498 E Detroit St., Chandler, AZ 85225

HOME WAS REMODELED IN ABOUT 2005, HAS 3 BEDROOMS, 2 BATHS, WALK-IN CLOSETS IN ALL BEDROOMS, CEILING FANS T/O, KITCHEN HAS SMOOTH TOP RANGEM MICROWAVE, INSIDE LAUNDRY, DUAL PANE WINDOWS. MOBILE HOMES ARE OWNED BY THE TENANTS, ALL ARE VERY LONG TERM. HOME IS RENTED AT ABOUT $1000/MO. ON SECTION 8 HOUSING, RENT IS BELIEVED TO BE BELOW MARKET, WHICH AFFECTS CAP RATE---DO NOT DISTURB. NORMAL FINANCING APPEARS TO BE AN ISSUE DUE TO DUAL ZONING, HAVE BEEN TOLD THIS PROJECT WOULD BE NON-CONFORMING, SELLER WANTS CASH SALE. POSSIBLY BUYER COULD LOOK INTO COMMERCIAL FINANCING