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$255,000 Just Listed

  • For Sale
  • Active
  • Apartment
  • 2 Beds
  • 2 Full Baths
  • 0.03 Acres
  • Updated 3 hours ago
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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.

Full Property Details for 200 E Southern Ave #224

General

  • Price: $255,000
  • HOA FEE: $445/month
  • Taxes: $1,195 (2025)
  • Status: Active
  • Type: Apartment
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 7009928
  • Updated: 5/4/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: Granite Counters, 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

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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Listing agent

— 200 E Southern Ave #224 —

  • DeLex Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 200 E Southern Ave #224

School Districts:Tempe School District, Tempe Union High School District
NameGradesDistance
Broadmor Elementary School
311 East Aepli Drive, Tempe, AZ 85282
K-50.8 mi
Connolly Middle School
2002 East Concorda Drive, Tempe, AZ 85282
6-82.3 mi
Tempe High School
1730 S Mill Ave, Tempe, AZ 85281
9-121.1 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/04/2026
Listed
$255,000
96.15%
MLS
12/16/2013
Sold
$130,000
—
Public Record
Get Price Alerts and Save Property
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 for 200 E Southern Ave #224

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,195
7%
$22,460
—
2024
$1,117
1%
$22,450
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
—
View All
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 for 200 E Southern Ave #224

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by DeLex Realty

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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 $255,000 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.

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