401 S Robert Road Tempe, AZ 85281
Listing Courtesy of: Arizona Regional MLS / Coldwell Banker Realty

  401 S Robert Road Tempe, AZ 85281

Active (102 Days)
$498,999
5
BED
2
BATH
1,524
SQFT

Description

Unlock Your House-Hacking Potential in the Heart of Tempe! This expansive 5-bedroom, 2-bathroom home offers a rare combination of space, style, and income-generating possibilities, perfect for investors or savvy homebuyers. Live in one room and Airbnb the rest, rent out individual rooms, or make it your full-time residence while letting the property pay for itself. Projected to generate an impressive annual revenue of $69,007, this home boasts a 10.4% Cap Rate, 13.7% Gross Yield, and a 15.4% Cash-on-Cash Return. Thoughtfully updated, the home features a bright, airy kitchen with sage-colored cabinets and skylights, alongside energy-efficient double-pane windows and durable block walls for added insulation. With prime proximity to Tempe's top amenities and solid Airbnb performance in the area, this property is poised for consistent returns. Don't miss this unique opportunity to own a spacious, stylish home with significant investment upside! Maximize rental space with 5 rooms or swap one room for an oversized primary suite.
! Properties that offer this perfect blend of aesthetic appeal and an unbeatable environment near ASU, Mill Ave, and the 10, 60 ,202 freeways are truly one-of-a-kinddon't miss the chance to make it yours

MLS #:
6748518
Taxes
$1,593
Lot Size
6,817 SQFT
Type
Single-Family Home
Year Built
1951
County
Maricopa County

Listed By

Vanessa Roark, Coldwell Banker Realty
Source
Arizona Regional MLS
Last checked Dec 5 2024 at 7:52 PM MST
Bathroom Details
Interior Features
  • No Interior Steps
  • Eat-In Kitchen
Lot Information
  • Gravel/Stone Back
  • Gravel/Stone Front
Property Features
  • Fireplace: None
Heating and Cooling
  • Electric
  • Refrigeration
Pool Information
  • None
Flooring
  • Laminate
Exterior Features
  • Block
  • Painted
  • Brick Veneer
  • Roof: Composition
Utility Information
  • Sewer: Public Sewer
School Information
  • Elementary School: Scales Technology Academy
  • Middle School: Geneva Epps Mosley Middle School
  • High School: Tempe High School
Stories
  • 1.00000000
Living Area
  • 1,524 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Listing Data Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All Rights reserved
Information Deemed Reliable but not Guaranteed.
ARMLS Last Updated: 12/5/24 11:52.