200 E SOUTHERN Avenue 224, Tempe, AZ 85282 (MLS# 7009928)

$255,000

200 E SOUTHERN Avenue 224
Tempe, AZ 85282
MLS# 7009928
2 beds | 2 baths

Property Description
Coming Soon - Investor Opportunity: Located in the heart of Tempe, this 2-beds, 2-bath condominium offers a compelling opportunity for investors seeking immediate rental income with long-term upside. Currently tenant-occupied with a lease in place through November 2026, this property provides stable in-place income and future potential for repositioning. - The unit features approx. 941 sqft with a split layout, including spacious living areas and private outdoor space. Situated within a well-located community near major employment centers, shopping, dining, bus stop and freeway access, the property benefits from strong rental demand in the area. - This is a cash-only opportunity due to community and financing considerations, making it ideal for seasoned investors adding to their portfolio.

Details

Maps

Contract Information

Type: Exclusive Right To Sell

Ownership: Condominium

Co-Ownership (Fractional) Agreement YN: No

List Price: $255,000

Status: Active

Current Price: $255,000

List Date: 2026-04-04

Location, Tax & Legal

Unit #: 224

Building Number: D

Assessor's Map #: 46

Legal Description (Abbrev): LOT 224 CHESAPEAKE CONDOMINIUM MCR 083937

Assessor's Parcel #: 233

Tax Municipality: Tempe

Taxes: 1195

House Number: 200

Compass: E

Street Name: SOUTHERN

St Suffix: Avenue

City/Town Code: Tempe

State/Province: AZ

Zip Code: 85282

Zip4: 5156

Country: US

County Code: Maricopa

Assessor Number: 133-46-233

Subdivision: Chesapeake Condominium

Tax Year: 2025

General Property Description

Dwelling Styles: Stacked

# of Interior Levels: 1

Full Bathrooms: 2

Half Bathrooms: 0

Approx SQFT: 941

Price/SqFt: 270.99

Approx Lot SqFt: 1202

Approx Lot Acres: 0.028

Flood Zone: No

Horses: N

Builder Name: UNK

Elementary School District: Tempe School District

High School District: Tempe Union High School District

Elementary School: Broadmor Elementary School

Jr. High School: Connolly Middle School

High School: Tempe High School

Community Pool Y/N: Yes

Private Pool Y/N: No

Fireplace YN: Yes

Fireplaces Total: 1

Marketing Name: Chesapeake Condominium

Dwelling Type: Apartment

Exterior Stories: 2

# Bedrooms: 2

Total Bathrooms: 2

Year Built: 1986

Legal Info

Range: 4E

Section: 27

Township: 1N

Lot Number: 224

Special Listing Cond

N/A: 1

Construction

Wood Frame: 1

Const - Finish

Wood Siding: 1

Painted: 1

Brick Veneer: 1

Roofing

Tile: 1

Association & Fees

HOA Y/N: Y

HOA Disclosure/Addendum Affirmation: Yes

HOA Transfer Fee: 0

HOA Fee: 445.39

HOA Paid Frequency: Monthly

HOA Name: Chesapeake Owners

HOA Telephone: 602-437-777

HOA Management Company: City Property Mgmt.

