- 7 Beds
- 7 Baths
- 2,605 Sqft
- .17 Acres
725 E Encanto Drive
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!
Essential Information
- MLS® #6851447
- Price$1,550,000
- Bedrooms7
- Bathrooms7.00
- Square Footage2,605
- Acres0.17
- Year Built1957
- TypeResidential
- Sub-TypeSingle Family Residence
- StyleRanch
- StatusActive
Community Information
- Address725 E Encanto Drive
- SubdivisionUNIVERSITY HEIGHTS
- CityTempe
- CountyMaricopa
- StateAZ
- Zip Code85281
Amenities
- UtilitiesAPS,SW Gas3
- PoolNone
Interior
- HeatingElectric
- CoolingCentral Air
- FireplaceYes
- Fireplaces1 Fireplace
- # of Stories1
Interior Features
No Interior Steps, Vaulted Ceiling(s), Pantry, Full Bth Master Bdrm, High Speed Internet
Exterior
- RoofComposition
- ConstructionPainted, Block
School Information
- ElementaryBroadmor Elementary School
- HighTempe High School
District
Tempe Union High School District
Middle
McKemy Academy of International Studies
Listing Details
Office
Berkshire Hathaway HomeServices Arizona Properties
Berkshire Hathaway HomeServices Arizona Properties.
Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Launch Real Estate LLC. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on May 9th, 2025 at 7:01am MST.