$585,000
Tempe, AZ 85281
MLS# 7025991
3 beds | 2 baths
1 / 28
Property Description
Turnkey income from day one -- seller prepays 12 months rent ($36,000) at close of escrow, occupant will sign a 2-year lease, generating $2,185 monthly NOI & a 4.78% cash-on-cash return. Fully remodeled in 2021 ($75,000+), the 1,631 SF block-construction home features white shaker cabinetry, dark quartz countertops, hardwood flooring, matte black fixtures, & a 2-car garage - uncommon in this submarket. Open kitchen-to-family room layout with French doors to a covered patio & tree-lined yard. New Daikin 4-ton HVAC system (2024) with 12-year manufacturer warranty. New 50-gallon gas water heater. 7 blocks from ASU in one of Tempe's strongest rental corridors. No HOA. Photos include images taken at purchase reflecting remodel condition, current photos illustrate occupancy.
Details
Maps
Documents
Contract Information
List Price: $585,000
Status: Active
Current Price: $585,000
List Date: 2026-04-22
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 607
Compass: W
Street Name: 15TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 6503
Country: US
County Code: Maricopa
Assessor Number: 124-66-044
Subdivision: MARILYN ANN UNIT 1
Tax Year: 2025
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 3
Full Bathrooms: 2
Total Bathrooms: 2
Approx SQFT: 1631
Price/SqFt: 358.68
Horses: N
Model: unknown
Builder Name: unknown
Year Built: 1960
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 7130
Approx Lot Acres: 0.164
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: No
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Holdeman Elementary School
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Remarks Misc
Cross Street: W Broadway Road & S Hardy Drive
Directions: W Broadway Rd to S Roosevelt St, go north on S Roosevelt .4 miles to W 15th St, turn west on 15th St. to property on south side of the street
Geo Lat: 33.41228
Geo Lon: -111.948347
Legal Info
Township: 1N
Range: 4E
Section: 21
Lot Number: 43
Basement
Basement Y/N: N
Items Updated
Floor Yr Updated: 2021
Floor Partial/Full: Full
Ht/Cool Yr Updated: 2024
Ht/Cool Partial/Full: Full
Kitchen Yr Updated: 2021
Kitchen Partial/Full: Full
Bath(s) Yr Updated: 2021
Bath(s) Partial/Full: Full
Parking Spaces
Garage Spaces: 2
Slab Parking Spaces: 4
Total Covered Spaces: 2
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Special Listing Cond: N/A
Add'l Property Use: Ranch
Architecture: Ranch
Master Bathroom: 3/4 Bath Master Bdrm
Flooring: Carpet; Tile; Wood
Window Features: Dual Pane
Spa: None
Community Features: Near Bus Stop
Dining Area: Eat-in Kitchen; Breakfast Bar; Breakfast Room
Kitchen Features: Gas Oven; Electric Cooktop; Disposal; Dishwasher; Refrigerator; Pantry; Walk-in Pantry; Quartz Countertops
Laundry: Washer Included; Dryer Included; Gas Dryer Hookup; Inside
Interior Features: No Interior Steps
Technology: Cable TV Avail; High Speed Internet
Exterior Features: Covered Patio(s); Patio; Storage
Parking Features: Attached Garage
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Construction: Block
Const - Finish: Painted
Roofing: Composition
Cooling: Central Air
Heating: Natural Gas
Plumbing: Gas Hot Water Heater
Utilities: APS; SW Gas
Water Source: City Water
Sewer: Sewer - Public
Services: City Services
Fencing: Block
Property Description: North/South Exposure
Landscaping: Grass Front; Grass Back; Yrd Wtring Sys Front; Yrd Wtring Sys Back; Auto Timer H2O Front; Auto Timer H2O Back
Showing Notification Methods: Text
Lockbox Type: See Private Remarks; None
Possession: By Agreement
Unit Style: All on One Level
Association Fee Incl: No Fees
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Disclosures: Agency Discl Req
Room Information
| Room Name | Length | Length | Width | Width | Level |
| Master Bedroom | 13.00 | 13.00 | 12.00 | 12.00 | First |
| Bedroom 2 | 11.00 | 11.00 | 11.00 | 11.00 | First |
| Bedroom 3 | 11.00 | 11.00 | 10.00 | 10.00 | First |
| Living Room | 21.00 | 21.00 | 17.00 | 17.00 | First |
| Family Room | 16.50 | 16.50 | 11.50 | 11.50 | First |
| Kitchen | 15.50 | 15.50 | 10.50 | 10.50 | First |
| Garage | 19.50 | 19.50 | 18.00 | 18.00 | First |
INVESTOR SUMMARY 
Listing Office: RETSY
Last Updated: May - 13 - 2026
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