827 S HACIENDA Drive, Tempe, AZ 85281, Tempe, 85281 - 2 bed, 2 bath
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Tempe, AZ 85281
This property presents a High-Potential Investment Opportunity with a List Price of $229,000—positioned well below the $222,100 Fair Market Value by -3%. While the property requires modernization, the newer A/C system mitigates immediate capital expenditure. With a Condition Rating of 5, this asset is primed for value-add renovations to capitalize on the high rental demand near ASU. This is a strategic acquisition ideal for Buy-and-Hold Investors or Fix-and-Flip Investors seeking a high-yield project in a prime Tempe location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 827 S HACIENDA Drive Subject | $229,000* List Price | 2 | 2 | 1,037 | $214 | - |
A 924 S HACIENDA Drive C Sold | $272,450 | 3 | 2 | 1,144 | $238 | 0.1 mi |
B 1823 E Kirkland Lane A Active | $185,000 List Price | 2 | 1 | 910 | $203 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1980 (44 years old) with no evidence of major renovations. The interior shows original dark wood cabinetry, popcorn ceilings, and dated carpeting. While the A/C is noted as newer, the listing explicitly states the home is ready for 'vision and updates' and is priced for a rehab project, meeting the criteria for a property over 30 years old needing significant modernization.
Situated in the heart of Tempe near ASU and Tempe Marketplace, this property offers exceptional convenience and high rental demand for investors.
The inclusion of a newer A/C system provides significant value and peace of mind, reducing immediate capital expenditure for a critical home component.
Priced competitively to sell, this townhouse presents a strong opportunity for a fix-and-flip or a high-yield rental property in a sought-after area.
The property requires cosmetic updates and personalization, which will necessitate additional upfront investment and time from the buyer.
The local elementary school has a lower rating, which may be a consideration for families prioritizing top-tier educational districts.
Fantastic opportunity in the heart of Tempe! Want a rental near ASU, or a home to personalize, this property offers incredible potential. Featuring a newer A/C system, this home is ready for your vision and updates and is priced to sell accordingly. Located just minutes from Arizona State University, Tempe Marketplace, major freeways, shopping, dining, and Sky Harbor Airport, you'll love the convenience and strong rental demand this area offers. Don't miss this chance.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,037 | - |
| Lot Size | 101 | - |
| Price | $229.0K | $315.5K |
| Price per sq ft | $221 | $270 |
| Built year | 1980 | 0 |
| HOA | $310 | $0 |
| Days on market | 6 | 2203 |
Jul 16, 2026
$229,000
Initial Listing