Price
$ 650,000

185 W MORELOS Street, Chandler, AZ 85225  
  • 0 beds

185 W MORELOS Street, Chandler, AZ 85225  

High demand area, low vacancy, fast/easy to rent, and all units leased! Strong tenant appeal since utilities are incl'd. Avg rent is $650/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.

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Listing Type
Multi-Family
Listing ID
5575453
Bedrooms
0
Listing Status
Active
Year Built
1933
County
Maricopa
Units
12
County School District
Elem: 000 - Out of Area, Middle: 000 - O
School District 1
Other
School District 2
Other
School District 3
Other
Zoning
MH
Taxes
2777.04
TaxYear
2016
Listing courtesy of Keller Williams Realty Phoenix
Price History
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Date Event Change Price
9/26/2017 Price change $25,000 (4%) $650,000
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