421 S Terry Lane, Tempe, AZ 85281

$769,999
  • 421 S Terry Lane, Tempe, AZ 85281 Main Photo

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New to the Market Active
BEDS0 BATHS MLS#7057410
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONMERCADO HOMES SCHOOLTempe Union High School District

Property Description

Attention aspiring SHORT TERM RENTAL owners!! This is an amazing opportunity to turn a profit and own an investment property. Numbers for only ONE side of the duplex provide a $39K revenue. To help ease the new owners worries there are new roofs on both sides, new AC unit on one side, new water heater on one side, both units come with W/D, refrigerators and blinds. This Is a prime Tempe investment opportunity! This beautifully updated duplex is located in one of the Valleys strongest rental markets, just minutes from Arizona State University, Sky Harbor International Airport, Downtown Tempe, Tempe Town Lake, and major employment hubs. With easy access to Loop 202, SR-143, and I-10, this is an ideal location for attracting long and short-term tenants. Each unit offers a modern, open-concept layout with designer finishes, granite countertops, stainless steel appliances, wood-look tile flooring, spacious bedrooms, private patios, and low-maintenance outdoor space. All features that help attract and retain quality tenants. The property has demonstrated strong rental demand and offers an excellent opportunity for investors seeking immediate income with long-term appreciation potential.Whether youre looking to expand your portfolio, complete a 1031 exchange, or live in one unit while generating rental income from the other, this property checks all the boxes. Opportunities to own a well-maintained duplex in this highly sought-after Tempe location are few and far between.Dont miss your chance to own an income-producing asset in one of Arizonas most consistently desirable rental markets.

421 S Terry Lane | MLS# 7057410

This multi-family property located at 421 S Terry Lane, Tempe, AZ 85281 is currently listed for sale with an asking price of $769,999. S Terry Lane is located within the Tempe Union High School District school district. Search Tempe real estate on www.arizonabest.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Electric
Roof Type: Tile, Built-Up
Taxes: $1,729
Year Built: 1985

Feature Descriptions

Community Features: No Pool
Exterior: Wood Frame, Painted, Stucco
Flooring: Ceramic Tile
Parking: Paved, >1 Space Per Unit, Assigned
Water: City Franchise

Local Schools

High School: Tempe High School
Middle School: Geneva Epps Mosley Middle School
Elementary School: Scales Technology Academy
School District: Tempe Union High School District

Listed By / Shown By

Listed By

Agency Name: Realty ONE Group
Agency Phone: 480-321-8100

Shown By

Agency Title: Arizona Best Real Estate
Agency Phone: 480-948-4711

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Estimated Payment

$ 2,082.35 per month $1,713.69 Principal & Interest $144.08 Property Tax $224.58 Homeowner's Insurance

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