$1,349,000 864 E Chandler Boulevard Chandler, AZ

MLS: 5741695   Type: Multi-Family   County: Maricopa   City: Chandler   Zip: 85225     Taxes: $3,814

Mortgage $6,333 /mo



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Hard to find 17 unit complex in Downtown Chandler, one of the hottest rental markets in the Valley. Desirable unit mix of 13 two bedroom units and 4 one bedroom units. Significantly upgraded over the last few years including new roofs, PEX plumbing, and 1/2 of the units ($7,000 +/- unit upgrade package with new cabinets, counter tops, flooring, lighting, etc.) Current typical rent for a 2 bedroom is $725+ but there are many below market rent units with long-term tenants. 7.14 +/- CAP or better projected for 2018. Potential to achieve an 8 +/- CAP or higher once units all close to market rates. Situated on a huge 1.5+ acre lot that would allow for more units to be added. Offering Memorandum, Rent Roll, and T-12 P&L available upon request.

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Price History

3/24/2018 Listed $1,360,000
6/19/2018 1% - $1,349,000

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
3 Bedrooms Units: Avg Sqft 0
4 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Sqft 0
Construction Frame - Wood
Listing Status Active
Net Income 0.00
New Financing Conventional, No Carry, 1031 Exchange
Owner Pays Water, Trash, Sewer
Property Type F
Public Remarks Hard to find 17 unit complex in Downtown Chandler
School District 080 - Chandler Unified District
Tenant Pays Electric, Gas
Type ER
Year Built 1962
Zoning multi

Interior Features

1 Bedroom Units: # 1 Bedroom Units 4
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 0
2 Bedroom Units: # 2 Bedroom Units 13
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 0
3 Bedrooms Units: # 3 Bedroom Units 0
3 Bedrooms Units: # Baths 0
4 Bedrooms Units: # 4 Bedroom Units 0
4 Bedrooms Units: # Baths 0
Appliances Included F/S Oven/Range, Refrigerator
Cooling Window/Wall Unit
Electric APS
Floors Carpet, Vinyl/Composition, Ceramic Tile
Gas SW Gas
Heating Gas
Interior Features Unfurnished, Mini Blinds, Fire/Smoke Alarm(s)
Total Number of Units 17.00

Exterior Features

Complex Features No Pool
Const - Finish Painted, Siding
Covered Parking Spcs 0.00
Exterior Features Desert Landscaping
Lot Size Dimensions 132 x 520
Parking >1 Space Per Unit, RV/Boat Parking, Add'l Parking Avail
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 34.00
Water City Franchise

Property Schools

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Gallery (19 photos)

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Property vs Zip Code Avg (85225)

Price 1.34M Avg 1.34M

Taxes $3,814 Avg $3,814

Visits 156 Avg 152

Days on Site 93 Avg 93

Walkscore® 51 Avg 51

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Listing Provided Courtesy Of: Re/Max Platinum Living

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Location & Address

eXp Realty Arizona
16165 N. 83rd Ave. #200
Peoria, AZ