Rare opportunity to purchase four well maintained one story four-plexes in an excellent rental area less than one mile from downtown Chandler on four seperate parcels. All of the units have long time tenants. Purchase can be split with eight units on Commonwealth offered at $800,000 and the eight units on Dakota/Nevada offered at $900,000. No offer will be considered unless the Buyer has driven the properties. The Seller is firm on the price, not subject to Appraisal or financing and wants to sell "As Is". 1031 exchanges are welcome.

Key Points: Rare opportunity in Chandler Four four-plexes Four separate parcels All single story Fifteen 2bd 1 bath units and a 1 bd 1 bath Individually metered All 16 units sold together or split 8 on Commonwealth or 8 on Nevada/Dakota

Built: 1987

Units: 16

Occupancy: 100%

Parking: 2.0 spaces per 1,000 sq. ft.


The Property is For Sale

Asking Price: $1,700,000

Building Size: 12,004 SQ FT

Cost per Square Foot: $141.62

Cap Rate: 5.10%

NOI: $86,649.60

Kasten Long Commercial Group
1001 & 1003 E Commonwealth Pl. and 325 N Nevada St. & 350 E
Chandler, Arizona 85225
United States

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Jan Long, CCIM
602.445.4115
jan@klcommgroup.com

KLCommercialGroup.com/