1427 S TERRACE Road, Tempe, AZ 85281

$585,000 Asking Price

3 beds
4 baths
1,685  sqft
Built in 2012

This spacious and beautiful 3-bedroom home in Tempe is an exceptional investment opportunity. Located just a 1/4 mile from ASU and close to the light rail. Currently leased at $2,795/month through July 31, 2025, it offers immediate rental income and long-term potential. Inside, you'll find tile flooring throughout the main areas and plush carpeting in all bedrooms. Each generously sized bedroom includes a private en-suite bathroom and a walk-in closet! The modern kitchen features sleek cabinetry, matching appliances, granite countertops, and pantry for extra storage. Step outside to a covered patio and a low-maintenance backyard—ideal for relaxing or entertaining. The home also sides to a community greenbelt, offering added privacy and a peaceful setting.

Features & Amenities

Interior

General:
Upstairs, 9+ Flat Ceilings, Full Bth Master Bdrm, High Speed Internet, Granite Counters
Flooring:
Carpet, Tile
A/C:
Central Air, Ceiling Fan(s)
Heating:
Natural Gas
Fireplace:
None

Exterior

General:
None
Style:
Other
Pool:
None
Parking:
Garage Door Opener, Direct Access

Construction

Roofing:
Tile
Windows:
Dual Pane
General:
Stucco, Wood Frame

Location

HOA Amenities:
Management, Maintenance Grounds, Front Yard Maint, 99.0, Monthly
Originating MLS:
Arizona Regional Multiple Listing Service 2
School District:
Tempe School District
County:
Maricopa

Lot

Zoning:
13309811
Fencing:
Block

Utilities

Water:
City Water
Sewer:
Public Sewer

Financial

Source:
Arizona Regional Multiple Listing Service 2

This listing courtesy of:
Urban and Company, Fady Abuhmaidan

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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