An apartment complex in Chandler has been offered for sale. At current price of $920,000 it is estimated to yield a 7.5 cap.
20 unit low-density, single level complex comprised of five four unit
buildings with covered parking on the south side of the complex. There is an owned onsite laundry and a
community barbeque area/fenced play area for the children. Additional parking is available at the rear
of the property.
All units are two bedroom/one bath with newer HVACs installed in 2005. At that same time, the roof
was replaced with a new foam roofing system.
20 Two Bedroom Units
644 Square Feet Each
20 Covered Parking Spaces
Five Buildings/One Story
Two Lots Total Area: 29,503 SQ FT
Total Building Area: 12,880 SQ FT
Constructed in 1964
Concrete Block
It would be an easy conversion into an assisted living center and would greatly increase its value.
Please let me know if this property is of interest to you or anyone you may know.
Travis Smith
Keller Williams Northeast Realty
(623)237-2388
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