$899,000
Tempe, AZ 85282
MLS# 6956838
1 / 71
Property Description
Conveniently located in the heart of Tempe near ASU, this property delivers a rare and powerful investment opportunity with multiple income streams. The main home features 3 bedrooms, 2 bathrooms, and a 2 car garage, while TWO separate 2 bedroom 1 bath rental units provide dependable monthly income. You can rent all three units to maximize cash flow or live in the main home while collecting income from the rentals. Tempe's strong rental demand, large student population, and steady need for long term housing make this an exceptional investment. Sitting on a desirable corner lot with a private pool, easy freeway access, and a large park directly across the street, this property blends convenience, lifestyle, and long term profitability in one standout package.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $899,000
List Price: $899,000
Status: Active
List Date: 2025-12-11
Location, Tax & Legal
Assessor's Map #: 45
Legal Description (Abbrev): LOT 10 LAGUNA ESTATES 2 MCR
Assessor's Parcel #: 143
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319705
Taxes: 2696
Legal: LOT 10 LAGUNA ESTATES 2 MCR
Marketing Name: Laguna Estates
House Number: 3673
Compass: S
Street Name: ROOSEVELT
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 4838
County Code: Maricopa
Subdivision: LAGUNA ESTATES 2
Assessor Number: 123-45-143
Tax Year: 2025
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 87.30 x 120.45
Total # of Units: 3
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Carminati School
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Year Built: 1973
Zoning: R-3R
Legal Info
Range: 4E
Section: 33
Township: 1N
Lot Number: 10
Project Type
Tri-Plex: 1
Other Type
House + Rental Units: 1
Construction
Brick: 1
Const - Finish
Brick Veneer: 1
Roofing
Composition: 1
Floors
Laminate: 1
Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Pool Equipment: 1
Income & Expenses
Annual Elec Exp: 2000
Annual Ins Exp: 2000
Annual Maint Exp: 2500
Annual Wtr/Swr Exp: 2000
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 11196
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 58800
Total Monthly Rental Income: 4900
Pmt & Rate Info
Cap Rate: 5.3
Equity: 899000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Community Features
Pool: 1
Heating
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Exterior Amenities
Desert Landscaping: 1
Rain Gutters: 1
Cable TV Available: 1
Sidewalk(s): 1
Separate Storage: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Free-Standing Electric Oven: 1
Refrigerator: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Garage: 1
Free: 1
>1 Space Per Unit: 1
Paved: 1
Assigned: 1
Attached Garage: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
Pool Maintenance: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Cell Phn2: 480-381-7173
Efficiency Units
# Efficiency Units: 2
Avg Rent: 1500
Avg SqFt: 750
# Baths: 1
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1900
Avg SqFt: 750
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1500
Avg SqFt: 1300
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Manhatton Drive & W La Jolla Drive
Directions: From the I-10 head East on Southern to Roosevelt Road, turn left (South) and take that to W La Jolla Drive turn left (East) home is immediately on your left (Northside of road).
Geo Lat: 33.390441
Geo Lon: -111.947614
Income Expenses
Gross Annual Sch Inc: 58800
Net Operating Income: 47604
Property Features
Project Type: Tri-Plex
Other Type: House + Rental Units
Construction: Brick
Const - Finish: Brick Veneer
Roofing: Composition
Floors: Laminate; Tile; Carpet
Sale Includes: Land & Building; Pool Equipment
Community Features: Pool
Exterior Amenities: Desert Landscaping; Rain Gutters; Cable TV Available; Sidewalk(s); Separate Storage
Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Washer/Dryer; W/D Hookup
Heating: Central
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP; Individual Meter
Gas: None
Parking Features: Garage; >1 Space Per Unit; Assigned; Free; Paved; Attached Garage
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Lockbox Type: Supra
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office: Limitless Real Estate
Last Updated: December - 19 - 2025
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Broker Attribution:
480-381-7401