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The Kafora Group

sales@thekaforagroup.com +1(602) 345-1771

$ 499,999

Est. payment -/mo

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Price Dropped by $5K

401 S ROBERT Road Tempe, AZ 85281

5 Beds

2 Baths

1,524 SqFt

OPEN HOUSE

Fri Nov 29, 12:00pm - 2:00pm

UPDATED:

11/28/2024 09:18 PM

Key Details

Property Type Single Family Home

Sub Type Single Family - Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,524 sqft

Price per Sqft $328

Subdivision Willacker Homes

MLS Listing ID 6748518

Bedrooms 5

HOA Y/N No

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1951

Annual Tax Amount $1,593

Tax Year 2023

Lot Size 6,817 Sqft

Acres 0.16

Property Description

Unlock Your House-Hacking Potential in the Heart of Tempe! This expansive 5-bedroom, 2-bathroom home offers a rare combination of space, style, and income-generating possibilities, perfect for investors or savvy homebuyers. Live in one room and Airbnb the rest, rent out individual rooms, or make it your full-time residence while letting the property pay for itself. Projected to generate an impressive annual revenue of $69,007, this home boasts a 10.4% Cap Rate, 13.7% Gross Yield, and a 15.4% Cash-on-Cash Return. Thoughtfully updated, the home features a bright, airy kitchen with sage-colored cabinets and skylights, alongside energy-efficient double-pane windows and durable block walls for added insulation. With prime proximity to Tempe's top amenities and solid Airbnb performance in the area, this property is poised for consistent returns. Don't miss this unique opportunity to own a spacious, stylish home with significant investment upside! Maximize rental space with 5 rooms or swap one room for an oversized primary suite.
! Properties that offer this perfect blend of aesthetic appeal and an unbeatable environment near ASU, Mill Ave, and the 10, 60 ,202 freeways are truly one-of-a-kinddon't miss the chance to make it yours

Location

State AZ

County Maricopa

Community Willacker Homes

Rooms

Den/Bedroom Plus 5

Separate Den/Office N

Interior

Interior Features Eat-in Kitchen, No Interior Steps

Heating Electric

Cooling Refrigeration

Flooring Laminate

Fireplaces Number No Fireplace

Fireplaces Type None

Fireplace No

SPA None

Exterior

Exterior Feature Patio

Fence Wood

Pool None

Amenities Available None

Roof Type Composition

Private Pool No

Building

Lot Description Gravel/Stone Front, Gravel/Stone Back

Story 1

Builder Name unknown

Sewer Public Sewer

Water City Water

Structure Type Patio

New Construction No

Schools

Elementary Schools Scales Technology Academy

Middle Schools Geneva Epps Mosley Middle School

High Schools Tempe High School

School District Tempe Union High School District

Others

HOA Fee Include No Fees

Senior Community No

Tax ID 124-29-037

Ownership Fee Simple

Acceptable Financing Conventional, FHA, VA Loan

Horse Property N

Listing Terms Conventional, FHA, VA Loan

Listed by Coldwell Banker Realty

The Kafora Group

+1(602) 345-1771

The Kafora Group

401 S ROBERT Road Tempe, AZ 85281

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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401 S ROBERT Road