111 E Bonita Way, Tempe, AZ 85281

$850,000
5
BD
3
BA

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List Price
$850,000
Days on Market
1
Status
ACTIVE
MLS#
7067136
City
Tempe
Bedrooms
5
Bathrooms
3
Subdivision
University Estates
Year Built
1951

Property Description

Premier ASU Investment Opportunity -- renovated main house + detached ADU in process! Rare 11,000+ sqft lot minutes from Arizona State University. Ideal as a high-demand student rental, owner-occupied investment, or long-term hold. Move-in-ready 4BD/2BA main house w/ fresh paint & new flooring. New detached 1BD/1BA guest house--private entrance, full kitchen, stacked laundry--currently in process. Upgraded primary bath also underway. Projected combined rents $4,850-$5,450/mo; plans, timeline & rent analysis available on request. No HOA, detached garage + 6 spaces. Renderings depict completed construction. Cash & renovation-friendly financing welcome.

Additional Information

Elementary School
Broadmor Elementary School
High School
Tempe High School
Middle School
Connolly Middle School
Community Features
No Pool
Construction
Slump Block, Painted
Cooling
Central Air
Electric
SRP
Heating
Electric
New Financing
VA Loan, Conventional, Cash
Parking Features
Detached Garage
Roofing
Composition
Subdivision
University Estates
Taxes
$1,683
Tax Year
2025
Tenant Pays
Water, Sewer, Electricity, Gas, Trash Collection, Landscaping
Units
1
Water
City Franchise
Zoning
Residential

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Amount of Loan
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of eXp Realty.

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