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(602) 769-4725
Real Estate Company
2205 S Mill Avenue, Tempe, AZ 85282
- $1,899,000
- 11
- BD
- 8
- BA
- List Price
- $1,899,000
- Status
- ACTIVE
- Days on Market
- 7
- MLS#
- 7087067
- Subtype
- Multiple Dwellings
- Year Built
- 1959
- Bedrooms
- 11
- Bathrooms
- 8
- Subdivision
- Tempe Estates
Property Description
Marcus & Millichap has been retained as the exclusive listing agent for the sale of Courtyard on Mill, an eight-unit, fully renovated, gated multifamily community on Mill Avenue in Tempe, Arizona, one mile south of Arizona State University. Every unit was renovated and re-leased in 2026 on new 12-month terms, and 77.27% of scheduled rent is paid through HOM Inc. and Section 8 housing-assistance contracts. A buyer acquires a turnkey asset with durable income, no near-term rollover and no deferred capital plan -- at $237,375 per unit, below every renovated multifamily sale in the Tempe and South Scottsdale comparable set and below the unrenovated five-plex two blocks away.
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Additional Information
- Exterior Features
- Rain Gutters
- Taxes
- $5,732
- Zoning
- R-4
- Appliances
- Refrigerator, Microwave, W/D Hookup, Free-Standing Electric Oven
- Heating
- Electric
- Air Conditioning
- Electric
- Exterior Construction
- Block, Stucco
- Parking Features
- 1 Space/Unit, Detached Carport
- High School
- Tempe High School
Mortgage Calculator
Listing courtesy of Listing Agent: Kyle Ingram (480-244-3773) from Listing Office: Marcus & Millichap.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.