DO NOT DISTURB TENANTS. BRAND NEW ROOF FEB 2026!Exceptional opportunity to acquire a high-visibility, turnkey Tempe 4-plex positioned on a premium, oversized lot directly on Southern Ave--an unbeatable location with strong rental demand and long-term appreciation potential. This meticulously maintained asset offers four spacious 2-bed, 1-bath units, all on month-to-month leases, creating immediate income with significant upside through rent optimization.The property reflects true pride of ownership and is primed for seamless operation. Major capital improvements have already been completed, including brand new roof, new ABS plumbing, updated AC units, fresh interior and exterior paint, modern appliances, and updated finishes--making this a true plug-and-play investment. Situated on a nearly 11,000 sq ft lot--one of the largest among neighboring 4-plexes-- this property offers gigantic long-term potential, whether held for cash flow, repositioned for higher rents, or leveraged for future redevelopment. Rare scale, premier exposure, and turnkey condition in the heart of Tempe make this an extraordinary multifamily opportunity.
Listed By
Agency Name: Realty ONE Group
Agency Phone: 480-777-4500
Shown By
Agency Title: Arizona Best Real Estate
Agency Phone: 480-948-4711
Estimated Payment
$ 2,572.61 per month $2,069.78 Principal & Interest $231.58 Property Tax $271.25 Homeowner's Insurance
1145 W Southern Avenue | MLS# 6888728
This multi-family property located at 1145 W Southern Avenue, Tempe, AZ 85282 is currently listed for sale with an asking price of $930,000. W Southern Avenue is located within the Tempe Union High School District school district. Search Tempe real estate on www.arizonabest.com today.