710 N Arizona Avenue, Chandler, AZ 85225
- $2,650,000
- List Price
- $2,650,000
- Status
- ACTIVE
- Price Change
- ▲ $25,000 1608202229
- Days on Market
- 79
- MLS#
- 6171680
- City
- Chandler
- Year Built
- 1957
Property Description
PRIME INVESTMENT OPPORTUNITY IN HIGH BARRIER TO ENTRY CHANDLER. Currently operated as motel rented nightly & week-to-week, opportunity to lock in tenants for long term to maximize occupancy. WOW 11% CAP--- See attached proforma.Single level garden style property with various unit types and sizes. Corner lot with Frontage entrance on Hwy 87/Arizona Ave and side entrance on Harrison. Newer upgraded paver sidewalks, electronic entry locks, solid concrete buildings, newer roofs, newer water heaters, newer individual AC/heat, granite countertops/showers, fully furnished units with pull-out sofas, 37in TV with full cable, complementary Wi-Fi and all utilities included. - 10 Studios (200sq ft)- 9 One bedroom one bath apartments (427sq ft)- 5 Junior Apts (308sq ft) - Separate 2 bedroom/2 bath detached house with laundry, fire place and backyard - Additional land area to potentially build more units/pool/basketball courts? - Earn additional income for charging for utilities, cable, wi-fi, or parking? Close to golf courses, dining, shopping, schools and Phoenix/Tempe/ASU. Chandler known for Intel, Honeywell, Wells Fargo, Paypal, GM, Microchip offices and locations. Visit property site www.chandlerstudiosapts.com for more photos and property info.
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Additional Information
- Taxes
- $8,800
- Operating Exp
- 8800
- Units
- 25
- Project Type
- 25 - 50 Units
- Pool
- Yes
- Guest House SqFt
- 25
- Construction
- Slump Block
- Roofing
- Built-Up, Comp Shingle
- Parking
- Free, Paved Parking
- Cooling
- Electric Refrigeratd, Individual, Window/Wall Unit
- Heating
- Electric, Heat Pump, Individual, Window/Wall Unit(s)
- Floors
- Carpet, Ceramic Tile, Vinyl/Composition
- Interior Amenities
- Drapes, Fire/Smoke Alarm(s), Furnished
- Exterior Amenities
- Cable TV Available, Desert Landscaping
- Zoning
- SF-8.5
- Subdivision
- Chandler Inn Mld
- Electric
- APS, Master Meter
- Gas
- Master Meter, SW Gas
- Water
- City Franchise, Irrigation, Master Meter
- Sewer
- Sewer - Public
- Tenant Pays
- None
- New Financing
- 1031 Exchange
- Elementary School
- Hartford Sylvia Encinas Elementary
- High School
- Chandler High School
- School District
- 080 - Chandler Unified District
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