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$249,900
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Property Description
Investor Value Alert! Opportunity in the heart of Tempe. Tenant-occupied 2 bed, 2 bath condo providing immediate rental income with future upside potential. Desirable split floorplan, inside laundry, private balcony, and spacious living areas. Excellent location near ASU, shopping, dining, major employers, and freeway access. Attractive option for buy-and-hold investors, 1031 Exchange buyers, and long-term portfolio growth. Community improvements and repair projects are underway, creating potential long-term value enhancement. HOA includes exterior maintenance, roof, water, sewer, two community pools, and more. Rare opportunity to acquire a Tempe investment property at an attractive price point within a highly sought-after rental market. Buyer to independently verify financing and
Full Property Details
Full Property Details for 200 E Southern Ave #224
General
- Price: $249,900
- HOA FEE: $445/month
- Taxes: $1,195 (2025)
- Status: Active
- Type: Apartment
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7009928
- Updated: 7/1/2026
- Added to Site: 62 day(s) ago
Interior
- Interior Features: Granite Counters, No Interior Steps, Vaulted Ceiling(s), Full Bth Master Bdrm
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room
- Appliances: Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Range
- Flooring: Carpet, Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Inside
Exterior
- Exterior Features: Balcony, Storage
Parking
- Parking Features: Detached Carport, Assigned
Location
- County: Maricopa
- Township: 1N
- Subdivision: Chesapeake Condominium
- Cross Streets: Southern Ave and Mill Ave
Community
- Association: Yes
- Assoc. Name: Chesapeake Owners
- Assoc. Fees Include: Roof Repair, Insurance, Sewer, Maintenance Grounds, Street Maint, Trash, Water, Roof Replacement, Maintenance Exterior
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Electric
Utilities
- Water: City Water
Structural Information
- Builder: UNK
- Exterior Const.: Brick Veneer, Wood Siding, Wood Frame, Painted
- Roof: Tile
- Common Walls: Two Common Walls, Neighbor Below, End Unit
- Sq. Ft. Source: Assessor
- Year Built: 1986
Lot Features
- Property View: City
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,202
- Lot Size Source: Assessor
- Frontage: Paved
- Lot Features: Borders Common Area, North/South Exposure, Grass Front, Grass Back
Financial Considerations
- Association Fee: $445
- Assoc Fee Freq.: Monthly
- Tax Amount: $1,195
- Tax Year: 2025
- Terms: Cash, 1031 Exchange
Disclosures and Reports
- Ownership: Condominium
- Legal Description: LOT 224 CHESAPEAKE CONDOMINIUM MCR 083937
- Property ID: 133-46-233
- Range: 4E
- Section: 27
- Lot Number: 224
Listed by Delex Realty
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Schools
Schools serving 200 E Southern Ave #224
School Districts:Tempe School District, Tempe Union High School District
| Name | Grades | Distance |
|---|---|---|
Broadmor Elementary School 311 East Aepli Drive, Tempe, AZ 85282 | K-5 | 0.8 mi |
Connolly Middle School 2002 East Concorda Drive, Tempe, AZ 85282 | 6-8 | 2.2 mi |
Tempe High School 1730 S Mill Ave, Tempe, AZ 85281 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 200 E Southern Ave #224
Date
Details
Price
Change
Source
6/10/2026
Price Reduced
$249,900
-2%
MLS
5/04/2026
Listed
$255,000
96.15%
MLS
12/16/2013
Sold
$130,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 200 E Southern Ave #224
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,195
—
$9,971
-56%
2025
$1,195
8%
$22,460
4%
2023
$1,103
4%
$21,550
26%
2022
$1,059
—
$17,120
7%
2022
$1,059
-1%
$16,070
11%
2021
$1,066
3%
$14,430
18%
2020
$1,033
2%
$12,180
8%
2019
$1,014
3%
$11,230
10%
2018
$989
3%
$10,180
11%
2017
$959
1%
$9,210
10%
2016
$953
4%
$8,380
12%
2015
$915
3%
$7,460
28%
2014
$885
19%
$5,830
6%
2013
$742
—
$5,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 200 E Southern Ave #224
200 E Southern Avenue #224, Tempe, AZ 85282 (MLS# 7009928) is a Apartment property with 2 bedrooms and 2 full bathrooms. 200 E Southern Avenue #224 is currently listed for $249,900 and was received on May 04, 2026. Want to learn more about 200 E Southern Avenue #224? Do you have questions about finding other Apartment real estate for sale in Tempe? You can browse all Tempe real estate or contact a Coldwell Banker agent to request more information.

