498 N Arizona Ave., Chandler, AZ 85225

498 N Arizona Ave., Chandler, AZ 85225
Photo 1 of 9
$2,600,000
Beds Baths Sq. Ft. Taxes Built
0.00 0 $3,874 1948
On the market: 48 days

Est. Monthly Payment:

$15,190($14,867 + $323 taxes*)

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APPROVED
View full details, 15 photos, school info, and price history
The Avenue Apartments is a nicely renovated 13 unit complex located near Downtown Chandler. This investment opportunity offers a step in 6.7% cap rate with further opportunity to increase NOI through renovating the remaining 5 units. The attractive unit mix includes 5 2bed/1bath units and 8 1bed/1bath units. Major exterior renovations have been done inclucding new exterior stucco and paint, new plumbing, new parking lot asphalt and stripping, and a refurbished courtyard.
Listing courtesy of Jackson Everhart, Orion Investment Real Estate