Chandler, Arizona, is an excellent place to live, and as a result, an excellent place to invest in multi-family properties. Considered one of the most desirable cities in the southwest, Chandler is home to more than two hundred and fifty thousand people, a variety of events and activities, quality services, and rich history. Established in 1912, then incorporated in 1920, Chandler has grown from a quiet farm town into an “Innovations and Technology Hub.” As a result, Chandler residents have one of the Southwest’s highest per capita incomes. Further contributing to its appeal, the city is centrally located in the thriving Southeast Valley, just twenty miles southeast of Sky Harbor International Airport and Phoenix.
Because of these, and many other desirable qualities, Chandler multi-family homes are excellent investment opportunities. Multi-family homes in Chandler include a variety of properties including apartments, townhomes, duplexes, triplexes, quads, and other real estate options comprising more than one unit that can house more than one family. While single-family homes in Chandler offer investors one source of rental income, multi-family properties in Chandler offer multiple monthly rental incomes, making them a safer investment for those needing consistent cash flow.
Chandler multi-family investment properties include building in older, well-established neighborhoods, as well as newer parts of the city. Some multi-family homes in Chandler are in neighborhoods with HOAs, others are not, and some multi-family properties already have tenants generating rental income, while others are vacant fixer-uppers ready to be given new life. Near downtown Chandler, there are several multi-family real estate investment opportunities, as the area encompasses many duplexes, triplexes, and townhomes. While there are exceptions, in many situations the landlord pays the water bill for the property, and the tenants pay for their electricity and natural gas. Additional considerations when looking to invest in Chandler multi-family real estate are the neighborhood, size of the yard, availability of off-street parking, and whether it has in-unit laundry. If you would like more information regarding currently listed multi-family investment properties in Chandler, Arizona, we would love to assist you, so please contact us as soon as it is convenient.
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