914 S KENWOOD Circle, Tempe, AZ 85281
$1,050,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,050,000
Last Modified:
10/01/2025
Description
A short bike ride from the Tempe ASU campus, 914 S Kenwood is a perfect Air BNB, mid term / executive rental, or just an easy long term rental property. This fully furnished 4 plex has been EXTENSIVELY renovated. EVERYTHING has been redone. The roof, AC units, underground plumbing, electrical, framing, drywall, all interior finishes, landscape, there isn't an inch of this property that hasn't been updated. All four units have 1 bedroom and 1 bathroom, as well as in unit laundry, quartz counters, modern cabinetry, dishwasher, all stainless steel appliances, wood plank style tile flooring, exterior storage closets for each unit, and are completely furnished and ready for guests. Tempe is in extremely high demand for both long & short term...
More Information MLS# 6917327
Contract Info
Ownership: Fee Simple
Current Price: $1,050,000
List Price: $1,050,000
Status: Active
List Date: 2025-09-09
Location, Tax & Legal
Assessor's Map #: 64
Legal Description (Abbrev): LOT 8 MALARAN PARK 2 MCR 009805
Assessor's Parcel #: 27
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319201
Taxes: 1597
Legal: LOT 8 MALARAN PARK 2 MCR 009805
Marketing Name: 914 S. Kenwood Circle
House Number: 914
Compass: S
Street Name: KENWOOD
St Suffix: Circle
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 4434
County Code: Maricopa
Subdivision: MALARAN PARK 2
Assessor Number: 132-64-027
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 7,797 SQFT
Total # of Units: 4
High School District: Tempe Union High School District
Year Built: 1962
Zoning: R-3
Legal Info
Range: 4E
Section: 24
Township: 1N
Lot Number: 8
Project Type
Four Plex: 1
Construction
Block: 1
Brick: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Built-Up: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 2400
Annual Ins Exp: 1400
Annual Wtr/Swr Exp: 2400
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 1200
Operating Exp: 8997
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 77520
Pmt & Rate Info
Cap Rate: 6.91
Equity: 1050000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Exterior Amenities
Green Landscaping: 1
Fenced: 1
Partially Fenced: 1
Separate Storage: 1
Interior Features
Furnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Access Type
Alley: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
On Street: 1
>1 Space Per Unit: 1
Add'l Parking Avail: 1
Assigned: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1550
Avg SqFt: 543
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: University Dr & Smith Rd
Geo Lat: 33.418615
Geo Lon: -111.901899
Income Expenses
Gross Annual Sch Inc: 81600
Net Operating Income: 72603
Property Features
Project Type: Four Plex
Construction: Block; Brick
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Green Landscaping; Fenced; Partially Fenced; Separate Storage
Interior Features: Furnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport; On Street; >1 Space Per Unit; Add'l Parking Avail; Assigned
Road Access Type: Alley
Owner Pays: Water; Electric; Trash Collection
Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV
Source of Fincl Data: Projected Proforma
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; Other (See Remarks)
Environmental: None
Listing Office: Grace CRE
Last Updated: October - 01 - 2025
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