1411 S BONARDEN Lane, Tempe, AZ 85281

$700,000
Property Type: Multiple Dwellings Bedrooms: 4 Baths: 2 Status: Closed
Current Price: $700,000 Last Modified: 8/16/2025

Overview

Description

BOTH UNITS are occupied w/lease for 1 year w/Tenant paying for utilities. Great Investment Property in the heart of Tempe! Walking distance to ASU and quick 202 freeway access. TRUE DUPLEX!! Two 2 bed, 1 bath units, individually metered (gas & electric); completely and beautifully updated. New Sewer lines all the way to the street. New Plumbing, New AC, & New Tankless Water Heaters. All New Windows and Doors. Brand New Bathroom, New Kitchen with modern quartz countertops, white shaker cabinets, & SS Appliances. New porcelain tile and baseboards throughout. New washer/dryer combo inside the units. New synthetic stucco and fresh paint. Ample backyard with dividing fence for privacy. Low maintenance courtyard with separate driveway for each unit. NO HOA. Please DO NOT disturb tenants.

Listing Details MLS# 6702126

Location, Tax & Legal

House Number
1411
Compass
S
Street Name
BONARDEN
St Suffix
Lane
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
5801
Country
US
County Code
Maricopa
Subdivision
JEN TILLY TERRACE LOTS 13-18
Assessor Number
133-10-055-C
Tax Year
2023

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
84X85
Year Built
1959
Uncvrd Parking Spcs
4
Total # of Units
2
# of Buildings
Yes
Zoning
R-4
High School District
Tempe Union High School District

Remarks Misc

Cross Street
Rural Rd & Spence Ave
Directions
Turn East on Spence Ave to Bonarden Ln. Turn South on Bonarden Ln Property is on the left.

Status Change Info

Off Market Date
2025-08-16
Under Contract Date
2025-07-15
Close of Escrow Date
2025-08-15

Legal Info

Township
1N
Range
4E
Section
23
Lot Number
29

More Information

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1975
Avg SqFt
720
# Baths
Yes

Structure

Bedrooms Total
4
Bathrooms Total
2

Income Expenses

Gross Annual Sch Inc
44400
Net Operating Income
43151

Showing Notification Methods

Showing Service
No Showing Service Used

Sold Info

Loan Type
Other
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Project Type: Duplex Construction: Block Const - Finish: Painted; Stucco Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Features: See Remarks Exterior Amenities: Fenced; Patio/Balcony Interior Features: Fire/Smoke Alarm(s); Breakfast Bar Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Cooling: Ceiling Fan(s); Electric; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: SW Gas; Individual Meter Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: None Tenant Pays: Water; Electricity; Gas; Trash Collection Source of Fincl Data: Owner Special: Owner/Agent Lockbox Type: See Private Remarks; None Existing 1st Loan: Private Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: HomeSmart
Office Phone: 602-230-7600
Office Email: rlarue@hsmove.com
Last Updated: August - 16 - 2025
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