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498 N ARIZONA Avenue, Chandler, AZ 85225
498 N ARIZONA Avenue, Chandler, AZ 85225
Description
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.
Address
Open on Google Maps- Address 498 N ARIZONA Avenue
- City Chandler
- State/county AZ
- Zip/Postal Code 85225
- Country US
Details
Updated on December 5, 2024 at 6:12 pm- Property ID: 6767834
- Price: $2,600,000
- Garage Size: x x
- Year Built: 1948
- Property Type: Multiple Dwellings
- Property Status: Active
- MLS#: 6767834
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