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.
Listing courtesy of HomeSmart.
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