2122 E MARGARITA Drive, Tempe, AZ 85281 (MLS# 7000073)

2122 E MARGARITA Drive, Tempe, AZ 85281

$343,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,248 Lot Size (sq. ft.): 2,561 Status: Active

Current Price: $343,000 List Date: 4/10/2026 Last Modified: 4/13/2026

Description

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.

More Information MLS# 7000073

Contract Information

Type: Exclusive Right To Sell Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No List Price: $343,000 Status: Active Current Price: $343,000 List Date: 2026-03-18

Location, Tax & Legal

Assessor's Map #: 1 Legal Description (Abbrev): LOT 156 TORRE MOLINOS MCR 016114 Assessor's Parcel #: 160 Tax Municipality: Tempe Taxes: 1286 House Number: 2122 Compass: E Street Name: MARGARITA St Suffix: Drive City/Town Code: Tempe State/Province: AZ Zip Code: 85281 Zip4: 7422 County Code: Maricopa Assessor Number: 133-01-160 Subdivision: TORRE MOLINOS Tax Year: 2025

General Property Description

Dwelling Styles: Attached # of Interior Levels: 2 Full Bathrooms: 1 Half Bathrooms: 1 Approx SQFT: 1248 Price/SqFt: 274.84 Approx Lot SqFt: 2561 Approx Lot Acres: 0.059 Horses: N Builder Name: UNK Lead Based Hazard Disclosure: Yes Elementary School District: Tempe School District High School District: Tempe Union High School District Elementary School: Curry Elementary School Jr. High School: Connolly Middle School High School: McClintock High School Community Pool Y/N: Yes Private Pool Y/N: No Fireplace YN: No Dwelling Type: Townhouse Exterior Stories: 2 # Bedrooms: 2 Total Bathrooms: 2 Year Built: 1974

Legal Info

Range: 4E Section: 24 Township: 1N Lot Number: 156

Special Listing Cond

N/A: 1

Construction

Wood Frame: 1

Const - Finish

Stucco: 1

Roofing

Tile: 1

Pmt & Rate Info

Down Payment: 0 Total Asum Mnth Pmts: 0

Association & Fees

HOA Y/N: Y HOA Disclosure/Addendum Affirmation: Yes HOA Transfer Fee: 200 HOA Fee: 350 HOA Paid Frequency: Monthly HOA Name: LAS BRISAS HOA Telephone: 480-303-0251 Special Assessment HOA: No HOA 2 Y/N: N PAD Fee Y/N: N Cap Improvement/Impact Fee: 0 Cap Improvement/Impact Fee $/%: $ Cap Improvement/Impact Fee 2: 0 Prepaid Association Fees HOA: 0 Disclosure Fees HOA: 0 Other Fees HOA: 0 Land Lease Fee Y/N: N Rec Center Fee Y/N: N Rec Center Fee 2 Y/N: N Ttl Mthly Fee Equiv: 350

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

Other: 1

Building Style

String: 1

Master Bathroom

Full Bth Master Bdrm: 1

Master Bedroom

Upstairs: 1

Additional Bedroom

Master Bedroom Walk-in Closet: 1 Other Bedroom Walk-in Closet: 1

Flooring

Carpet: 1 Tile: 1

Community Features

Biking/Walking Path: 1 Clubhouse/Rec Room: 1 Near Bus Stop: 1 Near Light Rail Stop: 1

Dining Area

Eat-in Kitchen: 1 Breakfast Nook: 1

Heating

Electric: 1

Kitchen Features

Dishwasher: 1 Disposal: 1 Pantry: 1 Refrigerator: 1 Granite Counters: 1

Cooling

Central Air: 1

Laundry

Washer Included: 1 Dryer Included: 1 Stacked Washer/Dryer: 1

Basement

Basement Y/N: N

Separate Den/Office

Sep Den/Office Y/N: N

Fencing

Block: 1

Water Source

City Water: 1

Community Pool Features

Heated: 1 Outdoor: 1

Exterior Features

Balcony: 1 Storage: 1 Private Street(s): 1 Pvt Yrd(s)/Crtyrd(s): 1

Spa

None: 1

Sewer

Sewer - Public: 1

Parking Spaces

Slab Parking Spaces: 2 Total Covered Spaces: 2 Garage Spaces: 2

Parking Features

Detached: 1 Garage Door Opener: 1

New Financing

Cash: 1 VA: 1 Conventional: 1 FHA: 1

Plumbing

Electric Hot Wtr Htr: 1

Utilities

SRP: 1

Existing 1st Loan

Treat as Free&Clear: 1

Property Description

North/South Exposure: 1

Landscaping

Grass Front: 1 Synthetic Grass Back: 1

Services

City Services: 1

Items Updated

Ht/Cool Partial/Full: Full

Unit Style

Two Levels: 1 Two Common Walls: 1

Disclosures

Seller Discl Avail: 1

Possession

Close of Escrow: 1

Association Fee Incl

Exterior Mnt of Unit: 1 Roof Repair: 1 Common Area Maint: 1

Assoc Rules/Info

Prof Managed: 1

Remarks Misc

Cross Street: BROADWAY/PRICE Directions: West on Broadway to Shannon Dr. Right on Shannon Dr. Right on Torre Molinos Cir. Left on Margarita Dr. House is on the right. Geo Lat: 33.409263 Geo Lon: -111.896879

Property Features

Special Listing Cond: N/A Building Style: String Master Bathroom: Full Bth Master Bdrm Master Bedroom: Upstairs Additional Bedroom: Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet Flooring: Carpet; Tile Community Pool Features: Heated; Outdoor Spa: None Community Features: Biking/Walking Path; Clubhouse/Rec Room; Near Bus Stop; Near Light Rail Stop Dining Area: Eat-in Kitchen; Breakfast Nook Kitchen Features: Disposal; Dishwasher; Refrigerator; Pantry; Granite Counters Laundry: Washer Included; Dryer Included; Stacked Washer/Dryer Exterior Features: Balcony; Private Street(s); Pvt Yrd(s)/Crtyrd(s); Storage Parking Features: Detached; Garage Door Opener Construction: Wood Frame Const - Finish: Stucco Roofing: Tile Cooling: Central Air Heating: Electric Plumbing: Electric Hot Wtr Htr Utilities: SRP Water Source: City Water Sewer: Sewer - Public Services: City Services Fencing: Block Property Description: North/South Exposure Landscaping: Grass Front; Synthetic Grass Back Lockbox Type: Other Possession: Close of Escrow Unit Style: Two Levels; Two Common Walls Association Fee Incl: Exterior Mnt of Unit; Roof Repair; Common Area Maint Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional Disclosures: Seller Discl Avail

Listing Office: HomeSmart Realty

Last Updated: April - 13 - 2026