Active
498 N ARIZONA Avenue
Chandler AZ, 85225
$2,600,000
Active
Other
Built in 1948
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.
6767834
MLSⓇ ID
October 8, 2024
Listed
December 5, 2024
Updated
Map
498 N ARIZONA Avenue
Chandler AZ, 85225
Interior Features
Floor Description
Ceramic Tile, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Individual, Electric, Ceiling Fan(s)
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Roof
Foam
Sewer
Public Sewer
School Information
School District
Chandler Unified District
Other Property Details
Taxes
$3,874
Tax Frequency
Annually
Days on Market
59
Garage
No
Parking
1 Space Per Unit
Parking Total
16
View
No
County
Maricopa
Water Source
City Franchise
Pool
No
Zoning
C3
Listing History
Date | Event | Price |
|---|---|---|
12/5/2024 | Active | — |
11/14/2024 | Under contract | — |
11/4/2024 | Active | — |
10/26/2024 | Under contract | — |
Courtesy of Orion Investment Real Estate
Listing Contact: 970-219-3038
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Gregory Corbett shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data Last Updated: 6:49 PM UTC, 12/5/2024.
