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32
Photos
725 E ENCANTO Drive, Tempe, AZ 85281
$1,550,000 Asking Price
$---/mo Est. Payment Get Prequalified »
7
beds
7
baths
2,605
sqft
Built in
1957
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!
Features & Amenities
Interior
- General:
- No Interior Steps, Vaulted Ceiling(s), Pantry, Full Bth Master Bdrm, High Speed Internet
- Flooring:
- Tile
- A/C:
- Central Air
- Heating:
- Electric
- Fireplace:
- 1 Fireplace, Fireplace
Exterior
- General:
- None
- Style:
- Ranch
- Pool:
- None
Construction
- Roofing:
- Composition
- General:
- Painted, Block
Location
- HOA Amenities:
- No Fees
- Originating MLS:
- Arizona Regional Multiple Listing Service 2
- School District:
- Tempe School District
- County:
- Maricopa
Lot
- Zoning:
- 13312070
- Fencing:
- Block
Utilities
- Water:
- City Water
- Sewer:
- Public Sewer
Financial
- Source:
- Arizona Regional Multiple Listing Service 2
This listing courtesy of:
Berkshire Hathaway HomeServices Arizona Properties, Robert Sullivan
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Tempe, AZ
Housing
- Number of Units
- 86,533
- Median Home Value
- $306,073
- Median Rent
- $1,139
61.06% of housing units are renter occupied.
8.05% are vacant.
Commute
- Car
-
59.79%
- Public Transportation
-
3.04%
- Walk to Work
-
3.96%
- Work from Home
-
28.51%
- Other
-
1.42%
The median travel time to work is 16 minutes.
People
- Population
- 190,328
- Median Age
- 32.80
- Median Household Size
- 2.47
Education
- High School
-
15.36%
- Associate’s Degree
-
7.06%
- Bachelor’s Degree
-
26.67%
- Graduate Degree
-
19.70%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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