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Description
Calling All Investors! Long term tenant in place currently paying $5,500 in rent until December 2024. Tenant willing to renew for minimum 12-18 month extension & Seller willing to do up to $150K seller carry back loan! Behavioral Group Home licensed up to 5 residents in Chandler AZ with long term tenant in place (Real Estate Only) – priced at over a 10% cap rate! Perfect investment opportunity or 1031 exchange opportunity to purchase a highly profitable and extremely easy rental income property. Tenant pays for utilities except solar payment. Property can be zoned for 10 with addition sq ft and fire sprinklers. The tenant has been running his business in the home since 2020. Complete rental history available including all operating expenses. Low overhead and easy rental income home.
Property Details and Features
Bathrooms
- 2 total decimal bathrooms
- 2 total bathrooms
Bedrooms
- 3 total bedrooms
Building
- Built in 1961
- Living area: 1619
- Construction materials: “Painted”, “Block”
Cooling
- “Refrigeration”
Fence
- “Block”
Fireplaces
- “None”
Floors
- “Carpet”
- “Laminate”
Heating
- “Electric”
Home Owner’s Association
- Association fee includes: “No Fees”
Interior Features
- “Full Bth Master Bdrm”
Listing
- Listing ID: 6711592
- Standard status: Active
- 112 days on market
Location
- Subdivision name: THUNDERBIRD MANOR LOTS 1-22 TRS A & B
Lot
- 0.17 acres
- 7,396 sqft
- “Grass Front”
Pool
- “None”
Possession
- “Close Of Escrow”
- “Subject To Tenant Rights”
Roof
- “Composition”
Schools
- Elementary school: Hartford Sylvia Encinas Elementary
- High school: Chandler High School
- High school district: Chandler Unified District
Taxes
- Annual amount: $962
- Lot: 5
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This content last updated on September 26, 2024 1:21PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.