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For sale
  • $650,000

    2406 S Pecan Dr, Chandler, AZ 85286

    4beds
    2baths
    2,285sqft
    : 
    Single Family Residence
    Built in 2008
    9,609 Square Feet Lot
    $-- Zestimate®
    $284/sqft
    $97/mo HOA

    What's special

    CALLING ALL INVESTORS, an exceptional investment opportunity awaits. Investor Only Opportunity | Home is a Licensed Residential Care Facility with Long-Term Lease Property located in the highly desirable Clemente Ranch community of Chandler, AZ 85286. This 2,253 sq ft single-family home features 5 bedrooms and 2 bathrooms and is currently operating as a licensed residential care facility. (Not a Sober living/halfway house) This property is leased to a long-term tenant under a 5-year agreement, generating $4,150 per month in rental income ($49,800 annually). With minimal landlord responsibilities, this asset offers a projected CAP rate of approximately 5.4%, making it a solid and stable addition to any investor's portfolio. Key Investment Highlights: " Long-term tenant in place (not owner-occupied) " Licensed and operating residential care facility " Stable $4,150/month lease through 2029 - With lease clause for increase yearly " Professionally managed " Located in Clemente Ranch - a highly sought-after Chandler neighborhood with proximity to A Rated Schools, freeways, medical centers, shopping, and dining This is not a typical residential listing and is intended for investors seeking steady income with low turnover risk. For serious inquiries lease terms/license documentation available.
    42 days
    on Zillow
    |
    883
    |
    24
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    Zillow last checked: 7 hours ago

    Listing updated: April 19, 2025 at 09:11am

    Listed by:

    Nicole M. Geving-Williams 520-203-1890,

    eXp Realty,

    Becky Garcia 602-560-4560,

    eXp Realty

    Source: ARMLS,MLS#: 6854214MLS Logo

    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 2406 S Pecan Dr.

    Next available tour time:Today at 1:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Natural Gas
    Cooling
    • Central Air
    Appliances
    • Laundry: Wshr/Dry HookUp Only
    Features
    • High Speed Internet, Double Vanity, Breakfast Bar, 9+ Flat Ceilings, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
    • Flooring: Carpet, Tile
    • Has basement: No
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 2,285
    • Total interior livable area: 2,285 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage
    • Garage spaces: 3
    Features
    • Stories: 1
    • Patio & porch: Covered, Patio
    • Pool features: None
    • Spa features: None
    • Fencing: Block
    Lot
    • Size: 9,609 Square Feet
    • Features: Sprinklers In Rear, Sprinklers In Front, Desert Front, Gravel/Stone Front, Gravel/Stone Back, Auto Timer H2O Front, Auto Timer H2O Back
    Details
    • Parcel number: 30335917

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Stucco, Wood Frame, Painted
    • Roof: Tile,Concrete
    Condition
    • Complete Spec Home
    • Year built: 2008
    Details
    • Builder name: Shea Homes

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: City Water

    Community & HOA

    Community
    • Subdivision: CLEMENTE RANCH PARCEL 2
    HOA
    • Has HOA: Yes
    • Amenities included: Management
    • Services included: Maintenance Grounds
    • HOA fee: $291 quarterly
    • HOA name: Clemente Ranch
    • HOA phone: 480-422-0888
    Location
    • Region: Chandler

    Financial & listing details

    • Price per square foot: $284/sqft
    • Tax assessed value: $568,000
    • Annual tax amount: $2,866
    • Date on market: 4/19/2025
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Ownership: Fee Simple
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