725 East ENCANTO Drive Tempe, AZ 85281

$1,400,000
Reduced $150,000
7
Beds
7
Baths
0.17
Acres
2,605
SQFT
537
$/SQFT
$1,400,000
Reduced
$150,000
7
Beds
7
Baths
2,605   sf
$537 / sf
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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!

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!

  • Neighborhood
  • Type
  • Total Baths
  • County
    Maricopa
  • Area
    Tempe
  • Tax Amount
    $3,753
  • Status
    Active
  • Listing #
    6851447
  • Built
    1957
  • Lot Size
    0.17
  • Listed on site
    71 days
  • Listing Agent Phone
    480-869-6569
  • Builder Name
    Unknown

Listed by:
Berkshire Hathaway HomeServices Arizona Properties

mls source logo Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)
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Property details

Community Features

  • No HOA
  • Not Age Restricted

Exterior features

  • No Pool

Interior Features

  • Fire Place

Style

  • Ranch / One Story

Property History

DateDays AgoEventNew Price
May 23, 20251 mo agoPrice decreased150,000 (10%)$1,400,000
Apr 15, 20252 mos agoNew on market$1,550,000
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Photo of Joey De Venuto