2122 E MARGARITA Drive, Tempe, AZ 85281, Tempe, 85281 - 2 bed, 2 bath
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Tempe, AZ 85281
This Turnkey Short-Term Rental Townhouse is listed at $343,000, positioned near its $329,515 Fair Market Value. Boasting a Condition Rating of 3, this move-in ready residence features Granite Countertops, Wood-Look Flooring, a Private 2-Car Garage, and a Private Patio. The home is offered fully furnished, providing a seamless lifestyle transition in the high-demand 85281 zip code near ASU. Located within the McClintock High School boundaries, the property balances daily comfort with exceptional convenience. It is a perfect fit for first-time buyers or Owner-Occupants seeking a polished, stress-free home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2122 E MARGARITA Drive Subject | $343,000* List Price | 2 | 2 | 1,248 | $264 | - |
A 816 S MELODY Lane Sold | $285,000 | 3 | 2 | 1,264 | $225 | 1.0 mi |
B 1886 E DON CARLOS Avenue 106 Sold | $390,000 | 2 | 3 | 1,462 | $267 | 0.8 mi |
C 1886 E DON CARLOS Avenue 106 Sold | $390,000 | 2 | 3 | 1,462 | $267 | 0.8 mi |
D 2151 E SANOS Drive Active Under Contract | $400,000 List Price | 3 | 2 | 1,560 | $256 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and currently operating as a turnkey short-term rental. While originally built in 1974, it has been updated with granite countertops in the kitchen and bathrooms, modern grey interior paint, and wood-look flooring. Although some features like the electric coil stove and certain light fixtures are dated, the home is well-maintained with no immediate renovations required for occupancy.
The property is sold fully furnished and decorated with a proven short-term rental track record, allowing for immediate cash flow and a seamless transition for investors.
Situated in the high-demand 85281 zip code, the property benefits from proximity to ASU and local amenities, ensuring consistent occupancy and long-term desirability.
The inclusion of a 2-car garage is a significant value-add for a townhouse, providing secure parking and additional storage that is highly attractive to both guests and residents.
Built in 1974, the property may require more frequent maintenance or future capital expenditures for older mechanical systems and structural components.
The $350 monthly association fee adds a fixed carrying cost that potential investors must carefully factor into their net operating income and ROI calculations.
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.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,248 | 1,248 | 50% |
| Lot Size | 2,561 | 1,879 | 77% |
| Price | $343.0K | $243.0K | 77% |
| Price per sq ft | $275 | $225 | 85% |
| Built year | 1974 | 1985 | 15% |
| HOA | $350 | $189 | 92% |
| Days on market | 35 | 2730 | 8% |
Mar 18, 2026
$343,000
Initial Listing