607 15th St Tempe, AZ 85281

Listing details for 607 15th St, Tempe, AZ 85281 : Turnkey income from day one -- seller prepays 12 months rent ($36,000) at close of escrow, occupant will sign a 2-year lease, generating $2,185 monthly NOI & a 4.78% cash-on-cash return. Fully remodeled in 2021 ($75,000+), the 1,631 SF block-construction home features white shaker cabinetry, dark quartz countertops, hardwood flooring, matte black fixtures, & a 2-car garage - uncommon in this submarket. Open kitchen-to-family room layout with French doors to a covered patio & tree-lined yard. New Daikin 4-ton HVAC system (2024) with 12-year manufacturer warranty. New 50-gallon gas water heater. 7 blocks from ASU in one of Tempe's strongest rental corridors. No HOA. Photos include images taken at purchase reflecting remodel condition, current photos illustrate occupancy.