Calling all investors! Tenant in place paying $5500/mo and priced at an 8% cap rate! Perfect investment opportunity to purchase a highly profitable and extremely easy rental income property with a long term tenant in place. Property is licensed as a behavioral group home for up to 5 residents with the city of Chandler. Property can be increased in size and zoned for 10. The tenant has been running his business in the home since 2020. Current lease agreement through December 1, 2024, at a monthly rate of $5500 per month. The monthly expenses for the property are approximately $425/month including taxes and insurance. This also includes $142/mo for solar - Home was remodeled in 2018. Please do not disturb tenants - offer with proof of funds to be submitted prior to show. For more details: https://realtyww.info/homes_chandler-d525725/for-sale_i72424813
Extra Information for 142 W Ivanhoe Pl Chandler, AZ
- Seller Type:
- Category: Single-Family Houses
- Conditions: Resale
- Listed Date: May 31, 2024
