725 E ENCANTO Drive, Tempe, AZ 85281

$1,400,000

Property Type: Residential Bedrooms: 7 Baths: 7 Square Footage: 2,605 Lot Size (sq. ft.): 7,261 Status: Active

Current Price: $1,400,000 List Date: 4/15/2025 Last Modified: 12/06/2025

Description

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!

More Information MLS# 6851447

Contract Information

Type: Exclusive Right To Sell Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No List Price: $1,400,000 Status: Active Current Price: $1,400,000 List Date: 2025-04-14

Location, Tax & Legal

Assessor's Map #: 12 Legal Description (Abbrev): LOT 70 UNIVERSITY HEIGHTS MCR 005719 Assessor's Parcel #: 70 Tax Municipality: Tempe Taxes: 3753 House Number: 725 Compass: E Street Name: ENCANTO St Suffix: Drive City/Town Code: Tempe State/Province: AZ Zip Code: 85281 Zip4: 6816 County Code: Maricopa Assessor Number: 133-12-070 Subdivision: UNIVERSITY HEIGHTS Tax Year: 2024

General Property Description

Dwelling Styles: Attached # of Interior Levels: 1 Full Bathrooms: 7 Half Bathrooms: 0 Approx SQFT: 2605 Price/SqFt: 537.43 Approx Lot SqFt: 7261 Approx Lot Acres: 0.167 Horses: N Builder Name: Unknown Lead Based Hazard Disclosure: Yes Elementary School District: Tempe School District High School District: Tempe Union High School District Elementary School: Broadmor Elementary School Jr. High School: McKemy Academy of International Studies High School: Tempe High School Community Pool Y/N: No Private Pool Y/N: No Fireplace YN: Yes Fireplaces Total: 1 Dwelling Type: Single Family Residence Exterior Stories: 1 # Bedrooms: 7 Total Bathrooms: 7 Year Built: 1957

Legal Info

Range: 4E Section: 22 Township: 1N Lot Number: 70

Special Listing Cond

N/A: 1

Construction

Block: 1

Const - Finish

Painted: 1

Roofing

Composition: 1

Association & Fees

HOA Y/N: N PAD Fee Y/N: N Land Lease Fee Y/N: N Ttl Mthly Fee Equiv: 0

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

See Private Remarks: 1 None: 1

Architecture

Ranch: 1

Master Bathroom

Full Bth Master Bdrm: 1

Additional Bedroom

Separate Bedroom Exit: 1

Add'l Property Use

None: 1

Flooring

Tile: 1

Dining Area

Formal: 1

Heating

Electric: 1

Kitchen Features

Dishwasher: 1 Gas Oven: 1 Gas Range: 1 Pantry: 1 Refrigerator: 1

Cooling

Central Air: 1

Interior Features

Vaulted Ceiling(s): 1 No Interior Steps: 1

Laundry

Washer Included: 1 Dryer Included: 1

Basement

Basement Y/N: N

Separate Den/Office

Sep Den/Office Y/N: N

Technology

Cable TV Avail: 1 High Speed Internet: 1

Fencing

Block: 1

Water Source

City Water: 1

Exterior Features

Patio: 1

Spa

None: 1

Sewer

Sewer - Public: 1

Parking Spaces

Slab Parking Spaces: 0 Total Covered Spaces: 0

New Financing

Cash: 1 VA: 1 Conventional: 1 FHA: 1

Plumbing

Tankless Ht Wtr Heat: 1

Utilities

APS: 1 SW Gas: 1

Existing 1st Loan

FHA: 1

Landscaping

None: 1

Items Updated

Floor Yr Updated: 2024 Floor Partial/Full: Full Wiring Yr Updated: 2024 Wiring Partial/Full: Full Plmbg Yr Updated: 2024 Plmbg Partial/Full: Full Ht/Cool Yr Updated: 2024 Ht/Cool Partial/Full: Full Roof Yr Updated: 2022 Roof Partial/Full: Full Kitchen Yr Updated: 2024 Kitchen Partial/Full: Full Bath(s) Yr Updated: 2024 Bath(s) Partial/Full: Full Rm Adtn Yr Updated: 2024 Rm Adtn Partial/Full: Full

Unit Style

All on One Level: 1

Disclosures

Seller Discl Avail: 1

Possession

Close of Escrow: 1

Association Fee Incl

No Fees: 1

Assoc Rules/Info

None: 1

Remarks Misc

Cross Street: Rural Rd/E Encanto Dr Directions: 1. Turn right off Rural Rd onto E. Encanto Dr. 2. Turn off E. Broadway onto S Ventura Dr, then right onto E Encanto Dr. Geo Lat: 33.409537 Geo Lon: -111.927159

Property Features

Special Listing Cond: N/A Add'l Property Use: None Architecture: Ranch Master Bathroom: Full Bth Master Bdrm Additional Bedroom: Separate Bedroom Exit Flooring: Tile Spa: None Dining Area: Formal Kitchen Features: Gas Oven; Gas Range; Dishwasher; Refrigerator; Pantry Laundry: Washer Included; Dryer Included Interior Features: Vaulted Ceiling(s); No Interior Steps Technology: Cable TV Avail; High Speed Internet Exterior Features: Patio Construction: Block Const - Finish: Painted Roofing: Composition Cooling: Central Air Heating: Electric Plumbing: Tankless Ht Wtr Heat Utilities: APS; SW Gas Water Source: City Water Sewer: Sewer - Public Fencing: Block Landscaping: None Lockbox Type: See Private Remarks; None Possession: Close of Escrow Unit Style: All on One Level Association Fee Incl: No Fees Existing 1st Loan: FHA New Financing: Cash; VA; FHA; Conventional Disclosures: Seller Discl Avail

Listing Office: Berkshire Hathaway HomeServices Arizona Properties

Last Updated: December - 06 - 2025