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914 S Kenwood Cir 4 Unit Apartment Building £747,282 (£186,820/Unit) 6.47% Net Initial Yield Tempe, AZ 85281

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EXECUTIVE SUMMARY

A short bike ride from the Tempe ASU campus, 914 S Kenwood is a perfect Air BNB, mid term / executive rental, or just an easy long term rental property. This fully furnished 4 plex has been EXTENSIVELY renovated. EVERYTHING has been redone. The roof, AC units, underground plumbing, electrical, framing, drywall, all interior finishes, landscape, there isn't an inch of this property that hasn't been updated. All four units have 1 bedroom and 1 bathroom, as well as in unit laundry, quartz counters, modern cabinetry, dishwasher, all stainless steel appliances, wood plank style tile flooring, exterior storage closets for each unit, and are completely furnished and ready for guests. Tempe is in extremely high demand for both long & short term...

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL ANNUAL PER sq ft
Gross Rental Income £57,987 £106.79
Other Income - -
Vacancy Loss £2,899 £5.34
Effective Gross Income £55,088 £101.45
Taxes £1,195 £2.20
Operating Expenses £5,535 £10.19
Total Expenses £6,730 £12.39
Net Operating Income £48,358 £89.06

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income
Annual £57,987
Annual Per sq ft £106.79
Other Income
Annual -
Annual Per sq ft -
Vacancy Loss
Annual £2,899
Annual Per sq ft £5.34
Effective Gross Income
Annual £55,088
Annual Per sq ft £101.45
Taxes
Annual £1,195
Annual Per sq ft £2.20
Operating Expenses
Annual £5,535
Annual Per sq ft £10.19
Total Expenses
Annual £6,730
Annual Per sq ft £12.39
Net Operating Income
Annual £48,358
Annual Per sq ft £89.06

PROPERTY FACTS

Price £747,282
Price Per Unit £186,820
Sale Type Investment
Yield 6.47%
No. Units 4
Property Type Build-to-Rent
Property Subtype Apartment
Apartment Style Garden
Costar Property Class C
Total Plot Size 0.18 ac
Property Size 543 sq ft
No. Floors 1
Year Built/Renovated 1962/2022
Parking Allocation 7.37/1,000 sq ft
Use Class R-3

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Granite Countertops
  • Ice Maker
  • Yard
  • Attic
  • Double Pane Windows
  • Lawn
  • Window Coverings

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT PCM sq ft
1+1 4 £1,272 543
Bike Score®
Good for cycling (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
132-64-027
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£10,668
Annual Taxes
£1,195 (£2.20/sq ft)
Tax Year
2025 Payable 2025
  • Listing ID: 37711835

  • Date on Market: 17/09/2025

  • Last Updated:

  • Address: 914 S Kenwood Cir, Tempe, AZ 85281

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