x
Price Reduction
Address
864 E Chandler Boulevard Chandler, AZ
Price
$ 1,360,000
Property Attributes
  • MLS#5741695
  • TypeMulti-Family
  • CountyMARICOPA
  • CityChandler
  • Zip85225
  • Style
  • Year Built1962
  • Taxes3814
  • Price$ 1,360,000
  • Bedrooms30
  • Full Bathrooms17
  • Half Bathrooms0
Listing Provided Courtesy Of:
Platinum Living Realty
Property Description

Hard to find 17 unit complex in Downtown Chandler, one of the hottest rental markets in the Valley. Desirable unit mix of 13 two bedroom units and 4 one bedroom units. Significantly upgraded over the last few years including new roofs, PEX plumbing, and 1/2 of the units ($7,000 +/- unit upgrade package with new cabinets, counter tops, flooring, lighting, etc.) Current typical rent for a 2 bedroom is $725+ but there are many below market rent units with long-term tenants. 7.14 +/- CAP or better projected for 2018. Potential to achieve an 8 +/- CAP or higher once units all close to market rates. Situated on a huge 1.5+ acre lot that would allow for more units to be added. Offering Memorandum, Rent Roll, and T-12 P&L available upon request.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
3/24/2018 Listed $1,360,000
6/19/2018 1% - $1,349,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Frame - Wood
Listing Status Active
Map Code/Grid T39
Net Income 0.00
New Financing Conventional, No Carry, 1031 Exchange
Owner Pays Water, Trash, Sewer
Property Type F
Public Remarks Hard to find 17 unit complex in Downtown Chandler
School District 080 - Chandler Unified District
Tenant Pays Electric, Gas
Type ER
Year Built 1962
Zoning multi

Interior Features

1 Bedroom Units: # 1 Bedroom Units 4
1 Bedroom Units: # Baths 1
2 Bedroom Units: # 2 Bedroom Units 13
2 Bedroom Units: # Baths 1
Appliances Included F/S Oven/Range, Refrigerator
Cooling Window/Wall Unit
Electric APS
Floors Carpet, Vinyl/Composition, Ceramic Tile
Gas SW Gas
Heating Gas
Interior Features Unfurnished, Mini Blinds, Fire/Smoke Alarm(s)
Total Number of Units 17.00

Exterior Features

Sale Includes Land & Building, Personal Property
Complex Features No Pool
Const - Finish Painted, Siding
Covered Parking Spcs 0.00
Exterior Features Desert Landscaping
Lot Size Dimensions 132 x 520
Parking >1 Space Per Unit, RV/Boat Parking, Add'l Parking Avail
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 34.00
Water City Franchise

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85225

Price
AVG $1.11M
$1.36M
Taxes
AVG $3,352
$3,814
Visits
AVG 280
772
Year Built
AVG 1971
1962
Walkscore
AVG 55
51

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