165 E LEXINGTON Avenue, Gilbert AZ 85234
$635,000
Brokerage: Ivy Realty(623) 299-4954
1 / 29Home facts
- Price
- $635,000
- Status
- Active
- Beds
- 3
- Baths
- 3
- Living area
- 2,106 sq ft
- Lot
- 1,500 sq ft
- Year built
- 2021
- Type
- A · Townhouse
- Stories
- 2
- Garage
- 2 spaces
- Pool
- No
- Water
- City Water
- Sewer
- Sewer - Public
- HOA
- $280/mo
- Subdivision
- ASPIRE AT HERITAGE DISTRICT
- MLS #
- 7066549
Listed by Four Peaks Property Management LLC · 480-203-4348
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
Investors--don't miss this rare opportunity! This is one of the limited homes in Aspire Heritage District currently approved for long-term rental use. With the HOA limiting the number of investment-owned rental properties, opportunities like this may be difficult to find again. Currently leased for $2,645/month through April 30, 2027, providing immediate rental income for the new owner. Important: To maintain its status as an approved Long-Term Investment Owned Unit, the home must remain leased in accordance with HOA requirements. Short-term rentals are not permitted. Buyer to verify all HOA rental requirements, restrictions, and transfer/continued eligibility provisions.
Features
Roof
Built-Up
Sewer
Sewer - Public
Cooling
Central Air, Ceiling Fan(s), Programmable Thmstat
Heating
Electric
Flooring
Carpet, Tile
WaterSource
City Water
ParkingFeatures
Garage Door Opener, Direct Access
InteriorFeatures
High Speed Internet, Granite Counters, Double Vanity, Upstairs, Breakfast Bar, Kitchen Island, Pantry, 3/4 Bath Master Bdrm
CommunityFeatures
Pool, Gated, Near Bus Stop, Biking/Walking Path
ArchitecturalStyle
Contemporary
ConstructionMaterials
Brick Veneer, Stucco, Wood Frame, Painted
Map
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 240 W JUNIPER Avenue 1257 | Sep 30, 2026 | $340,000 | 2/3 | 1,100 | The Ave Collective |
| 685 E LINDA Lane | Sep 27, 2026 | $625,000 | 3/2 | 1,710 | HomeSmart |
| 21 N PUEBLO Street | Sep 24, 2026 | $430,000 | 3/2 | 1,114 | West USA Realty |
| 309 W PINON Avenue | Sep 24, 2026 | $338,000 | 3/2 | 880 | R & C Real Estate Investments, LLC |
| 30 E PALO VERDE Street | Sep 17, 2026 | $585,000 | 4/2 | 1,962 | Arizona Elite Properties |
| 333 W Bruce Avenue | Sep 15, 2026 | $351,000 | 3/2 | 1,234 | Libertas Real Estate |
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:33 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).