Corner One-Bedroom
For Sale
$175,000
200 E SOUTHERN Avenue 266, Tempe, AZ 85282
The unit comes with a washer, dryer, refrigerator, and access to a community pool.
Property Size629 SF
Days on Market26
Property Features for 200 E SOUTHERN Avenue 266
General Information
Standard status
Active
Size
629 SF
Property subtype
Apartment
Site & Location
Neighborhood
Chesapeake
Taxes and HOA fees
Annual Taxes
$834
Building Details
Building Size
629 SF
Year Built
1986
Listing Agency:
The Agency
Listed By:
Ericka Lassiter
(480) 203-1013
Source:
Gillettegroupaz
Added: Oct 9
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 The Agency
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath corner condo includes a washer, dryer, and refrigerator, along with ample storage. The kitchen has an updated sink, and the air-conditioning unit is described as well maintained. The building dates to 1986.
The community offers a pool. Arizona State University, shopping, dining, and highway access are nearby.
The community offers a pool. Arizona State University, shopping, dining, and highway access are nearby.
Key Highlights
- One bedroom and one bathroom in a corner condo
- Washer, dryer, and refrigerator included
- Community pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,525
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$170,500
$170.5K
Cap Rate 7%
$121,786
$121.8K
Cap Rate 9%
$94,722
$94.7K
Market Conditions
NOI Build-Up for 629 SF
Gross rent
$16.5K $26.16/SF
− Vacancy
−$954 −$1.52/SF
EGI
$15.5K $24.64/SF
− OpEx
−$7.0K −$11.09/SF
NOI
$8.5K $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%
$170,500
Cap Rate 7%
$121,786
Cap Rate 9%
$94,722
Alternative Uses
Best Use
Apartment 5plus
$121.8K
$106.6K – $142.1K
NOI $8,525 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$197.8K
$173.1K – $230.8K
NOI $13,846 @ 7.0% cap · market cap 7.91%
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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The unit comes with a washer, dryer, refrigerator, and access to a community pool.
Where is this residential income property located?
The property is located at 200 E SOUTHERN Avenue 266 Tempe, AZ.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: One bedroom and one bathroom in a corner condo; Washer, dryer, and refrigerator included; Community pool
