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421 S TERRY Lane

Tempe, AZ 85281

Tempe, AZ 85281

421 S TERRY Lane

$769,999

MLS#: 7057410

Status: Active

Listing provided by: Realty ONE Group

Listing agent phone: None

Last update: 6 days ago

On site: a month ago

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MERCADO HOMES - Residential Income

About

Attention aspiring SHORT TERM RENTAL owners!! This is an amazing opportunity to turn a profit and own an investment property. Numbers for only ONE side of the duplex provide a $39K revenue. To help ease the new owners worries there are new roofs on both sides, new AC unit on one side, new water heater on one side, both units come with W/D, refrigerators and blinds. This Is a prime Tempe investment opportunity! This beautifully updated duplex is located in one of the Valley's strongest rental markets, just minutes from Arizona State University, Sky Harbor International Airport, Downtown Tempe, Tempe Town Lake, and major employment hubs. With easy access to Loop 202, SR-143, and I-10, this is an ideal location for attracting long and short-term tenants. Each unit offers a modern, open-concept layout with designer finishes, granite countertops, stainless steel appliances, wood-look tile flooring, spacious bedrooms, private patios, and low-maintenance outdoor space. All features that help attract and retain quality tenants. The property has demonstrated strong rental demand and offers an excellent opportunity for investors seeking immediate income with long-term appreciation potential. Whether you're looking to expand your portfolio, complete a 1031 exchange, or live in one unit while generating rental income from the other, this property checks all the boxes. Opportunities to own a well-maintained duplex in this highly sought-after Tempe location are few and far between. Don't miss your chance to own an income-producing asset in one of Arizona's most consistently desirable rental markets.

Property

Beds

6

Full Baths

None

1/2 Baths

None

Year Built

1985

Sq.Footage

N/A

Features

Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Stucco

  • Parking

    Paved, Assigned

  • Pool

    No

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $769,999

  • Tax Amount

    $1,729

  • Financing Options

    Conventional, FHA, VA

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Tempe School District

  • Middle School

    Geneva Epps Mosley Middle School

  • High School

    Tempe High School

Property Features

  • Ownership

    Fee Simple

  • Sewer

    Public Sewer

  • Tax Lot

    4

  • Water Source

    Public

Schedule

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Location

  • County

    Maricopa

  • Elementary School

    Tempe School District

  • Middle School

    Geneva Epps Mosley Middle School

  • High School

    Tempe High School

Listing Courtesy of Nicole John , Realty ONE Group

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Agent Kelly Hammer

Kelly Hammer

Associate Broker / Realtor®

Call Kelly today to schedule a private showing.

Phone (520) 227-5144

Email Kelly@MandyGoldTeam.com


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421 S TERRY Lane

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