$599,000 Price Analysis 142 W Ivanhoe PlChandler, AZ 85225 3 bed 2 bath 1,619 SqFt ($369/SqFt) 7,396SqFt lot. Built 1961 Listed 2024-05-29, Taxes $932 | Ⓧ USDA Ineligible due to location near Chandler |
Long term tenant in place paying $5500/mo until December 2024 and will renew for minimum 12-18 month extension. Calling all investors. Behavioral Group Home licensed up to 5 residents in Chandler AZ with long term tenant in place (Real Estate Only) - priced at over a 10% cap rate! Perfect investment opportunity or 1031 exchange opport unity to purchase a highly profitable and extremely easy rental income property with a long term tenant in place.
Property can be increased in size and zoned for 10 with addition and fire sprinklrs. The tenant has been running his business in the home since 2020. Tenant pays rent on time every month. Complete rental history available including all operating expenses. Low overhead and easy rental income property.
Presented by Christopher Vlad at
HomeSmart.
Property MLS #6711592 from ArizonaRegionalMLS
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $16,750 + $4,180 $20,930 | $932 |
2020 | $14,680 + $3,670 $18,350 | $952 |
2019 | $12,820 + $3,200 $16,020 | $1,060 |
2018 | $12,340 + $3,080 $15,420 | $752 |
2017 | $10,990 + $2,740 $13,730 | $839 |
2016 | $10,510 + $2,620 $13,130 | $810 |
2015 | $10,770 + $2,690 $13,460 | $777 |
2014 | $6,590 + $1,640 $8,230 | $854 |
2012 | $4,460 + $1,110 $5,570 | $720 |
2011 | $5,190 + $1,290 $6,480 | $753 |
2009 | $12,210 + $3,050 $15,260 | $1,055 |
2008 | $13,800 + $3,450 $17,250 | $1,033 |
2007 | $12,200 + $3,050 $15,250 | $1,008 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.