AZ
Maricopa
Tempe
85282
1253 W SOUTHERN Avenue
1253 W SOUTHERN Avenue, Tempe, AZ 85282
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Listing Type
Multi Family
Listing Status
Active
32
$975,000

Home Details for 1253 W SOUTHERN Avenue

Price
$975,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1970
County
Maricopa
Garage
Days on site
28
Listing #
6973787
Listing Courtesy: Realty ONE Group - 480-321-8100
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!

Property Features
  • Cooling Information
    • Heat Pump
  • Heating Information
    • Central
  • Water Features
    • Public
  • Parking
    • Carport
School Information
School Information for 1253 W SOUTHERN Avenue, Tempe, AZ 85282
Elementary School
Carminati School
Middle School
Connolly Middle School
High School
Tempe High School
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Last Updated: 2026-02-17 20:10:32
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EXIT REALTY LIVING
64 E. Broadway Rd. Ste 200, Tempe, AZ 85282
Office
480 791 4604
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