High demand area, low vacancy, fast/easy to rent, and all units leased! Strong tenant appeal since utilities are incl'd. Avg rent is $600/unit, most are month to month---gives landlord ability to modify any lease terms w/30d.notice. Recent facelift of building includes new exterior paint, roof stripped to wood & replaced in 2015 w/Owens Corning Oakridge asphalt shingles. Laundry rm in the courtyard with coin-op machines provides addt'l monthly revenue (see other income). Security cameras and DVR included, pre-wired for addt'l security cameras. Evap cooling & gas heating keeps utility costs low. Close to downtown Chandler, shopping & major freeways. Existing property mgr and maintenance man live on site and handle all routine matters.Competitive CAP rate compared to similar properties.
Remodeled units, all with 2 bedrooms, tile throughout, 2 tone paint, newer Central AC, new plumbing and new sewer plumbing, back yards with block fence.Please dont talk to tenants, they don't know that property is being sold.More photos will be added by next Saturday.
Great duplex. Build in 1972 and in great condition. Two 2 bed 1 bath units. Units each have an individual address. They properties are 820 and 822 W. Knox. Units always rent quickly. 822 tenant is paying 675.00 per month and has a lease through March 31, 2016. 820 tenants are vacating the property the end of May after having rent this unit for 6 years. As you can tell turn over is very low. Both units include all appliances. These are two identical units.