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$2,600,000
76 Days On Site

498 N ARIZONA Avenue
Chandler, AZ 85225

For Sale|Multi Family|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1948
Built
County:
Maricopa
498 N ARIZONA Avenue498 N ARIZONA Avenue498 N ARIZONA Avenue498 N ARIZONA Avenue
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Mortgage Calculator

Monthly Payment (Est.)

$11,862
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$2,600,000
Days On Site 
76 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1948
MLS® Number 
6767834
Status 
Active
Property Tax 
$3,874
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoStatus changed to Active
3 months agoListing first seen on site
General Features
Cross Street 
Chandler Blvd and Arizona Ave
Disclosures 
None
Parking Spaces 
16
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Water Source 
Public
Zoning 
C3
Interior Features
Appliances 
MicrowaveWasher/Dryer
Cooling 
Central AirElectricCeiling Fan(s)
Flooring 
Ceramic TileVinyl
Heating 
Natural Gas
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Exterior Features
Construction Details 
StuccoBlock
Road Frontage 
Alley
Roof 
Foam
Community Features
Financing Terms Available 
Conventional
Roads 
Asphalt
School District 
Chandler Unified District
Township 
1S
Schools
School District
Chandler Unified District
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Orion Investment Real Estate.



All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data Last Update: 2024-10-30 12:00 AM UTC

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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