Last Checked: Aug 2 at 12:04PM
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 one-bedroom condominium is located at 200 E Southern Avenue 126 in Tempe. Built in 1986, the property offers a residential income opportunity in an established condominium setting.
The condo is close to Arizona State University, Mesa Community College, entertainment, shopping, medical services, a post office, and transportation. Its location supports convenient access to education, daily services, and surrounding amenities.
The condo is close to Arizona State University, Mesa Community College, entertainment, shopping, medical services, a post office, and transportation. Its location supports convenient access to education, daily services, and surrounding amenities.
Key Highlights
- One‑bedroom condominium unit
- Built in 1986
- Close to Arizona State University and Mesa Community College
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 authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
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
Market
Properties on Market for Residential income properties in Tempe
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium unit near ASU and Mesa CC with access to shopping, medical services, and transportation.
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: One‑bedroom condominium unit; Built in 1986; Close to Arizona State University and Mesa Community College
