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185 W MORELOS Street, Chandler, Arizona

$650,000Active

185 W MORELOS Street, Chandler, Arizona 85225
Keller Williams Realty Phoenix - MLS® ID: 5575453

Property Details

185 W MORELOS Street, Chandler, Arizona 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.

Amenities

  • Zip85225
  • CountyMaricopa
  • StatusActive
  • Purchase TypeActive
  • Property typeMulti-Family
  • Zoning typeMH
  • School districtOut of Area
  • Elementary schoolOther
  • Junior highOther
  • High schoolOther
  • Year built1933
  • Lot size104X150
  • SewerSewer-In & Connected
  • HeatingGas
  • CoolingIndividual
  • Parking1 Space/Unit
  • Tax amount$2,777.04
  • Office IDkwrp002
  • Agent IDbt106
  • Agent nameBrett Tanner
  • MLS® ID5575453

Broker: Keller Williams Realty Phoenix

Listing Courtesy of Keller Williams Realty Phoenix

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“Best realtor we have ever worked with. The virtual tour of our house that she prepared was outstanding!! She is extremely professional and knowledgeable. We would have no reservations in recommending Kris to anyone who wants to buy or sell a house.”

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