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● For sale

$329,900

2122 E MARGARITA Drive, Tempe, AZ 85281

TORRE MOLINOS · Maricopa County

2 beds 2 baths 1,248 sqft 0.06 acres Built 1974 $264 /sqft HOA $350/mo

75 days on market

What's special

2-car garage

Description

Exceptional opportunity to own a prime location, income-generating, short-term rental with a proven track record of success. This property is being offered completely turnkey - all furnishings, décor, and operational setup convey with the sale. Thoughtfully curated for both comfort and style, the home features inviting living spaces, a well-appointed kitchen and 2 car garage - all designed to maximize guest experience and occupancy. The property boasts consistent bookings, strong guest reviews and established revenue history - an ideal addition to any investment portfolio or for a first-time STR investor seeking immediate cash flow. Don't miss this rare opportunity to acquire a fully operational, income-producing vacation rental! Owner is a licensed AZ real estate agent.

Property details

Interior

Bedrooms

Bedrooms: 2

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 1
1/2 Bathrooms: 1

Interior Features

Full Bth Master Bdrm
Eat-in Kitchen
Pantry
Granite Counters
Upstairs
Flooring: Carpet, Tile

Appliances

Dishwasher
Disposal
Refrigerator
Washer
Dryer
Stacked Washer/Dryer

Heating and Cooling

Cooling Features: Central Air
Heating Features: Electric

Other Interior

Stories: 2

Exterior

Exterior and Lot Features

Balcony
Storage
Private Street(s)
Private Yard
Fencing: Block

Land Info

North/South Exposure
Grass Front
Synthetic Grass Back
Lot Size Acres: 0.06
Lot Size Square Feet: 2,561

Garage and Parking

Garage Spaces: 2
Attached Garage: No
Parking Features: Detached, Garage Door Opener

Community

Homeowners Association

Association: Yes
Association Fee: $350
Association Fee Frequency: Monthly
Calculated Total Monthly Association Fees: $350
Association Fee Includes: Maintenance Exterior, Roof Repair, Maintenance Grounds

Neighborhood

Subdivision: TORRE MOLINOS

Listing

Other Property Info

Annual Tax Amount: $1,286
Source Listing Status: Active
County: Maricopa
Directions: West on Broadway to Shannon Dr. Right on Shannon Dr. Right on Torre Molinos Cir. Left on Margarita Dr. House is on the right.
Property Subtype: Townhouse
Parcel Number: 133-01-160
Postal City: Tempe
Listing Date: 3/18/2026
On Market Date: 4/10/2026
MLS#: 7000073

Features

Building and Construction

Total Square Feet Living: 1,248
Year Built: 1974
Property Age: 52
Construction Materials: Wood Frame, Stucco
Roof: Tile
Stories: 2
Living Area Source: Assessor

Utilities

Water Source: Public

Contact Us

Ask a question or schedule a showing

Listed by Kristen Warn HomeSmart Realty

Listing updated: April 30, 2026

MLS#: 7000073

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.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.