Price:
$2,600,000
Units:
13
Property Type:
Other
Status:
Active
Year Built:
1948
Days on Website:
14
Courtesy of Orion Investment Real Estate
Property Description
The Avenue Apartments is a nicely renovated 13 unit complex located near Downtown Chandler. This investment opportunity offers a step in 6.7% cap rate with further opportunity to increase NOI through renovating the remaining 5 units. The attractive unit mix includes 5 2bed/1bath units and 8 1bed/1bath units. Major exterior renovations have been done inclucding new exterior stucco and paint, new plumbing, new parking lot asphalt and stripping, and a refurbished courtyard.
Open House
Property Details and Features
-
Appliances & Equipment
- “BI Oven/Range”
- “Microwave”
- “Washer/Dryer”
-
Building
- Built in 1948
- Construction materials: “Painted”, “Stucco”, “Block”
- 13 total units
-
Cooling
- “Individual”
- “Electric”
- “Ceiling Fan(s)”
-
Expenses
- Electric: $18,000
- Fuel: $1,500
- Insurance: $6,500
- Maintenance: $9,000
-
Floors
- “Ceramic Tile”
- “Vinyl”
-
Heating
- “Natural Gas”
-
Listing
- Listing ID: 6767834
- Standard status: Active
- 14 days on market
-
Parking
- “>1 Space Per Unit”
- 16 total parkings
-
Property
- Zoning: C3
-
Roof
- “Foam”
-
Schools
- High school district: Chandler Unified District
-
Sewer
- “Public Sewer”
-
Taxes
- Annual amount: $3,874
-
Tenant Pays
- “See Remarks”
-
Utilities
- “APS”
- “Master Meter”
Property Map
$2,600,000 – 498 N Arizona Avenue, Chandler, AZ 85225
Street View
Market Trends for 85225, Chandler, AZ
Nearby Schools
Brian Young PLLC
DPR Realty LLC
brian@07k.d98.myftpupload.com
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653)
8341 E Gelding Drive,
Scottsdale,
AZ
85260
Fax:
Request More Information
Brian Young PLLC
DPR Realty LLC
brian@07k.d98.myftpupload.com
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653)
8341 E Gelding Drive,
Scottsdale,
AZ
85260
Fax:
Schedule a Showing
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This content last updated on October 21, 2024 1:11PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.