Tempe, Arizona, is a relatively small city with around one hundred and sixty thousand residents. However, because it is so close to Phoenix, it is able to provide the best of both worlds, with access to big-city amenities and attractions, without all the associated big-city traffic and other inconveniences. Also contributing to the appeal of Tempe, particularly to those who despise cold, winter weather, Tempe boasts three hundred and thirty days of sunshine a year and an average temperature of eighty-five degrees Fahrenheit. Furthermore, because it is situated in the shadow of Camelback Mountain, the entire city enjoys a gorgeous mountain view.
For all of these reasons and many more, Tempe is an excellent place in which to live and invest, and multi-family homes for sale in Tempe provide opportunities for both. Tempe multi-family homes consist of a wide variety of properties that include townhomes, condos, duplexes, triplexes, quads, apartments, and other properties with multiple units that can house multiple families. While owning a single-family home as a real estate investment can generate one source of monthly income, owning a multi-family home in Tempe provides multiple monthly rental incomes. For buyers seeking a consistent flow of cash, multi-family properties are generally considered a safer investment. Additionally, owning a Tempe multi-family home is an excellent way to grow wealth, and living in one affords a delightfully low-maintenance lifestyle.
Available multi-family buildings in Tempe can be found all across the city in the 85282, 85281, and 85257 zip codes, and the neighborhoods and subdivisions of Kenneth Place, Rancho El Dorado, College Park, Tempe Gardens, Peterson Park, Rio, Hughes Acres, and Indian Bend, among others. These Tempe multi-family buildings are of varying ages, some having been built in the 1950s, and some are ready for renovation, while others are turn-key or already occupied. Many Tempe properties are in proximity to the Valley Metro Light Rail, the 101 and 202 freeways, ASU, and other points of interest. Furthermore, some properties have an HOA, while others do not and some come with appliances and off-street, covered, or garage parking. If you are interested in learning more about currently available multi-family real estate opportunities in Tempe, Arizona, we would love to assist you so please do not hesitate to contact us as soon as it is convenient.
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