725 E ENCANTO Drive new Save Request In-Person Tour Request Virtual Tour
Tempe,AZ 85281
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,605 sqft
Price per Sqft $595
Subdivision University Heights
MLS Listing ID 6851447
Style Ranch
Bedrooms 7
HOA Y/N No
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1957
Annual Tax Amount $3,753
Tax Year 2024
Lot Size 7,261 Sqft
Acres 0.17
Property Sub-Type Single Family Residence
Property 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!
Location
State AZ
County Maricopa
Community University Heights
Direction 1. Turn right off Rural Rd onto E. Encanto Dr. 2. Turn off E. Broadway onto S Ventura Dr, then right onto E Encanto Dr.
Rooms
Den/Bedroom Plus 7
Separate Den/Office N
Interior
Interior Features No Interior Steps,Vaulted Ceiling(s),Pantry,Full Bth Master Bdrm,High Speed Internet
Heating Electric
Cooling Central Air
Flooring Tile
Fireplaces Type 1 Fireplace
Fireplace Yes
SPA None
Exterior
Fence Block
Pool None
Amenities Available None
Roof Type Composition
Porch Patio
Private Pool No
Building
Story 1
Builder Name Unknown
Sewer Public Sewer
Water City Water
Architectural Style Ranch
New Construction No
Schools
Elementary Schools Broadmor Elementary School
Middle Schools Mckemy Academy Of International Studies
High Schools Tempe High School
School District Tempe Union High School District
Others
HOA Fee Include No Fees
Senior Community No
Tax ID 133-12-070
Ownership Fee Simple
Acceptable Financing Cash,Conventional,FHA,VA Loan
Horse Property N
Listing Terms Cash,Conventional,FHA,VA Loan