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Unlock Your House-Hacking Potential in the Heart of Tempe! This expansive 5-bedroom, 2-bathroom home offers a rare combination of space, style, and income-generating possibilities, perfect for investors or savvy homebuyers. Live in one room and Airbnb the rest, rent out individual rooms, or make it your full-time residence while letting the property pay for itself. Projected to generate an impressive annual revenue of $69,007, this home boasts a 10.4% Cap Rate, 13.7% Gross Yield, and a 15.4% Cash-on-Cash Return. Thoughtfully updated, the home features a bright, airy kitchen with sage-colored cabinets and skylights, alongside energy-efficient double-pane windows and durable block walls for added insulation. With prime proximity to Tempe's top amenities and solid Airbnb performance in the area, this property is poised for consistent returns. Don't miss this unique opportunity to own a spacious, stylish home with significant investment upside! Maximize rental space with 5 rooms or swap one room for an oversized primary suite. ! Properties that offer this perfect blend of aesthetic appeal and an unbeatable environment near ASU, Mill Ave, and the 10, 60 ,202 freeways are truly one-of-a-kinddon't miss the chance to make it yours
Property Type(s):
Single Family
| Last Updated | 11/14/2024 | Tract | WILLACKER HOMES |
|---|---|---|---|
| Year Built | 1951 | Community | WILLACKER HOMES |
| County | Maricopa |
SCHOOLS
| Elementary School | Scales Technology Academy |
|---|---|
| Jr. High School | Geneva Epps Mosley Middle School |
| High School | Tempe High School |
Price History
| Prior to Sep 6, '24 | $524,999 |
|---|---|
| Sep 6, '24 - Oct 9, '24 | $523,999 |
| Oct 9, '24 - Nov 8, '24 | $515,000 |
| Nov 8, '24 - Nov 14, '24 | $505,000 |
| Nov 14, '24 - Today | $499,999 |
Additional Details
| CONSTRUCTION | Block, Brick Veneer |
|---|---|
| HEAT | Electric |
| INTERIOR | Eat-in Kitchen |
| LOT | 6970 sq ft |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | WILLACKER HOMES |
| TAXES | 1593 |
| WATER | Public |
Location
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Listed with Coldwell Banker Realty
The ARMLS logo indicates a property listed by a real estate brokerage other than Joe Szabo RE/MAX Fine Properties.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data last updated 11/25/24 2:35 AM PST.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data last updated 11/25/24 2:35 AM PST.
This IDX solution is (c) Diverse Solutions 2024.
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