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$2,650,000
710 N Arizona Ave, Chandler, AZ 85225
0 Beds
0 Baths
n/a sqft

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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)
  • Price:
  • $2,650,000
  • Year Built:
  • 1957
  • Listing ID #:
  • 6171680
  • Street Address:
  • 710 N Arizona Ave
  • City:
  • Chandler
  • State:
  • Arizona
  • Postal Code:
  • 85225
  • County:
  • Maricopa
  • Subdivision:
  • Chandler Inn Mld
  • Listing Status:
  • Active
2
out of 5

Hartford Sylvia Encinas Elementary School
Public
School Grade Level PRESCHOOL-6
School Students 775 students
School Teachers 15 student/
teacher
3
out of 5

Chandler High School
Public
School Grade Level 9-12
School Students 3000 students
School Teachers 20 student/
teacher
  • Construction Description:
  • Slump Block
  • Exterior Features:
  • Cable Tv Available, Desert Landscaping
  • Flooring:
  • Carpet, Ceramic Tile, Vinyl/Composition
  • Interior Features:
  • Drapes, Fire/Smoke Alarm(s), Furnished
  • Number Of Units:
  • 25.00
  • Siding:
  • Painted, Stucco
  • Type Of Roof:
  • Built-Up, Comp Shingle
  • Year Built:
  • 1957
  • Operating Expense:
  • 8800.00
  • Conforms To Zoning:
  • Sf-8.5
  • Community Features:
  • Manager Res/Office, No Pool
  • Included In Sale:
  • Building(s) Only, Land & Building
  • Terms:
  • 1031 Exchange
  • Owner Pays:
  • Cable Tv, Electric, Gas, Landscaping, Sewer, Trash Collection, Water
  • Property Taxes:
  • $8,800
  • Parking Description:
  • Free, Paved Parking
  • Parking Spaces:
  • 25.00
  • Appliances:
  • Microwave, Refrigerator
  • Cooling System:
  • Electric Refrigeratd, Individual, Window/Wall Unit
  • Electricity:
  • Aps, Master Meter
  • Existing Water:
  • City Franchise, Irrigation, Master Meter
  • Gas:
  • Master Meter, Sw Gas
  • Heating:
  • Electric, Heat Pump, Individual, Window/Wall Unit(s)
  • Sewage Type:
  • Sewer - Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listings Provided by Homesmart
  • ARMLS

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