Marcus & Millichap has been retained as the exclusive listing agent for the sale of Courtyard on Mill, an eight-unit, fully renovated, gated multifamily community on Mill Avenue in Tempe, Arizona, one mile south of Arizona State University. Every unit was renovated and re-leased in 2026 on new 12-month terms, and 77.27% of scheduled rent is paid through HOM Inc. and Section 8 housing-assistance contracts. A buyer acquires a turnkey asset with durable income, no near-term rollover and no deferred capital plan -- at $237,375 per unit, below every renovated multifamily sale in the Tempe and South Scottsdale comparable set and below the unrenovated five-plex two blocks away.
Listed By
Agency Name: Marcus & Millichap
Agency Phone: 602-687-6700
Shown By
Agent Name: Rick Elton
Agent Phone: (602) 818-7141
Agency Title: Arizona Best Real Estate
Estimated Payment
$ 5,257.89 per month $4,226.35 Principal & Interest $477.67 Property Tax $553.88 Homeowner's Insurance
“All information should be verified by the recipient and none is
guaranteed as accurate by ARMLS”
2205 S Mill Avenue | MLS# 7087067
This multi-family property located at 2205 S Mill Avenue, Tempe, AZ 85282 is currently listed for sale with an asking price of $1,899,000. S Mill Avenue is located within the Tempe Union High School District school district. Search Tempe real estate on relton.arizonabest.com today.