Hard to find 17 unit complex in Chandler, one of the hottest rental markets in the Valley. Desirable unit mix of 15 two bedroom units and 2 one bedroom units. Significantly upgraded over the last few years incl. new roofs, PEX plumbing, and cosmetic upgrades throughout. Current typical rent for a 2 bedroom is $725+ but there are many below market rent units with long-term tenants. 6.8 +/- 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. Expenses are estimated, buyer to complete and rely on own due diligence. See attached Offering Memorandum (OM) in documents tab for more information. No interior showings until escrow. Price firm.
Listing courtesy of Re/Max Platinum Living.
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