498 N Arizona Avenue Chandler, AZ 85225

Active (84 Days)

$2,600,000

See Similar Listings

Favorite
Hide
Share
- Share
- Link
- sqft,bd,%sbth,MLS#6767834

See Similar Listings

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.

MLS #:
6767834

Taxes
$3,874

Type
Multifamily

Year Built
1948

County
Maricopa County

Listed By

Jackson Everhart, Orion Investment Real Estate

Source
Arizona Regional MLS
Last checked Dec 30 2024 at 3:44 PM GMT+0000

Bathroom Details

Heating and Cooling

Natural Gas
Ceiling Fan(s)
Electric
Individual

Flooring

Vinyl
Ceramic Tile

Exterior Features

Block
Stucco
Painted
Roof: Foam

Utility Information

Sewer: Public Sewer

Parking

>1 Space Per Unit

Location

Map View | Street View

Listing to Address

Address to Listing

Calculate drive times to this property

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price

Down payment

Interest rate

Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.