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.