Tempe, AZ 85282,1253 W SOUTHERN Avenue
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Rachele Funk

Rachele Funk

+1(623) 330-3311
$ 975,000
Est. payment | /mo
Save
$ 975,000
Est. payment | /mo
Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Westway Park

MLS Listing ID 6973787

Year Built 1970

Annual Tax Amount $2,670

Tax Year 2025

Lot Dimensions 7,206

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Prime investment opportunity in the heart of Tempe! This centrally located property sits just minutes from ASU, major employers, Tempe Town Lake, Sky Harbor Airport, and multiple freeway access points, making it an exceptionally strong rental location with consistent demand and fully rented! The exterior provides low-maintenance landscaping and ample parking, keeping holding costs low. With Tempe's strong rental rates and historically low vacancy trends, this property offers outstanding cash-flow. Opportunities in this location don't come often—secure a reliable income-producing asset in one of the Valley's most proven rental markets, currently the cap rate is at 9.08%! Immediate income for the new buyer that is ready for cashflow!

Location

State AZ

County Maricopa

Community Westway Park

Area Maricopa

Zoning R-3R

Direction From Priest, east on Southern, the property is right on the corner of Margo and Southern.

Interior

Heating Central

Cooling Heat Pump

Flooring Carpet

Appliance Built-In Range, Dishwasher

Exterior

Parking Features Carport

Community Features No Pool

Roof Type Foam

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Carminati School

Middle Schools Connolly Middle School

High Schools Tempe High School

School District Tempe Union High School District

Others

Senior Community No

Tax ID 123-42-063

Acceptable Financing No Carry, Conventional, FHA, VA Loan

Disclosures None

Listing Terms No Carry, Conventional, FHA, VA Loan

Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Realty ONE Group

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Rachele Funk
Rachele Funk

 

+1(623) 330-3311

Goodyear, AZ, 85395

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1253 W SOUTHERN Avenue