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    710 N Arizona Avenue

    Chandler, AZ 85225
    • $2,650,000
    • STATUS: Active
    • ON SITE: 80 days
    • MLS #: 6171680
    UPDATED: 60 min ago
    $2,650,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:
    Area:

    School Information

    Description

    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)- Separate 2 bedroom/2 bath detached house with laundry, fire place and backyard - Additional land area to potentially build more units/pool/basketball courts? - Earn additional income for charging for utilities, cable, wi-fi, or parking? Close to golf courses, dining, shopping, schools and Phoenix/Tempe/ASU. Chandler known for Intel, Honeywell, Wells Fargo, Paypal, GM, Microchip offices and locations. Visit property site www.chandlerstudiosapts.com for more photos and property info.

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    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Yost Realty Group at RE/MAX Casa Grande. Data last updated 2021-03-08T00:14:18.287.
    www.yosthomes.com/homes/112667896
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    710 N Arizona Avenue Chandler, AZ 85225

    • Price: $2,650,000
    • Status: Active
    • Updated: 60 min ago
    • MLS #: 6171680
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1957
    Built
    Neighborhood:
    Chandler Inn Mld
    County:
    Maricopa
    Area:
    Chandler
    Elementary School:
    Hartford Sylvia Encinas Elementary
    High School:
    Chandler High School
    School District:
    080 - Chandler Unified District
    Property Description
    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)- Separate 2 bedroom/2 bath detached house with laundry, fire place and backyard - Additional land area to potentially build more units/pool/basketball courts? - Earn additional income for charging for utilities, cable, wi-fi, or parking? Close to golf courses, dining, shopping, schools and Phoenix/Tempe/ASU. Chandler known for Intel, Honeywell, Wells Fargo, Paypal, GM, Microchip offices and locations. Visit property site www.chandlerstudiosapts.com for more photos and property info.
    Exterior Features

    Construction Slump Block Construction Finish PaintedStucco Covered Parking Spaces 0.00 Exterior Amenities Cable Tv AvailableDesert Landscaping Lot Size Dimensions 40255 Parking FreePaved Parking Roads Asphalt Roofing Built-UpComp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 427 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 950 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included MicrowaveRefrigerator Cooling Electric RefrigeratdIndividualWindow/Wall Unit Efficiency Unit Avg Sq Ft 200 Efficiency Unit Baths 1 Floors CarpetCeramic TileVinyl/Composition Heating ElectricHeat PumpIndividualWindow/Wall Unit(S) Interior Amenities DrapesFire/Smoke Alarm(S)Furnished

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 14 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 1 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 0.00 Annual Ownr Asoc Fee 0.00 Community Amenities Manager Res/OfficeNo Pool Cross Street Arizona Ave And Harrison Efficiency Unit Avg Rent 0.00 Efficiency Units 10 Electric ApsMaster Meter Gas Master MeterSw Gas Gross Annual Sch Inc 0.00 Hoa YN No Net Operating Income 0.00 New Financing 1031 Exchange Operating Exp 8800.00 Other Income 0.00 Other Type Hotel/MotelHouse + Rental Units Owner Pays Cable TvElectricGasLandscapingSewerTrash CollectionWater Project Type 25 - 50 Units Sale Includes Building(S) OnlyLand & Building Sewer Sewer - Public Source Of Financial Data Books Shwn Accpt Ofr Tax Municipality Chandler Taxes 8800.00 Tenant Pays None Vacancy Allowance 0.00 Water City FranchiseIrrigationMaster Meter Zoning Sf-8.5

    Listing courtesy of Homesmart.


    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Yost Realty Group at RE/MAX Casa Grande. Data last updated 2021-03-08T00:14:18.287.
     
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    317 E. Cottonwood Lane, Suite C
    Casa Grande AZ, 85122