920 S Kenwood Circle, Tempe, AZ 85281

Sunrise at Kenwood | Duplex Investment Opportunity in a Prime Tempe Location 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 structuretenants pay all utilities, including water, sewer, trash, and electricity, minimizing owner operating expenses and maximizing NOI. Originally purchased in 2014, the property was fully remodeled and has been well maintained. … read more …