Rare opportunity in Tempe featuring two separate living spaces on one lot, located in the desirable University Heights area. The main residence offers 3 bedrooms, 1 bathroom, and approximately 1,200 square feet, with recent updates including flooring, baseboards, interior paint, updated kitchen, remodeled bathroom, and improvements to plumbing and sewer systems. Several bedrooms include private exterior entrances, adding flexibility and convenience. The detached, newly built guest house adds approximately 850 square feet and includes a full kitchen, dining area, two bathrooms, and multiple flexible living spaces that may be used as additional bedrooms, offices, or living areas. All bedrooms in the guest house offer exterior access, enhancing privacy and usability. The property also... ...features additional detached storage structures and a walkway connecting both homes, creating a functional layout. This versatile property offers a variety of potential uses including multi-generational living, guest accommodations, or potential future income-producing opportunities. Conveniently located near Arizona State University, Tempe Town Lake, Mill Avenue, shopping, dining, and local destinations such as Four Peaks Brewery, and just steps from the light rail with easy access to Loop 101, Loop 202, and Phoenix Sky Harbor Airport.