920 S KENWOOD CIRCLE
Tempe AZ 85281

$550,000
Price

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homeListing Details:

Listing ID: 6894124
Updated: 7/17/2025 7:33pm

Status Active/For Sale
Days On Market 1
Taxes $969.00
HOA $0.00/********
Type N/A
Year Built 1962
Lot Size 0.00
County Maricopa
Listed By Grace CRE

descriptionDescription:

This well-maintained property features two spacious 2-bedroom, 1-bathroom units—each approximately 672 square feet—with huge pie shaped private backyards, with each having carport parking, and long-term tenancy in place. Investment Highlights: Both units are currently rented below market rates, offering significant upside potential. Unit A is leased at $1,305 per month through January 2026, while Unit B is on a month-to-month lease at $1,090. The average rent across both units is $1,197/month, with comparable market rents in the area suggesting potential increases with minor improvements or upon turnover. A major value-add feature of this property is the rare utility structure—tenants pay all utilities, including water, sewer, trash, and electricity, minimizing owner operating expense

mapProperty Location:

Listed By: Grace CRE | Sophia J Willets 480-375-0227 | Garrett Pedicini 602-791-9497

Source: ARMLS
All information should be verified by the recipient, and none is guaranteed as accurate by ARMLS.



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