912 E WEBER Drive

Tempe, AZ 85288

Investors DREAM property!! Location, Location, Location!! RARE R2 Zoning!! So, you can add a ADU per code for additional income if you want! Current tenants are renting the main house (west 3/4 of the of the home) and the adjacent studio apartment (east 1/4 of the home) for $2k/mo, which is slightly below the market rate. Current tenants' relative lives in the studio (which currently has no bathroom, so they use the main home bathroom) and that's why it is listed as a 4 bed/1 bath. LESS than a mile to Hwy 202 & Tempe Town Lake! A GREAT BUY & HOLD INVESTMENT to collect cashflow and to be in a HIGH GROWTH area! Highest and best use is to: add a bathroom to the east side studio (see captions on photos for info) and then rent the main house (est $1.8k/mo) and the studio separately (est $ 1k/mo) and/or build a separate rental property in the backyard, check with City for full info. Home was cosmetically remodeled in Jan 2021. Home is the first home on the North side of Weber Dr off Scottsdale Rd., directly next to the convenience store with the newer Best Western Hotel located directly behind the home. Tax records indicate the hotel recently sold for $20m in Nov 2023; and the tax value for the apartment complex to be around $100m; and the Del Taco across from this property sold for nearly $4m in 2022; etc. Drive by ONLY - do NOT disturb the tenants, thank you.