111 E Bonita Way, Tempe, AZ 85281
- $850,000
- 5
- BD
- 3
- BA
- List Price
- $850,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 7067136
- City
- Tempe
- Bedrooms
- 5
- Bathrooms
- 3
- Year Built
- 1951
Property Description
Premier ASU Investment Opportunity -- renovated main house + detached ADU in process! Rare 11,000+ sqft lot minutes from Arizona State University. Ideal as a high-demand student rental, owner-occupied investment, or long-term hold. Move-in-ready 4BD/2BA main house w/ fresh paint & new flooring. New detached 1BD/1BA guest house--private entrance, full kitchen, stacked laundry--currently in process. Upgraded primary bath also underway. Projected combined rents $4,850-$5,450/mo; plans, timeline & rent analysis available on request. No HOA, detached garage + 6 spaces. Renderings depict completed construction. Cash & renovation-friendly financing welcome.
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Additional Information
- Taxes
- $1,683
- Net Operating Income
- $55,290
- Cap Rate
- 6.5
- Units
- 1
- Parking Features
- Detached Garage
- Construction
- Slump Block, Painted
- Roofing
- Composition
- Cooling
- Central Air
- Heating
- Electric
- Zoning
- Residential
- Subdivision
- University Estates
- Community Features
- No Pool
- Electric
- SRP
- Water
- City Franchise
- Tenant Pays
- Water, Sewer, Electricity, Gas, Trash Collection, Landscaping
- New Financing
- VA Loan, Conventional, Cash
- Elementary School
- Broadmor Elementary School
- Middle School
- Connolly Middle School
- High School
- Tempe High School
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Listing courtesy of eXp Realty.
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