185 W MORELOS Street, Chandler, Arizona
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.
Listing Courtesy of Keller Williams Realty Phoenix