$1,550,000
7 Beds
7 Baths
2,605 SqFt
0.17 Acre Lot
7,261 Sqft Lot
Status Active
Property Type Single Family Residence
Price Type
Year Built 1957
Neighborhood University Heights
Days on Website 36

Property Map

$1,550,000 – 725 E Encanto Drive, Tempe, AZ 85281

Street View

Courtesy of Berkshire Hathaway HomeServices Arizona Properties {attribution_contact}

Description

Incredible investor opportunity in the heart of Tempe—just ONE BLOCK from ASU Campus and a short walk to Mill Ave. This 7 BED, 7 BATH turn-key property requires NO TLC and is fully leased through July with strong cash flow. Owner is working on 12-month lease extensions to July 2026 as we speak. Parking for 6 cars in driveway. Located near Rural & Broadway with unbeatable access to shopping, restaurants, and essentials. Ideal for student housing with two new A/C units, separate water heaters, new roof, electrical, and plumbing—all permitted (see docs tab). Flexible options for the new owner to renew, re-lease, or reconfigure. Property has never been owner-occupied. 48-HOURS Notice to Show!

Property Details and Features

Bathrooms

  • 7 total decimal bathrooms
  • 7 total bathrooms

Bedrooms

  • 7 total bedrooms

Building

  • Built in 1957
  • Architectural style: “Ranch”
  • Living area: 2605
  • Construction materials: “Painted”, “Block”

Cooling

  • “Central Air”

Fence

  • “Block”

Fireplaces

  • “1 Fireplace”

Floors

  • “Tile”

Heating

  • “Electric”

Home Owner’s Association

  • Association fee includes: “No Fees”

Interior Features

  • “High Speed Internet”
  • “No Interior Steps”
  • “Vaulted Ceiling(s)”
  • “Pantry”
  • “Full Bth Master Bdrm”

Listing

  • Listing ID: 6851447
  • Standard status: Active
  • 36 days on market

Location

  • Subdivision name: UNIVERSITY HEIGHTS

Lot

  • 0.17 acres
  • 7,261 sqft

Energy Saving

  • Green water conservation: “Tankless Ht Wtr Heat”

Pool

  • “None”

Possession

  • “Close Of Escrow”

Roof

  • “Composition”

Schools

  • Elementary school: Broadmor Elementary School
  • High school: Tempe High School
  • High school district: Tempe Union High School District

Sewer

  • “Public Sewer”

Taxes

  • Annual amount: $3,753
  • Lot: 70

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This content last updated on May 21, 2025 11:12. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.