2122 E MARGARITA Drive, Tempe, AZ 85281

$329,900

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,248 Lot Size (sq. ft.): 2,561 Status: Active

Current Price: $329,900 List Date: 4/10/2026 Last Modified: 4/30/2026

Overview

Description

Exceptional opportunity to own a prime location, income-generating, short-term rental with a proven track record of success. This property is being offered completely turnkey - all furnishings, décor, and operational setup convey with the sale. Thoughtfully curated for both comfort and style, the home features inviting living spaces, a well-appointed kitchen and 2 car garage - all designed to maximize guest experience and occupancy. The property boasts consistent bookings, strong guest reviews and established revenue history - an ideal addition to any investment portfolio or for a first-time STR investor seeking immediate cash flow. Don't miss this rare opportunity to acquire a fully operational, income-producing vacation rental! Owner is a licensed AZ real estate agent.

Listing Details MLS# 7000073

Location, Tax & Legal

House Number: 2122
Compass: E
Street Name: MARGARITA
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 7422
Country: US
County Code: Maricopa
Assessor Number: 133-01-160
Subdivision: TORRE MOLINOS
Tax Year: 2025
Assessor's Map #: 1
Legal Description (Abbrev): LOT 156 TORRE MOLINOS MCR 016114
Assessor's Parcel #: 160
Tax Municipality: Tempe
Taxes: 1286

Contract Information

Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No

General Property Description

Dwelling Type: Townhouse
Dwelling Styles: Attached
Exterior Stories: 2
# of Interior Levels: 2
# Bedrooms: 2
Full Bathrooms: Yes
Half Bathrooms: Yes
Total Bathrooms: 2
Approx SQFT: 1248
Price/SqFt: 264.34
Horses: N
Builder Name: UNK
Year Built: 1974
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 2561
Approx Lot Acres: 0.059
Community Pool Y/N: Yes
Private Pool Y/N: No
Fireplace YN: No
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Curry Elementary School
Jr. High School: Connolly Middle School
High School: McClintock High School

Remarks Misc

Cross Street: BROADWAY/PRICE
Directions: West on Broadway to Shannon Dr. Right on Shannon Dr. Right on Torre Molinos Cir. Left on Margarita Dr. House is on the right.

Legal Info

Township: 1N
Range: 4E
Section: 24
Lot Number: 156

Basement

Basement Y/N: N

More Information

Items Updated

Ht/Cool Partial/Full: Full

Parking Spaces

Garage Spaces: 2
Slab Parking Spaces: 2
Total Covered Spaces: 2

Showing Notification Methods

Showing Service: Aligned Showings

Special Listing Cond

N/A: Yes

Construction

Wood Frame: Yes

Const - Finish

Stucco: Yes

Roofing

Tile: Yes

Pmt & Rate Info

Down Payment: 0
Total Asum Mnth Pmts: 0

Association & Fees

HOA Y/N: Y
HOA Disclosure/Addendum Affirmation: Yes
HOA Transfer Fee: 200
HOA Fee: 350
HOA Paid Frequency: Monthly
HOA Name: LAS BRISAS
HOA Telephone: 480-303-0251
Special Assessment HOA: No
HOA 2 Y/N: N
PAD Fee Y/N: N
Cap Improvement/Impact Fee: 0
Cap Improvement/Impact Fee $/%: $
Cap Improvement/Impact Fee 2: 0
Prepaid Association Fees HOA: 0
Disclosure Fees HOA: 0
Other Fees HOA: 0
Land Lease Fee Y/N: N
Rec Center Fee Y/N: N
Rec Center Fee 2 Y/N: N
Ttl Mthly Fee Equiv: 350

Lockbox Type

Other: Yes

Building Style

String: Yes

Master Bathroom

Full Bth Master Bdrm: Yes

Master Bedroom

Upstairs: Yes

Additional Bedroom

Master Bedroom Walk-in Closet: Yes
Other Bedroom Walk-in Closet: Yes

Flooring

Carpet: Yes
Tile: Yes

Community Features

Biking/Walking Path: Yes
Clubhouse/Rec Room: Yes
Near Bus Stop: Yes
Near Light Rail Stop: Yes

Dining Area

Eat-in Kitchen: Yes
Breakfast Nook: Yes

Heating

Electric: Yes

Kitchen Features

Dishwasher: Yes
Disposal: Yes
Pantry: Yes
Refrigerator: Yes
Granite Counters: Yes

Cooling

Central Air: Yes

Laundry

Washer Included: Yes
Dryer Included: Yes
Stacked Washer/Dryer: Yes

Separate Den/Office

Sep Den/Office Y/N: N

Fencing

Block: Yes

Water Source

City Water: Yes

Community Pool Features

Heated: Yes
Outdoor: Yes

Exterior Features

Balcony: Yes
Storage: Yes
Private Street(s): Yes
Pvt Yrd(s)/Crtyrd(s): Yes

Spa

None: Yes

Sewer

Sewer - Public: Yes

Parking Features

Detached: Yes
Garage Door Opener: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes

Plumbing

Electric Hot Wtr Htr: Yes

Utilities

SRP: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Property Description

North/South Exposure: Yes

Landscaping

Grass Front: Yes
Synthetic Grass Back: Yes

Services

City Services: Yes

Unit Style

Two Levels: Yes
Two Common Walls: Yes

Disclosures

Seller Discl Avail: Yes

Possession

Close of Escrow: Yes

Association Fee Incl

Exterior Mnt of Unit: Yes
Roof Repair: Yes
Common Area Maint: Yes

Assoc Rules/Info

Prof Managed: Yes

Property Features

Special Listing Cond: N/A Building Style: String Master Bathroom: Full Bth Master Bdrm Master Bedroom: Upstairs Additional Bedroom: Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet Flooring: Carpet; Tile Community Pool Features: Heated; Outdoor Spa: None Community Features: Biking/Walking Path; Clubhouse/Rec Room; Near Bus Stop; Near Light Rail Stop Dining Area: Eat-in Kitchen; Breakfast Nook Kitchen Features: Disposal; Dishwasher; Refrigerator; Pantry; Granite Counters Laundry: Washer Included; Dryer Included; Stacked Washer/Dryer Exterior Features: Balcony; Private Street(s); Pvt Yrd(s)/Crtyrd(s); Storage Parking Features: Detached; Garage Door Opener Construction: Wood Frame Const - Finish: Stucco Roofing: Tile Cooling: Central Air Heating: Electric Plumbing: Electric Hot Wtr Htr Utilities: SRP Water Source: City Water Sewer: Sewer - Public Services: City Services Fencing: Block Property Description: North/South Exposure Landscaping: Grass Front; Synthetic Grass Back Lockbox Type: Other Possession: Close of Escrow Unit Style: Two Levels; Two Common Walls Association Fee Incl: Exterior Mnt of Unit; Roof Repair; Common Area Maint Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional Disclosures: Seller Discl Avail

Listing Office: HomeSmart Realty

Last Updated: April - 30 - 2026