920 S Kenwood Cir Tempe, AZ 85281
Apache NeighborhoodEstimated payment $3,128/month
Total Views
101
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating Available
About This Home
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. Both units feature tile flooring throughout and include each washer/dryer. Unit A has been occupied since 2020, while the tenants in Unit B have been in place since acquisition.
Location Benefits:
Situated on a quiet cul-de-sac that backs up to a park, 920 S Kenwood Circle is ideally positioned near Arizona State University, the Tempe Streetcar and light rail system, the Loop 101 and 202 freeways, and Phoenix Sky Harbor International Airport. This location attracts steady rental demand from students, professionals, and long-term tenants alike.
Whether you're seeking a stable, low-maintenance investment or a value-add opportunity in one of the Valley's most dynamic rental submarkets, 920 S Kenwood delivers strong fundamentals with additional upside.
All facts and figures are approximate, buyer to verify the MLS.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $969
Year Built
- Built in 1962
Lot Details
- Property fronts an alley
Home Design
- Brick Exterior Construction
- Built-Up Roof
- Foam Roof
- Block Exterior
Flooring
- Carpet
- Ceramic Tile
Parking
- 4 Parking Spaces
- Carport
- On-Street Parking
- Assigned Parking
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tax Lot 9
- Assessor Parcel Number 132-64-028
Community Details
Overview
- 2 Units
- Building Dimensions are 6,534
- Malaran Park 2 Subdivision
Building Details
- Operating Expense $3,315
- Gross Income $28,165
- Net Operating Income $25,425
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $969 | $8,654 | -- | -- |
| 2024 | $958 | $8,242 | -- | -- |
| 2023 | $958 | $36,460 | $7,290 | $29,170 |
| 2022 | $919 | $24,470 | $4,890 | $19,580 |
| 2021 | $925 | $20,750 | $4,150 | $16,600 |
| 2020 | $897 | $18,460 | $3,690 | $14,770 |
| 2019 | $880 | $15,920 | $3,180 | $12,740 |
| 2018 | $858 | $13,750 | $2,750 | $11,000 |
| 2017 | $833 | $12,280 | $2,450 | $9,830 |
| 2016 | $827 | $10,870 | $2,170 | $8,700 |
| 2015 | $794 | $9,220 | $1,840 | $7,380 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | For Sale | $550,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Trustee Deed | $111,300 | None Available | |
| Warranty Deed | -- | Tsa Title Agency | |
| Warranty Deed | $70,000 | Lawyers Title Of Arizona Inc | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $322,000 | Credit Line Revolving | |
| Previous Owner | $174,000 | Purchase Money Mortgage | |
| Previous Owner | $80,750 | New Conventional | |
| Previous Owner | $15,000 | Credit Line Revolving | |
| Previous Owner | $69,734 | FHA |
Source: Public Records
Similar Home in Tempe, AZ
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6894124
APN: 132-64-028
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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