850 S RIVER Drive 2046, Tempe, AZ 85281, Tempe, 85281 - 2 bed, 2 bath
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Tempe, AZ 85281
This Turnkey Dual-Suite Condominium is a Prime Investment Opportunity, listed at $309,900—positioned well below the $316,942 Fair Market Value by 2%. This valuation gap offers $7,042 in Instant Equity. Boasting a Mint Condition Rating, the interior features a New Quartz Kitchen, Stainless Steel Appliances, and New Flooring throughout. With two private balconies and access to Community Pools near ASU, this property balances lifestyle luxury with financial upside. It is perfectly suited for Owner-Occupants or Buy-and-Hold Investors seeking a move-in-ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 850 S RIVER Drive 2046 Subject | $309,900* List Price | 2 | 2 | 1,130 | $280 | - |
A 850 S RIVER Drive 1054 Pending | $299,900 List Price | 3 | 2 | 1,092 | $275 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1984, the unit has undergone a complete recent renovation (under 5 years) featuring a brand new kitchen with quartz countertops, new stainless steel appliances, new flooring throughout, and fresh paint, putting it in mint, move-in-ready condition.
The property features a brand-new kitchen with quartz countertops, stainless steel appliances, new flooring, and fresh paint throughout, offering a completely turnkey move-in experience.
The highly functional floor plan includes two sizable bedrooms, each equipped with its own walk-in closet, private full bathroom, and direct sliding door access to the balcony.
Residents benefit from two private covered patios, access to two community pools, and a relatively low monthly HOA fee of $244 in a prime Tempe location.
While the interior is newly renovated, the building was constructed in 1984, which may mean older common area facilities and underlying structural or mechanical systems.
The property is zoned for Thew Elementary School, which currently holds a lower rating of 3, potentially impacting its appeal to families with young children.
Brand new kitchen and appliances! New flooring throughout! Don't miss your chance to own a lovely 2-bed/2bath unit, offering a perfect blend of comfort, style, & functionality. Freshly painted interior features new flooring, ceiling fans & chandelier. Inviting living room with a cozy fireplace that flows seamlessly into the dining area, making entertaining a bliss. The kitchen comes with new stainless steel appliances, new quartz countertops, plenty of cabinet space, & a breakfast bar. Both sizable bedrooms have walk in closets and private sliding glass doors that open to the balcony, walk-in closets, & full private bathrooms with shower & tub combination. As a bonus, a washer & dryer are included. Enjoy relaxing one of 2 private covered patios, or enjoy one of two community pools!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 1.6 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 | 1,130 | 1,500.5 | 40% |
| Lot Size | 107 | 1,282.5 | 30% |
| Price | $309.9K | $0 | 90% |
| Price per sq ft | $274 | $0 | 70% |
| Built year | 1984 | 2004 | 40% |
| HOA | $244 | $373 | 30% |
| Days on market | 46 | 2696 | 10% |
Apr 21, 2026
$309,900
Initial Listing