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)
Off market
Zestimate®
$869,100
710 N Arizona Ave, Chandler, AZ 85225
16beds
4baths
--sqft
MultiFamily
Built in 1957
-- sqft lot
$869,100 Zestimate®
$--/sqft
$1,839 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 4
Heating
- Heat pump, Electric
Cooling
- Wall
Appliances
- Included: Microwave, Refrigerator
Features
- Flooring: Tile, Carpet, Linoleum / Vinyl
Property
Parking
- Total spaces: 25
Details
- Parcel number: 30257103
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Other
Condition
- Year built: 1957
Utilities & green energy
- Electric: Master Meter, APS
- Gas: SW Gas, Master Meter
- Sewer: Sewer - Public
Community & neighborhood
Location
- Region: Chandler
Other
Other facts
- Ownership: Fee Simple
- Community Amenities: Manager Res/Office, No Pool
- Cooling: Window/Wall Unit, Electric Refrigeratd, Individual
- Electric: Master Meter, APS
- Exterior Amenities: Cable TV Available, Desert Landscaping
- Gas: SW Gas, Master Meter
- Heating: Electric, Window/Wall Unit(s), Heat Pump, Individual
- Interior Amenities: Drapes, Fire/Smoke Alarm(s), Furnished
- Parking: Paved Parking, Free
- Project Type: 25 - 50 Units
- Sewer: Sewer - Public
- Water: City Franchise
- Water: Irrigation
- Water: Master Meter
- Sale Includes: Land & Building, Building(s) Only
- Const - Finish: Painted, Stucco
- Roofing: Comp Shingle, Built-Up
- Floors: Carpet, Vinyl/Composition, Ceramic Tile
- Appliances Included: Refrigerator, Microwave
- Owner Pays: Water, Landscaping, Sewer, Electric, Gas, Cable TV, Trash Collection
- Construction: Slump Block
- Other Type: House + Rental Units, Hotel/Motel
- Source of Fincl Data: Books Shwn Accpt Ofr
- Tax Municipality: Chandler
- New Financing: 1031 Exchange
- High School: Chandler High School
- Elementary School: Hartford Sylvia Encinas Elementary
- Tax Year: 2020
- Ownership: Fee Simple
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Estimated market value
$869,100