1004 E Tempe Drive, Tempe, AZ 85281 - MLS #6774897

images$1,199,900 images6 Beds

images6 Bath images4,186 sqft images2008

imagesActive

icon Ask a Question

Description

Perfect opportunity for luxury living or investment property in the heart of Tempe. 5% Cap rate with owners spending up to 3 months in property could be 8+% with at capacity. Must be patient when seeing with high occupancy on airbnb. This stunning 6-bedroom, 4.5-bathroom home boasts an impressive 4,186 square feet of living space with plenty of space to entertain. 2 master suites and 2 kitchens. Sold fully furnished. A private backyard paradise with meticulously landscaped outdoor space features a brand new sparkling pool, perfect for those scorching Arizona days or heat it up during the cold season. An amazing rooftop deck with breathtaking views of the surrounding area - it's the ideal spot for stargazing or entertaining friends

Supplements: Location is key, and this home delivers. Just minutes away from ASU, Tempe Town Lake, and Scottsdale, you'll find endless opportunities for recreation. Currently run as a successful AirBnb, this is an investors dream. Could be rented as is or converted to 2 separate housing units for additional revenue as there are already separate entrances, seperate kitchens, laundry's, etc. so you would just need close in one small wall upstairs. Since it comes fully furnished it could be up and running in no time. Owner can provide proof of rental income upon request.

Property Features
Special Listing Cond: Owner/Agent
Add'l Property Use: Other
Architecture: Contemporary
Master Bathroom: Full Bth Master Bdrm; 2 Master Baths
Flooring: Vinyl
Window Features: Dual Pane
Private Pool Features: Heated; Variable Speed Pump
Spa: Private; Heated
Dining Area: Breakfast Bar; Dining in LR/GR; Dining in FR
Kitchen Features: Range/Oven Elec; Electric Cooktop; Dishwasher; Refrigerator; Multiple Ovens; Pantry; Granite Counters; Kitchen Island
Laundry: Washer Included; Dryer Included; Upstairs Laundry
Other Rooms: Family Room; Great Room; Bonus/Game Room
Interior Features: 9+ Flat Ceilings; Wet Bar; Furnished(See Rmrks)
Technology: Cable TV Avail
Exterior Features: Balcony; Covered Patio(s)
Road Responsibility: City Maintained Road
Construction: Wood Frame
Const - Finish: Stucco; Stone
Roofing: Tile; Rolled
Cooling: Central Air; Programmable Thmstat; ENERGY STAR Qualified Equipment
Heating: Electric; ENERGY STAR Qualified Equipment
Plumbing: Dual Flush Toilet; Electric Hot Wtr Htr
Utilities: APS
Water Source: City Water
Sewer: Sewer - Public
Services: City Services
Fencing: Block
Landscaping: Gravel/Stone Front; Desert Front; Synthetic Grass Back
Showing Notification Methods: Text; Phone Call
Lockbox Type: Other
Possession: Close of Escrow
Association Fee Incl: No Fees
Existing 1st Loan: Conventional
New Financing: Cash; VA; FHA; Conventional
Disclosures: Seller Discl Avail
Contract Information
List Price: $1,199,900
Status: Active
Current Price: $1,199,900
List Date: 2024-10-23
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 1004
Compass: E
Street Name: Tempe
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
County Code: Maricopa
Assessor Number: 132-12-127
Subdivision: North Tempe
Tax Year: 2025
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 3
# of Interior Levels: 2
# Bedrooms: 6
Full Bathrooms: 4
Half Bathrooms: 2
Total Bathrooms: 6
Approx SQFT: 4186
Price/SqFt: 286.65
Horses: N
Builder Name: UNK
Year Built: 2008
Approx Lot SqFt: 7614
Approx Lot Acres: 0.175
Community Pool Y/N: No
Private Pool Y/N: Yes
Fireplace YN: No
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Tempe Elementary Online Community
Jr. High School: Tempe Elementary Online Community
High School: Tempe High School
Remarks Misc
Cross Street: Scottsdale Road and Tempe Drive
Directions: From the 202 take Scottsdale road north and turn right on Tempe road to property on the left
Geo Lat: 33.442478
Geo Lon: -111.92418
Legal Info
Lot Number: 127
Basement
Basement Y/N: N
Items Updated
Floor Partial/Full: Full
Bath(s) Partial/Full: Full
Parking Spaces
Garage Spaces: 4
Carport Spaces: 2
Total Covered Spaces: 6
Showing Notification Methods
Showing Service: Non-MLS Showing Service - See Private Remarks