Two well maintained, but not updated, one story four-plexes (also 1001) for sale in an excellent Chandler rental area less than one mile from downtown Chandler. All have tiled floors, newer baths & kitchens. Popcorn ceilings have been removed. All units have long time tenants. $400,000 each for a total of $800,000. Built in 1979 they are all 2 bed one bath units,100% occupied. Washer dryer hookups in each unit. Seller wants this and the adjacent four-plex at 1001 E Commonwealth sold together. MUST BE SOLD TOGETHER, but residential financing is available. Also available: two four-plexes at 350 E Detroit St and 325 N Nevada asking $425,000 each, $900,000 for both. Also must be sold together. Buyer must have driven the property before any offer will be accepted. Seller is firm on the price, sale not subject to appraisal or financing. Sold "As Is." 1031 exchanges are welcome
Key Points: Great rental area All large two bedroom one bath units High visability 1979 Frame construction Individually metered for electric Paved parking Fast growing City of Chandler Seller wants to sell both this and the adjacent fourplex at 1003 E Commonwealth Pl. together 8 other units available nearby.
Parking: 2.3 spaces per 1,000 sq. ft.
Asking Price: $400,000
Building Size: 6,280 SQ FT
Cost per Square Foot: $63.69
Cap Rate: 5.64%