864 E CHANDLER Boulevard Chandler, AZ 85225

$1,349,000
864 E CHANDLER Boulevard, Chandler, AZ 85225
5741695

Multi-Family Home for sale in Chandler, AZ

for $1,349,000. This home was built in 1962 on a lot size of 132 x 520.

Property Information

  • $1,349,000
  • Multi-Family
  • Taxes are $3,814
  • Other / Unknown
  • Active
  • Lot size of 132 x 520
  • Built in 1962
  • Chandler, AZ
  • Galveston Neighborhood
  • Maricopa County
  • MLS/Web ID is 5741695
  • Price Reduced

Description

Hard to find 17 unit complex in Downtown 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 including new roofs, PEX plumbing, and 1/2 of the units ($7, 000 +/- unit upgrade package with new cabinets, counter tops, flooring, lighting, etc.) Current typical rent for a 2 bedroom is $725+ but there are many below market rent units with long-term tenants. 7.14 +/- CAP or better projected for 2018. Potential to achieve an 8 +/- CAP or higher once units all close to market rates. Situated on a huge 1.5+ acre lot that would allow for more units to be added. Offering Memorandum, Rent Roll, and T-12 P&L available upon request.

Interior 7

Appliances

  • Fire Alarm
  • Refrigerator

Cooling System

  • Window Unit(s)

Flooring

  • Carpet(s)
  • Ceramic Tile Flooring
  • Vinyl Flooring

Furnished

  • No

Heating System

  • Gas

Sewer

  • Public Sewer

Water Source

  • City Water

Exterior 8

Community Amenities

  • Other

Construction

  • Wood

Exterior

  • Painted

Garage

  • RV/Boat Pad

Parking

  • Additional Parking

Road Frontage

  • Asphalt Road

Roof

  • Shingle Roof

Siding

  • Siding

Miscellaneous 1

Utilities

  • Gas

Rental 2

Landlord Pays

  • Sewer
  • Trash/Garbage Pickup
  • Water

Tenant Pays

  • Electric
  • Gas

† Excluded Feature

Neighborhood & Schools

School District: Chandler Unified District

 See complete school information

Listed By

Broker: RE/MAX PLATINUM LIVING

864 E CHANDLER Boulevard, Chandler, AZ, 85225 is a Multi-Family Home for sale at $1,349,000 with a lot size of 132 x 520. 864 E CHANDLER Boulevard has 0.0 baths and was built in 1962. The property's zip code is 85225 which is in Chandler, AZ

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Pricing History

Date Price Price Change Description
6/20/2018 $1,349,000 -0.81 % Price Change
3/25/2018 $1,360,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Chandler $456,968 66 % below $374,900 72 % below
Multi-family listings in Chandler $1,349,000 0 % below $1,349,000 0 % below

Get the facts about Chandler, AZ!

Population 255,812
Population Growth (since 2000) 45 %
Median Income $71,546
Median Age 35.68
Households w/ Children 38 %

Residential Dwellings

  • Owned 62367
  • Vacant 7317
  • Rented 31494

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Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363