1886 E DON CARLOS Avenue 132, Tempe, AZ 85281, Tempe, 85281 - 3 bed, 3 bath
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Tempe, AZ 85281
This High-Potential Investment Opportunity is a Turnkey Townhouse listed at $440,000, positioned well below the $443,975 Fair Market Value by 0.9%. This valuation gap offers $3,975 in Instant Equity. Featuring a remodeled kitchen, private patios, and an Excellent Condition Rating, this fully furnished, active Airbnb provides immediate cash flow near ASU. Its prime location and turnkey status make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-demand rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1886 E DON CARLOS Avenue 132 Subject | $440,000* List Price | 3 | 3 | 1,462 | $304 | - |
A 901 S SMITH Road 1045 Sold | $535,000 | 3 | 3 | 1,805 | $296 | 0.3 mi |
B 1886 E DON CARLOS Avenue 113 Active | $399,900 List Price | 3 | 3 | 1,462 | $274 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2004, the property is described as a fully remodeled, turnkey unit. It features a modern kitchen with stainless appliances, updated flooring, and contemporary lighting. The mint condition and recent renovations align with the criteria for excellent condition.
The property is a fully furnished, active Airbnb with all decor and linens included, offering immediate cash flow and a seamless transition for investors.
Located minutes from ASU, Mill Avenue, and the Light Rail, the property sits in a high-demand area for both short-term guests and long-term tenants.
As a remodeled end-unit with 9-foot ceilings, skylights, and two private patios facing the pool, it offers superior natural light and a more private feel than interior units.
The listing requires the buyer to verify short-term rental rules with the HOA and City, indicating potential future restrictions on its current use as an Airbnb.
A single-car garage for a three-bedroom unit may be insufficient for multiple occupants or guests, potentially creating parking challenges.
Turnkey, fully furnished, and already earning as an active Airbnb minutes from ASU! This remodeled end-unit townhouse conveys completely furnished - furniture, decor, kitchenware and linens included - so income never skips a beat. Light, open floor plan with a remodeled kitchen, stainless appliances and breakfast bar. Upstairs primary suite offers a walk-in closet, double vanity, and separate shower and tub. Two private patios face the community pool, plus attached 1-car garage and in-unit laundry. Skylights, 9-ft ceilings and solar screens throughout. Near Light Rail, Mill Ave, Tempe Town Lake and Tempe Marketplace. Owner will stay on as property manager for a proven, turnkey rental with zero downtime. Buyer to verify STR rules with HOA and City of Tempe.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,462 | - |
| Lot Size | 1,983 | - |
| Price | $440.0K | $315.5K |
| Price per sq ft | $301 | $270 |
| Built year | 2004 | 0 |
| HOA | $185 | $0 |
| Days on market | 11 | 2203 |
Jul 11, 2026
$440,000
Initial Listing