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Isidro Valdez Cota

thehouseagentco@gmail.com +1(520) 891-0404

$ 769,999

Est. payment | -/mo

Save

$ 769,999

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Mercado Homes

MLS Listing ID 7057410

Year Built 1985

Annual Tax Amount $1,729

Tax Year 2025

Lot Dimensions 64' X 109.50'

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Attention aspiring SHORT TERM RENTAL owners!! This is an amazing opportunity to turn a profit and own an investment property. Numbers for only ONE side of the duplex provide a $39K revenue. To help ease the new owners worries there are new roofs on both sides, new AC unit on one side, new water heater on one side, both units come with W/D, refrigerators and blinds. This Is a prime Tempe investment opportunity! This beautifully updated duplex is located in one of the Valley's strongest rental markets, just minutes from Arizona State University, Sky Harbor International Airport, Downtown Tempe, Tempe Town Lake, and major employment hubs. With easy access to Loop 202, SR-143, and I-10, this is an ideal location for attracting long and short-term tenants. Each unit offers a modern, open-concept layout with designer finishes, granite countertops, stainless steel appliances, wood-look tile flooring, spacious bedrooms, private patios, and low-maintenance outdoor space. All features that help attract and retain quality tenants. The property has demonstrated strong rental demand and offers an excellent opportunity for investors seeking immediate income with long-term appreciation potential.
Whether you're looking to expand your portfolio, complete a 1031 exchange, or live in one unit while generating rental income from the other, this property checks all the boxes. Opportunities to own a well-maintained duplex in this highly sought-after Tempe location are few and far between.
Don't miss your chance to own an income-producing asset in one of Arizona's most consistently desirable rental markets.

Location

State AZ

County Maricopa

Community Mercado Homes

Area Maricopa

Zoning R-3

Direction From Loop 202, exit south on Priest Dr. Turn right (west) on 5th St., then left on Terry Ln. Property is located on the right-hand side.

Interior

Heating Electric

Cooling Central Air

Flooring Carpet

Appliance Disposal, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer

Exterior

Parking Features Paved, Assigned, >1 Space Per Unit

Community Features No Pool

Roof Type Tile,Built-Up

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Scales Technology Academy

Middle Schools Geneva Epps Mosley Middle School

High Schools Tempe High School

School District Tempe Union High School District

Others

Senior Community No

Tax ID 124-29-001-K

Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan

Disclosures None

Listing Terms Conventional, 1031 Exchange, FHA, VA Loan

Listed by Realty ONE Group • Nicole John

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(520) 891-0404

thehouseagentco@gmail.com

6677 W Thunderbird Rd, Glendale, AZ, 85306, USA

421 S TERRY Lane Tempe, AZ 85281

Isidro Valdez Cota

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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421 S TERRY Lane