2122 E MARGARITA Drive, Tempe, AZ 85281

New Listing
$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: 4/10/2026

Overview

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.

Open Houses

  • Tomorrow, 11:00 am - 2:00 pm
  • Sunday, April 12, 1:00 pm - 4:00 pm

Listing Details MLS# 7000073

Location, Tax & Legal

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
Assessor's Map #
1
Legal Description (Abbrev)
LOT 156 TORRE MOLINOS MCR 016114
Assessor's Parcel #
160
Tax Municipality
Tempe
Taxes
1286

Contract Information

Type
Exclusive Right To Sell
Ownership
Fee Simple
Co-Ownership (Fractional) Agreement YN
No

General Property Description

Dwelling Type
Townhouse
Dwelling Styles
Attached
Exterior Stories
2
# of Interior Levels
2
# Bedrooms
2
Full Bathrooms
Yes
Half Bathrooms
Yes
Total Bathrooms
2
Approx SQFT
1248
Price/SqFt
274.84
Horses
N
Builder Name
UNK
Year Built
1974
Lead Based Hazard Disclosure
Yes
Approx Lot SqFt
2561
Approx Lot Acres
0.059
Community Pool Y/N
Yes
Private Pool Y/N
No
Fireplace YN
No
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

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.

Legal Info

Township
1N
Range
4E
Section
24
Lot Number
156

Basement

Basement Y/N
N

More Information

Items Updated

Ht/Cool Partial/Full
Full

Parking Spaces

Garage Spaces
2
Slab Parking Spaces
2
Total Covered Spaces
2

Showing Notification Methods

Showing Service
Aligned Showings

Special Listing Cond

N/A
Yes

Construction

Wood Frame
Yes

Const - Finish

Stucco
Yes

Roofing

Tile
Yes

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

Lockbox Type

Other
Yes

Building Style

String
Yes

Master Bathroom

Full Bth Master Bdrm
Yes

Master Bedroom

Upstairs
Yes

Additional Bedroom

Master Bedroom Walk-in Closet
Yes
Other Bedroom Walk-in Closet
Yes

Flooring

Carpet
Yes
Tile
Yes

Community Features

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

Dining Area

Eat-in Kitchen
Yes
Breakfast Nook
Yes

Heating

Electric
Yes

Kitchen Features

Dishwasher
Yes
Disposal
Yes
Pantry
Yes
Refrigerator
Yes
Granite Counters
Yes

Cooling

Central Air
Yes

Laundry

Washer Included
Yes
Dryer Included
Yes
Stacked Washer/Dryer
Yes

Separate Den/Office

Sep Den/Office Y/N
N

Fencing

Block
Yes

Water Source

City Water
Yes

Community Pool Features

Heated
Yes
Outdoor
Yes

Exterior Features

Balcony
Yes
Storage
Yes
Private Street(s)
Yes
Pvt Yrd(s)/Crtyrd(s)
Yes

Spa

None
Yes

Sewer

Sewer - Public
Yes

Parking Features

Detached
Yes
Garage Door Opener
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes

Plumbing

Electric Hot Wtr Htr
Yes

Utilities

SRP
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Property Description

North/South Exposure
Yes

Landscaping

Grass Front
Yes
Synthetic Grass Back
Yes

Services

City Services
Yes

Unit Style

Two Levels
Yes
Two Common Walls
Yes

Disclosures

Seller Discl Avail
Yes

Possession

Close of Escrow
Yes

Association Fee Incl

Exterior Mnt of Unit
Yes
Roof Repair
Yes
Common Area Maint
Yes

Assoc Rules/Info

Prof Managed
Yes

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
IDX
Last Updated: April - 10 - 2026
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