2016 S Hammond Drive Unit 104, Tempe, AZ, 85282

About this residence

Positioned in one of Tempe's most desirable corridors near Arizona State University, this turnkey 4-bedroom, 3.5-bathroom home offers exceptional cash flow and versatility. The well-maintained, 3-level interior features modern finishes, durable flooring, and a rare finished basement complete with its own bedroom, full bathroom, laundry, and secondary living space--ideal for multi-generational living or roommate quarters. Outside amenities include a garage, carport, additional parking, and a private enclosed patio yard. Currently tenant-occupied at approximately $2,900 per month, this move-in ready property serves as an immediate, low-cap-ex investment or a centrally located primary residence. The smart floor plan centers around a bright main-level living area and kitchen, complemented by private upstairs bedroom suites and reliable HVAC systems throughout, making the basement retreat equally functional as a dedicated home office. Location highlights include unbeatable access to campus via walking, biking, or the free Orbit shuttle, while placing residents just minutes from Mill Avenue dining, Tempe Town Lake, and major freeways. With strong appreciation potential, it remains an equally attractive long-term opportunity for owner-occupants or parents seeking prime, comfortable housing for ASU students.

Building & HOA

Building

Park Place on Broadway Amd

Year built

2000

HOA dues

$200 / mo

Property type

Single Family Residence

MLS #

7064949

Status

Active

Location

2016 S Hammond Drive Unit 104