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● For sale

$255,000

200 E SOUTHERN Avenue 224, Tempe, AZ 85282

Chesapeake Condominium · Maricopa County

2 beds 2 baths 941 sqft 0.03 acres Built 1986 $271 /sqft HOA $445/mo

58 days on market

What's special

City views
Fireplace

Description

Coming Soon - Investor Opportunity: Located in the heart of Tempe, this 2-beds, 2-bath condominium offers a compelling opportunity for investors seeking immediate rental income with long-term upside. Currently tenant-occupied with a lease in place through November 2026, this property provides stable in-place income and future potential for repositioning. - The unit features approx. 941 sqft with a split layout, including spacious living areas and private outdoor space. Situated within a well-located community near major employment centers, shopping, dining, bus stop and freeway access, the property benefits from strong rental demand in the area. - This is a cash-only opportunity due to community and financing considerations, making it ideal for seasoned investors adding to their portfolio.

Property details

Interior

Bedrooms

Bedrooms: 2

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

Interior Features

Full Bth Master Bdrm
Granite Counters
Vaulted Ceiling(s)
Flooring: Carpet, Tile

Appliances

Dishwasher
Disposal
Refrigerator
Microwave
Electric Range
Washer
Dryer
Laundry Features: Inside

Heating and Cooling

Cooling Features: Central Air
Heating Features: Electric
Fireplace: Yes
Fireplace Features: Living Room

Other Interior

Stories: 2

Exterior

Exterior and Lot Features

Balcony
Storage
Fencing: Wood

Land Info

North/South Exposure
Borders Common Area
Grass Front
Grass Back
Lot Size Acres: 0.03
Lot Size Square Feet: 1,202

Garage and Parking

Carport Spaces: 1
Attached Garage: No
Parking Features: Assigned Parking, Detached Carport

Home Features

View: City

Community

Homeowners Association

Association: Yes
Association Fee: $445
Association Fee Frequency: Monthly
Calculated Total Monthly Association Fees: $445
Association Fee Includes: Maintenance Exterior, Roof Repair, Roof Replacement, Insurance, Water, Sewer, Trash, Maintenance Grounds, Street Maint

Neighborhood

Subdivision: Chesapeake Condominium

Listing

Other Property Info

Annual Tax Amount: $1,195
Source Listing Status: Active
County: Maricopa
Property Subtype: Apartment
Parcel Number: 133-46-233
Postal City: Tempe
Listing Date: 4/4/2026
On Market Date: 5/4/2026
MLS#: 7009928

Features

Building and Construction

Total Square Feet Living: 941
Year Built: 1986
Property Age: 40
Construction Materials: Wood Frame, Painted, Brick Veneer, Wood Siding
Roof: Tile
Stories: 2
Living Area Source: Assessor

Utilities

Water Source: Public

Contact Us

Ask a question or schedule a showing

Listed by Liza Rhima DeLex Realty

Listing updated: May 8, 2026

MLS#: 7009928

Data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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