1610 S College Avenue, Tempe, AZ 85281
- $700,000
- 4
- BD
- 8
- BA
- List Price
- $700,000
- Status
- ACTIVE
- Price Change
- ▼ $25,000 1787268082
- Days on Market
- 155
- MLS#
- 7011374
- City
- Tempe
- Bedrooms
- 4
- Bathrooms
- 8
- Year Built
- 1953
Property Description
*Motivated seller* Exceptional investment opportunity near Arizona State University with a strong rental history. Fully remodeled in 2024, this duplex features updated finishes throughout, a brand-new roof, and modern kitchens in both units with white shaker cabinets and granite countertops. Shared laundry room includes washer and dryer for tenant convenience. Both units are tenant occupied, providing immediate income. One unit is leased month-to-month, and unit 2 leased from 6/6/26-Dec 2026. Prime location near ASU supports consistent rental demand, making this an excellent option for investors, owner-occupants, or house hackers looking to expand their portfolio.
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Additional Information
- Taxes
- $3,036
- Net Operating Income
- $60,600
- Cap Rate
- 8.08
- Units
- 2
- Parking Features
- Open, Carport, On Street
- Construction
- Block, Painted
- Roofing
- Composition
- Cooling
- Central Air, Electric, 2 or More Units, Window/Wall Unit, Ceiling Fan(s)
- Heating
- Zoned, Electric, Central, Window/Wall Unit(s)
- Zoning
- R-3
- Subdivision
- University Estates
- Community Features
- No Pool
- Electric
- SRP
- Water
- City Franchise
- Tenant Pays
- None
- New Financing
- VA Loan, FHA, Wraparound, Conventional, 1031 Exchange, Owner May Carry, Cash
- Elementary School
- Broadmor Elementary School
- Middle School
- Connolly Middle School
- High School
- Tempe High School
Courtesy of DeLex Realty. 602-910-3002
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