Under contract
UCB (Under Contract-Ba...
498 N ARIZONA Avenue
Chandler AZ, 85225
$2,600,000
Under contract
UCB (Under Contract-Ba...
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
November 21, 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
38
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 |
|---|---|---|
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 Christina Spaulding | CA DRE# 02033139 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data Last Updated: 8:08 PM UTC, 11/21/2024.
