1004 East Tempe Drive Tempe, AZ 85281

$1,199,900
6
Beds
5
Baths
0.17
Acres
4,186
SQFT
287
$/SQFT
$1,199,900
6
Beds
5
Baths
4,186   sf
$287 / sf
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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 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.

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 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.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Maricopa
  • Area
    Tempe
  • Tax Amount
    $2,617
  • Status
    Active
  • Listing #
    6774897
  • Built
    2008
  • Lot Size
    0.17
  • Listed on site
    407 days
  • Listing Agent Phone
    928-245-6499
  • Builder Name
    UNK

Listed by:
Landmark Homes, L.L.C.

mls source logo Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)
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Property details

Community Features

  • No HOA
  • Not Age Restricted

Exterior features

  • Has garage
  • Patio
  • Pool

Style

  • Contemporary

Financing

  • Conventional Financing

Property History

DateDays AgoEventNew Price
Jun 10, 20256 mos agoPrice decreased100,000 (8%)$1,199,900
Apr 5, 20258 mos agoPrice decreased30,000 (2%)$1,299,900
Mar 5, 20259 mos agoPrice decreased19,100 (1%)$1,329,900
Feb 22, 202510 mos agoPrice decreased50,000 (4%)$1,349,000
Jan 21, 202511 mos agoPrice decreased60,000 (4%)$1,399,000
Dec 12, 202412 mos agoPrice decreased31,000 (2%)$1,459,000
Nov 4, 20241 yr agoPrice decreased60,000 (4%)$1,490,000
Oct 23, 20241 yr agoNew on market$1,550,000
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