About This Home

This 2-bedroom, 1-bathroom multi-family at 700 W UNIVERSITY Drive #122 in Tempe, AZ is listed for $240,000 ($286 per sqft). Built in 1982, the home offers 840 sqft of living space on a 0.00 acres lot.

Key Features

  • Built in 1982
  • 0.00 acre lot
  • 2 stories

Property Details

2 stories
1 full
#122
1982

Amenities

A/C
Listing Description

Prime Tempe Location! Spacious, Freshly Painted Property Near ASU -- Great Investment Opportunity! Location, space, and value! This wonderful property is freshly painted and ready for its next owner. The home features a spacious kitchen with upgraded appliances and an abundance of cabinet and storage space, making it both functional and comfortable.

Located conveniently near Tempe Downtown and Arizona State University (ASU), this property is an excellent opportunity for investors, college students, parents purchasing for their ASU student, or buyers looking for strong rental potential. " Close to ASU campus = degrees Excellent opportunity for investors ' Ideal for college students =E Great pot

ential for rental income Prime location + spacious living + proximity to ASU = an opportunity you won't want to miss! Whether you're looking for a home for your college student or an investment property in a desirable Tempe location, come see what this property has to offer.

Monthly Cost Estimate

$1,499/mo

20% down · 6.5% · 30 years

Principal$174
Interest$1,040
Insurance$70
HOA$215

Estimates only. Actual payments may vary.

Location

700 W UNIVERSITY Drive #122

Tempe, AZ 85281

SCENE 1 CONDOMINIUMS

Features & Amenities

Interior Features

Separate Shwr & Tub

Property Details

Flooring

Vinyl

Construction

Stucco Wood Frame

Heating

Electric (Heating)

Cooling

Central Air

Appliances

DryerWasherRefrigeratorBuilt-in MicrowaveElectric Range

Questions & Answers

This 2-bedroom, 1-bathroom multi-family at 700 W UNIVERSITY Drive is listed at $240,000 ($286/sqft). The estimated monthly payment is $1,499 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $215/month.

Key features include: Built in 1982, 0.00 acre lot, 2 stories. Interior Features: Separate Shwr & Tub.

This property is listed by Pawan Gulati.

PG

Pawan Gulati

Agent at HomeSmart

Listed by HomeSmart · Broker phone: (602) 230-7600 · View on Broker Site · Broker website

MLS# 7039225· Source: Arizona Regional Multiple Listing Service, Inc.· 144 days on PropertySimple

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

700 W UNIVERSITY Drive #122, Tempe, AZ 85281

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