Tempe, AZ 85281
MITCHELL SUB
$799,000
Listing courtesy ofRealty ONE Group — Linda Childers · 602-953-4000
Unique Tempe INVESTMENT Opportunity on approx. 11,032 SF Zoned R-3 lot. Property includes two separate residences on one parcel. Front/East residence features 2 bedrooms and 1 bath and approx. 1,048 sq ft. Back/West residence features 2 bedrooms, 1 bath and approx. 1,048 sq ft. Both are tenant-occupied, producing $2,500 combined monthly rent. Each home has separate APS electric, City of Tempe water, and Southwest Gas meters. New Roof Aug 2026. County records identify the property as a Multiple Family Residence. ,Close to ASU, Downtown Tempe, shopping, dining, and major highways. Pair with adjoining parcel at 815 S Roosevelt St to assemble approx. 22,024 SF for possible Multi-Unit Redevelopment. All information deemed important to be verified by buyer or buyer's agent.
1 story · Built 1935
Eat-in Kitchen · 3/4 Bath Master Bdrm · Vinyl flooring · Concrete flooring
Dryer · Washer · Refrigerator
None
Rear Vehicle Entry
Wood Frame · Painted · Chain Link fencing · Alley · Corner Lot · Dirt Front
Natural Gas heating · Ceiling Fan(s) cooling · Evaporative Cooling cooling
Carry cost at today’s rate, including taxes, insurance, and HOA.
$4,712
Estimate only · Insurance modeled at 0.35% of value annually · Verify all costs with your lender.