111 E Bonita Way, Tempe, AZ 85281

Tempe
Local realty services provided by:Success Property Brokers ERA Powered
111 E Bonita Way,Tempe, AZ 85281
$850,000
  • 5 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: brian j cunningham
Office: exp realty
MLS#:7067136
Source:ARMLS

Price summary

  • Price:$850,000

About this home

Premier ASU Investment Opportunity -- renovated main house + detached ADU in process! Rare 11,000+ sqft lot minutes from Arizona State University. Ideal as a high-demand student rental, owner-occupied investment, or long-term hold. Move-in-ready 4BD/2BA main house w/ fresh paint & new flooring. New detached 1BD/1BA guest house--private entrance, full kitchen, stacked laundry--currently in process. Upgraded primary bath also underway. Projected combined rents $4,850-$5,450/mo; plans, timeline & rent analysis available on request. No HOA, detached garage + 6 spaces. Renderings depict completed construction. Cash & renovation-friendly financing welcome.

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Home facts

  • Year built:1951
  • Subdivision & Development:UNIVERSITY ESTATES
  • Listing ID #:7067136
  • Updated:August 22, 2026 at 03:37 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Flooring:Carpet, Vinyl

Heating and cooling

  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Year built:1951
  • Construction Materials:Painted, Slump Block

Schools

  • High school:Tempe High School
  • Middle school:Connolly Middle School
  • Elementary school:Broadmor Elementary School

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$850,000
  • Tax amount:$1,683 (2025)

Parking

  • Total parking spaces:1
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. ARMLS Member Broker: Byron Short

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