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401 S Robert Road

Tempe, AZ 85281

Name: Open House: 12pm-2pm
Start: 2024-11-15T12:00:00
End: 2024-11-15T14:00:00
Location: 401 S Robert Road

5 beds
2 baths
1,524 sqft
6,817 sqft lot
$328 per sqft
1951 build
– on site

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! ! 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

Listing courtesy of ARMLS / Coldwell Banker Realty

Last checked: Checking… • Last updated Nov 15, 2024 •

MLS# 6748518 —

Upcoming Open Houses

Friday, 11/15
12pm-2pm

View more open houses in Tempe, AZ

The Building

Year Built:

1951
Builder Name:

unknown
New Construction:

No
Construction Materials:

Brick Veneer, Painted, Block
Roof:

Composition
Basement:

false
Basement:

No
Direction Faces:

None
Exterior Features:

Patio
Patio And Porch Features:

None

Interior

Interior Features:

Eat-in Kitchen, No Interior Steps
Furnished:

None
Flooring:

Laminate
Laminate Flooring:

true
Fireplace:

false
Fireplaces Total:

None
Fireplace Features:

None

Room Dimensions

Living Area:

1524.0
Living Area Source:

County Assessor
Living Area Units:

None

Location

Cross Street:

Priest and University

The Property

Property Type:

Residential
Property Subtype:

Single Family - Detached
Lot Features:

Gravel/Stone Front, Gravel/Stone Back
Lot Size Area:

6817.0
Lot Size Acres:

0.16
Lot Size SqFt:

6817.0
Lot Size Dimensions:

None
Lot Size Units:

Square Feet
Lot Size Source:

Assessor
Parcel Number:

124-29-037
Fencing:

Wood
Horse:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

18
Tax Map Number:

29.00
Tax Book Number:

124.00
Tax Annual Amount:

1593.0
Tax Legal Description:

LOT 18 WILLACKER HOMES MCR 004918

Beds

Bedrooms Total:

5

Baths

Total Baths:

2.0
Total Baths:

2
Full Baths:

None
Half Baths:

None
Partial Baths:

None
Three Quarter Baths:

None
Quarter Baths:

None

The Listing

Virtual Tour URL Branded:

None

Heating & Cooling

Heating:

Electric
Heating:

No
Cooling:

No
Cooling:

Refrigeration

Utilities

Sewer:

Public Sewer
Water Source:

City Water

Appliances

Appliances:

None

Schools

Elementary School:

Scales Technology Academy
Elementary School District:

Tempe Elementary School District
Middle Or Junior School:

Geneva Epps Mosley Middle School
High School:

Tempe High School
High School District:

Tempe Union High School District

The Community

Subdivision Name:

WILLACKER HOMES
Senior Community:

No
Pool Private:

false
Pool Features:

None
Spa Features:

None
Pets Allowed:

None
Association:

false
Association Amenities:

None
Association Fee Includes:

No Fees

Parking

Garage:

No
Attached Garage:

No
Parking Total:

None
Open Parking Spaces:

2.0

Monthly cost estimate

Asking price

$499,999

Expense	Monthly cost
Mortgage	$2,677
Taxes	$132
Insurance	$137
Utilities	$123 See report
Total	$3,069/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
11/14/24 Nov 14, 2024	Price Changed	ARMLS	$499,999	-1.0%
11/8/24 Nov 8, 2024	Price Changed	ARMLS	$505,000	-1.9%
10/9/24 Oct 9, 2024	Price Changed	ARMLS	$515,000	-1.7%

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This house located in Downtown Tempe - Rio Salado, Tempe, AZ 85281 is currently for sale for $499,999. 401 S Robert Road is a 1,524 square foot house with 5 beds and 2 baths that has been on Estately for 77 days. 401 S Robert Road is in the Downtown Tempe - Rio Salado neighborhood of Tempe and has a WalkScore® of 68, making it somewhat walkable.

Listing Courtesy of: ARMLS and Coldwell Banker Realty.

This ARMLS logo indicates a property listed by a real estate brokerage other than Estately, Inc. © 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Estately assumes no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This property listing is offered without respect to any protected classes in accordance with the law.

401 S Robert Road

Tempe, AZ 85281