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Details
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.PROPERTY FEATURES
Water Source :
City Franchise
Sewer Source :
Public Sewer
Electric :
APS, Master Meter
Community Features :
No Pool
Parking Features:
>1 Space Per Unit
Cooling:
Individual, Electric, Ceiling Fan(s)
Heating :
Natural Gas
Construction Materials:
Painted, Stucco, Block
Flooring :
Ceramic Tile, Vinyl
PROPERTY DETAILS
Street Address: 498 N ARIZONA Avenue
City: Chandler
State: Arizona
Postal Code: 85225
County: Maricopa
MLS Number: 6767834
Year Built: 1948
Courtesy of Orion Investment Real Estate
City: Chandler
State: Arizona
Postal Code: 85225
County: Maricopa
MLS Number: 6767834
Year Built: 1948
Courtesy of Orion Investment Real Estate
Courtesy of Joseph J Kachuroi