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$749,999
6 Beds 8 Baths 7057410 MLS
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.

421 S Terry Lane, Tempe

$735,000
6 Beds 4 Baths 7054903 MLS 3,066 SqFt.
Rarely does a property offer this much space, versatility, and opportunity in such a desirable Tempe location. With 5 bedrooms and 2.5 baths in the main home PLUS a detached 2/1 casita, this property is ideal for multigenerational living, guests, a home office, rental income potential, or Airbnb opportunities. Spanning approximately 3,066 square feet on an oversized lot, the home is loaded with upgrades including plantation shutters, exterior security shutters on both the main home and casita, tile flooring throughout the main living areas, granite countertops, custom cabinetry, and stainless steel appliances. The primary suite is conveniently located on the main level and features a large oversized shower with dual shower heads, while the remaining bedrooms are situated downstairs for added privacy. Two wood-burning fireplaces add warmth and character, including one in the main living area and another on the private primary suite balcony patio. Outdoor living is equally impressive with two balcony covered patios, an inviting fountain area, and professionally maintained zero-scape landscaping with front and back irrigation. The property also includes an RV gate and RV parking, a large storage shed, abundant storage throughout, garage cabinetry, and an epoxy-coated garage floor with an additional sink. The main house AC unit was installed in 2021 and the water heater in 2020. The attached casita offers its own separate entrance while still providing interior access to the main home. It includes granite tile countertops, a full bathroom, washer and dryer, and the flexibility to add a stove if desired. The casita AC unit was installed in 2018, and the water heater was replaced in 2017. Located near the canal for walking and jogging, and just minutes from shopping, dining, and freeway access, this property combines space, functionality, and a prime Tempe location with the added benefit of no HOA.

6847 S Alder Drive, Tempe

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