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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$850,000

Est. payment - /mo

5 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision University Estates

MLS Listing ID 7067136

Bedrooms 5

Year Built 1951

Annual Tax Amount $1,683

Tax Year 2025

Lot Dimensions Irregular

Source Arizona Regional Multiple Listing Service (ARMLS)

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.

Location

State AZ

County Maricopa

Community University Estates

Area Maricopa

Zoning Residential

Direction Head toward S Mill Ave. Turn left onto E Broadway Rd. Turn left onto S Encanto Dr. Turn right onto E Bonita Way. Home will be on the right.

Interior

Heating Electric

Cooling Central Air

Flooring Carpet

Appliance Disposal, Refrigerator, Built-In Electric Oven

Exterior

Parking Features Detached Garage

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Broadmor Elementary School

Middle Schools Connolly Middle School

High Schools Tempe High School

School District Tempe Union High School District

Others

Senior Community No

Tax ID 133-16-104

Acceptable Financing Conventional, VA Loan

Disclosures None

Listing Terms Conventional, VA Loan

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Listed by eXp Realty • Brian J Cunningham

NEARBY SCHOOL & BUSINESS

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111 E BONITA Way Tempe, AZ 85281