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920 S Kenwood Circle, 
Tempe, AZ 85281

$550,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Sophia J Willets

Garrett Pedicini

Grace Cre

602-975-5516

Last updated:

July 19, 2025, 03:15 PM

MLS#

6894124

Source:

ARMLS

About This Home

920 S Kenwood Circle

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.

Home Facts

Multi-Family

Built in 1962

Price Summary

550,000

MLS #:

6894124

Last Updated:

July 19, 2025, 03:15 PM


Structure

Structure

Year Built:

1962


Finances & Disclosures

Finances

Price:

$550,000

Source:ARMLS
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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