Special Assessment HOA: No

HOA 2 Y/N: N

PAD Fee Y/N: N

Cap Improvement/Impact Fee: 500

Cap Improvement/Impact Fee $/%: $

Prepaid Association Fees HOA: 890.78

Disclosure Fees HOA: 400

Other Fees HOA: 100

Other Fees Description: New owner setup fee

Land Lease Fee Y/N: N

Rec Center Fee Y/N: N

Ttl Mthly Fee Equiv: 445.39

Showing Notification Methods

Showing Service: No Showing Service Used

Text: 1

Lockbox Type

None: 1

Master Bathroom

Full Bth Master Bdrm: 1

Master Bedroom

Split: 1

Additional Bedroom

Other Bedroom Split: 1

Master Bedroom Walk-in Closet: 1

Other Bedroom Walk-in Closet: 1

Fireplace Features

Fireplace Living Rm: 1

Flooring

Carpet: 1

Tile: 1

Community Features

Community Laundry: 1

Community Spa: 1

Near Bus Stop: 1

Dining Area

Dining in LR/GR: 1

Heating

Electric: 1

View

City: 1

Kitchen Features

Dishwasher: 1

Disposal: 1

Electric Range: 1

Built-in Microwave: 1

Refrigerator: 1

Granite Counters: 1

Cooling

Central Air: 1

Interior Features

Vaulted Ceiling(s): 1

Laundry

Washer Included: 1

Dryer Included: 1

Inside: 1

Basement

Basement Y/N: N

Other Rooms

Great Room: 1

Separate Den/Office

Sep Den/Office Y/N: N

Road Access Type

City Street: 1

Road Surface Type

Paved: 1

Road Responsibility

Private Maintained Road: 1

Fencing

Wood: 1

Water Source

City Water: 1

Community Pool Features

Fenced: 1

Outdoor: 1

Exterior Features

Balcony: 1

Storage: 1

Spa

Heated: 1

Sewer

Sewer - Public: 1

Parking Spaces

Slab Parking Spaces: 0

Total Covered Spaces: 1

Carport Spaces: 1

Parking Features

Assigned Parking: 1

Detached Carport: 1

New Financing

Cash: 1

Cash to Loan: 1

Utilities

SRP: 1

Existing 1st Loan

Conventional: 1

Existing 1st Loan Terms

Non Assumable: 1

Property Description

North/South Exposure: 1

Borders Common Area: 1

Landscaping

Grass Front: 1

Grass Back: 1

Unit Style

All on One Level: 1

Two Common Walls: 1

Neighbor Below: 1

End Unit: 1

Street Facing: 1

Disclosures

Seller Discl Avail: 1

Possession

Close of Escrow: 1

Association Fee Incl

Exterior Mnt of Unit: 1

Roof Repair: 1

Roof Replacement: 1

Blanket Ins Policy: 1

Water: 1

Sewer: 1

Garbage Collection: 1

Common Area Maint: 1

Street Maint: 1

Assoc Rules/Info

Pets OK (See Rmrks): 1

No Visible Truck Trailer RV Boat: 1

Rental OK (See Rmks): 1

Prof Managed: 1

Remarks Misc

Cross Street: Southern Ave and Mill Ave

Geo Lat: 33.393141

Geo Lon: -111.936141

Property Features

Special Listing Cond: N/A

Master Bathroom: Full Bth Master Bdrm

Master Bedroom: Split

Additional Bedroom: Other Bedroom Split; Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet

Fireplace Features: Fireplace Living Rm

Flooring: Carpet; Tile

Community Pool Features: Fenced; Outdoor

Spa: Heated

Community Features: Community Laundry; Community Spa; Near Bus Stop

Dining Area: Dining in LR/GR

Kitchen Features: Electric Range; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Granite Counters

Laundry: Washer Included; Dryer Included; Inside

Other Rooms: Great Room

Interior Features: Vaulted Ceiling(s)

Exterior Features: Balcony; Storage

Parking Features: Detached Carport; Assigned Parking

Road Access Type: City Street

Road Surface Type: Paved

Road Responsibility: Private Maintained Road

Construction: Wood Frame

Const - Finish: Wood Siding; Painted; Brick Veneer

Roofing: Tile

Cooling: Central Air

Heating: Electric

Utilities: SRP

Water Source: City Water

Sewer: Sewer - Public

Fencing: Wood

Property Description: North/South Exposure; Borders Common Area

Landscaping: Grass Front; Grass Back

Showing Notification Methods: Text

Lockbox Type: None

Possession: Close of Escrow

Unit Style: All on One Level; Two Common Walls; Neighbor Below; End Unit; Street Facing

Association Fee Incl: Exterior Mnt of Unit; Roof Repair; Roof Replacement; Blanket Ins Policy; Water; Sewer; Garbage Collection; Common Area Maint; Street Maint

Existing 1st Loan: Conventional

Existing 1st Loan Terms: Non Assumable

New Financing: Cash; Cash to Loan

Disclosures: Seller Discl Avail

Listing Office: DeLex Realty

Last Updated: May - 04 - 2026