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864 E Chandler Blvd
Chandler, AZ 85225
Multifamily Property For Sale · 17 Units
PROPERTY FACTS
| No. Units | 17 | Lot Size | 1.58 AC |
| Property Type | Multifamily | Building Size | 12,350 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1962 |
| Building Class | C | Parking Ratio | 2.75/1,000 SF |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.58 AC |
| Building Size | 12,350 SF |
| No. Stories | 1 |
| Year Built | 1962 |
| Parking Ratio | 2.75/1,000 SF |
Unit Amenities
- Heating
- Kitchen
- Range
About 864 E Chandler Blvd , Chandler, AZ 85225
Hard to find 17 unit complex in 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 incl. new roofs, PEX plumbing, and cosmetic upgrades throughout. About 1/2 of the units have recently been refurbished. Current typical rent for a 2 bedroom is $725+ but there are many below market rent units with long-term tenants. 7.24 +/- CAP or better projected for 2018. Potential to achieve an 8 +/- CAP with average rent/unit of $725. Situated on a huge 1.5+ acre lot that would allow for more units to be added. Buyer to complete and rely on own due diligence. Available upon request are the Offering Memorandum, Rent roll and T-12 P&L. No interior showings until escrow or negotiated. Please do not disturb the tenants.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $687.50 | 550 - 600 |
| 2+1 | 13 | $737.50 | 600 |
PROPERTY TAXES
| Parcel Number | 302-71-015 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $68,034 |
PROPERTY TAXES
zoning
| Zoning Code | MF-1, Chandler |
| MF-1, Chandler |
